Mastercard appoints Tim Murphy Vice Chair, Richard Verma as new CAO effective May 1

Mastercard Inc

Tim Murphy, current Chief Administrative Officer, transitions to Vice Chair effective May 1, 2025.
Richard Verma rejoins Mastercard as Chief Administrative Officer effective May 1, overseeing Law, Government Affairs & Policy, Franchise and other functions.
Verma previously served as Mastercard Chief Legal Officer (2020-2023) and most recently as U.S. Deputy Secretary of State.
Murphy, with Mastercard since 2000, led legal, product, and U.S. region; will oversee global regulator relationships.

item 5.02 item 9.01

Executive movements

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Role change

Timothy Murphy

Vice Chair

MA · Mastercard Inc

Effective: 2025-05-01
Successor: Richard Verma
Filed: February 26, 2025, 6:59 PM ET

On February 26, 2025, Mastercard Incorporated (“Mastercard” or the “Company”) announced that Timothy Murphy, 57, a Named Executive Officer and the Company’s Chief Administrative Officer, will transition from his current role to the role of Vice Chair, effective May 1, 2025.

Appointed

Richard Verma

Chief Administrative Officer

MA · Mastercard Inc

Effective: 2025-05-01
Filed: February 26, 2025, 6:59 PM ET

The Company also announced that effective May 1, 2025, Richard Verma will re-join Mastercard and succeed Mr. Murphy as Chief Administrative Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Timothy Murphy changed role as Vice Chair at Mastercard Inc.

Action: transition
Role: Vice Chair

Exact text from the filing

On February 26, 2025, Mastercard Incorporated (“Mastercard” or the “Company”) announced that Timothy Murphy, 57, a Named Executive Officer and the Company’s Chief Administrative Officer, will transition from his current role to the role of Vice Chair, effective May 1, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Richard Verma was appointed as Chief Administrative Officer at Mastercard Inc.

Action: re-join and succeed
Role: Chief Administrative Officer

Exact text from the filing

The Company also announced that effective May 1, 2025, Richard Verma will re-join Mastercard and succeed Mr. Murphy as Chief Administrative Officer.

View on SEC.gov

Mastercard Inc filing history →

Source: SEC EDGAR

accession 0001141391-25-000023

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