Martina Hund-Mejean, Mastercard’s Chief Financial Officer, to Retire in 2019

Sachin Mehra Appointed in Planned Succession

PURCHASE, N.Y.–(BUSINESS WIRE)–Mastercard today announced that Martina Hund-Mejean, chief financial
officer, will retire after more than a decade in the role. Sachin Mehra,
chief financial operations officer, will succeed Hund-Mejean as CFO on
April 1, reporting to Mastercard president and chief executive officer,
Ajay Banga.


“We have always been deliberate in the way in which we develop leaders
as part of our succession program,” said Banga. “Sachin is an
outstanding executive who had key roles in the finance organization and
in the product organization, where he led commercial products and
solutions, before returning to finance in 2018 in a broader role as
chief financial operations officer. His deep knowledge of Mastercard and
the marketplace will be key to continuing our Grow, Diversify and Build
strategy. He has a keen understanding of the opportunities ahead of us
and how best to capitalize on them.”

“Martina maintained the highest standard of leadership, strategic
thinking and financial stewardship in her years as CFO,” Banga
continued. “She helped drive the transition of Mastercard to a
publicly-traded company, during which time Mastercard stakeholders
participated in remarkable growth and value creation. Martina’s tenure
is distinguished by her legacy of integrity, mentorship and promotion of
diversity. It’s been my great fortune and privilege to partner with such
an accomplished executive and respected leader who’s contributed so much
to Mastercard’s success.”

“It’s been an honor to serve the shareholders, employees and customers
of Mastercard for the past 11 years,” said Hund-Mejean. “I look back at
my tenure with pride in our accomplishments and also tremendous
excitement for the opportunities that will come next. Sachin is a
tremendous leader with extensive financial and international management
expertise and the ideal candidate to help lead Mastercard into the
future.”

Mehra joined Mastercard in 2010 as group executive and treasurer with
responsibility for treasury strategy and operations, global settlement,
customer credit risk management and enterprise risk management. Prior to
joining Mastercard, Mehra held treasury and finance roles of increasing
responsibility at the Hess Corporation, General Motors and GMAC in New
York, Singapore, Belgium and Shanghai. He holds a Masters of Business
Administration from the Darden Business School at the University of
Virginia and received his undergraduate degree in commerce from Sydenham
College at the University of Mumbai, India.

About Mastercard

Mastercard (NYSE:MA), www.mastercard.com,
is a technology company in the global payments industry. Our global
payments processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries and
territories. Mastercard products and solutions make everyday commerce
activities – such as shopping, traveling, running a business and
managing finances – easier, more secure and more efficient for
everyone. Follow us on Twitter @MastercardNews,
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Contacts

Investor Relations: Gina Accordino, [email protected],
914-249-4565

Communications: Seth Eisen, [email protected],
914-249-3153

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