MasterCard Nominates 12 Candidates for Election to Board of Directors
April 29 2016 - 1:47PM
Business Wire
Oki Matsumoto Proposed to be Added to the
Board
MasterCard Incorporated (NYSE:MA) today announced that its Board
of Directors has nominated Oki Matsumoto for election as an
independent director at the company's June 28, 2016 annual meeting
of stockholders. If elected, along with each of the company's
existing directors, the Board will have 12 members.
“We believe Oki’s global perspective, entrepreneurial mindset
and extensive experience driving innovation in online financial
services will complement the current Board skills,” said Richard
Haythornthwaite, chairman of the Board, MasterCard. “As people and
businesses interact and transact more through digital channels,
these insights will help guide the company’s future, building on
our foundation of convenience and security.”
Matsumoto is chairman and chief executive officer of Monex
Group, one of Japan’s leading online investment banking and asset
management companies, a company he founded in 1999. Matsumoto began
his career at Salomon Brothers, before joining Goldman Sachs in
1990. He was named the youngest-ever general partner at the time in
1994, eventually rising to be co-head of the firm’s Tokyo Branch’s
FX & Fixed Income business. In addition to his roles on the
boards of Kakaku.com and JIN CO., Matsumoto is a former member of
the economic council to the Japanese prime minister and the board
of the Tokyo Stock Exchange.
MasterCard also announced that, as part of a periodic board
review and refreshment, current directors Marc Olivié and Edward
Suning Tian will not seek re-election. All other members of the
current Board will stand for re-election.
“Both Marc and Ed have been key members of the Board since our
initial public offering ten years ago,” said Ajay Banga, president
and CEO, MasterCard. “Their global perspectives and experiences
across a wide range of consumer and business segments have been
integral in helping to guide the company on our evolution and
expansion. The entire Board joins me in thanking them for their
guidance and wish them all the best.”
About MasterCard Incorporated
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 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
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Bureau.
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version on businesswire.com: http://www.businesswire.com/news/home/20160429005975/en/
MasterCardInvestor Relations:Matt Lanford,
914-249-4565investor.relations@mastercard.comorMedia Relations:Seth
Eisen, 914-249-3153seth.eisen@mastercard.com
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