Ajay Banga named Mastercard chairman

Tribune Web Desk

Updated At : 12:48 PM Feb 26, 2020 IST

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New York: Mastercard is naming an insider as its new CEO. Michael Miebach, who is currently the company’s chief product officer, will takeover from CEO Ajay Banga to start 2021. Banga will become the company’s executive chairman, replacing the retiring Richard Haythornthwaite. Miebach will also get a seat on the Board at the company, based in Purchase, New York. AP

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