MasterCard Names Craig Vosburg, President, North America Markets, Succeeding Chris McWilton
November 03 2015 - 8:00AM
Business Wire
MasterCard today announced the appointment of Craig Vosburg to
president, North America Markets, effective January 1, 2016. This
appointment comes as Chris McWilton announced he will leave
MasterCard on December 31.
McWilton joined MasterCard in 2003 as corporate controller and
was appointed chief financial officer in October of the same year.
As CFO, McWilton played a critical role in the company’s successful
initial public offering (IPO) in May 2006. The MasterCard IPO was
the largest domestic IPO of 2006 and the 12th largest domestic IPO
in U.S. history at the time.
He was named president of MasterCard Global Accounts in 2007,
managing relationships for the company's largest customers. He was
then appointed president of U.S. Markets in 2009, before assuming
North American responsibilities in 2013.
Prior to joining MasterCard, McWilton had a 22-year career with
KPMG, where he specialized in financial and SEC reporting and was
an SEC reviewing partner.
“I want to acknowledge Chris’s contributions to the growth and
evolution of MasterCard,” said Ajay Banga, president and chief
executive officer, MasterCard. “I’d also like to personally thank
him for his commitment over the years in helping to make our
company what it is today. The entire company joins me in wishing
Chris and his family all the best going forward.”
As president, North America Markets, Vosburg will oversee the
company's customer-facing activities in the United States and
Canada, including sales, business development, strategy and
relationship management with issuers, merchants, governments and
acquirers. He will join the company’s Executive Committee.
Vosburg, 48, was most recently the company’s chief product
officer, a role he held since April 1, 2014. In this role, he led
the development, commercialization and management of the company’s
global Core Products offerings which include consumer credit and
debit, commercial, prepaid and loyalty solutions.
“I’m pleased to announce Craig’s appointment. His experience,
both global and domestic, make him the ideal person to drive our
business forward,” said Banga. “I’m confident Craig will have great
success in his new role.”
Vosburg brings global experience to the role gained through a
decade of working in the Asia Pacific region with MasterCard and
earlier in his career with Bain & Company and A.T. Kearney.
Vosburg joined MasterCard in 2006 as head of MasterCard Advisors
in Southeast Asia, Greater China, and South Asia/Middle
East/Africa. In 2008, he was named managing director of the
MasterCard Advisors business in the U.S. and Canada. In 2010,
Vosburg was named group executive, U.S. Market Development,
responsible for managing and building relationships within the
merchant and acquiring community.
He began his career working in commercial banking at CoreStates
Financial Corporation.
Vosburg is a past David Rockefeller Fellow at the Partnership
for New York City and currently sits on the Board of Directors of
the New York Botanical Garden. He holds a Master of Business
Administration from The Wharton School at the University of
Pennsylvania and a Bachelor of Science in Business Administration
from Bucknell University.
Changes to Global Product and Middle East and Africa
Leadership
Effective January 1, Michael Miebach will assume the role of
chief product officer for the company, replacing Vosburg, and will
be based in New York. He currently serves as president, Middle East
and Africa, responsible for driving the evolution of payments and
delivering increased value to MasterCard stakeholders in markets
across the region.
Before joining MasterCard in 2010, Miebach held several global
positions including with Barclays, where he was the managing
director for Middle East and North Africa and managing director for
Barclays Africa. He also held senior-level positions at Citibank,
responsible for Germany, Austria, UK and Turkey.
Raghu Malhotra will become president, Middle East and Africa as
of January 1. Previously overseeing Middle East and North Africa,
Malhotra will now add supervision of sub-Saharan Africa and South
Africa markets to his responsibilities.
Since 2000, he has led several teams across South Asia, India
and the Middle East and Africa. Prior to joining MasterCard,
Malhotra served in a variety of leadership roles across the
consumer franchise and financial services businesses for Citigroup,
American Express and ANZ Grindlays Bank.
About MasterCard
MasterCard (NYSE:MA), www.mastercard.com, is a technology
company in the global payments industry. We operate the world’s
fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in
more than 210 countries and territories. MasterCard’s 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, join the discussion on the Beyond the Transaction
Blog and subscribe for the latest news on the Engagement
Bureau.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151103005978/en/
MasterCardSeth Eisen, 914-249-3153seth_eisen@mastercard.com
MasterCard (NYSE:MA)
Historical Stock Chart
From Mar 2024 to Apr 2024
MasterCard (NYSE:MA)
Historical Stock Chart
From Apr 2023 to Apr 2024