Mastercard’s Ajay Banga to retire on December 31

Board elects Merit Janow to serve as non-executive independent chair of the board of directors, effective January 1, 2022

Mastercard’s Ajay Banga to retire on December 31
Ajay Banga

Mastercard on Wednesday (Sept 22) announced that Ajay Banga, executive chairman, will retire on December 31, this year. The board unanimously elected Merit Janow, currently Lead Independent Director, to serve as non-executive independent chair of the board of directors, effective January 1, 2022.

“With Merit as chair and the strong foundation Michael Miebach has established as CEO, Mastercard is in incredible hands for the next phase of growth and innovation,” said Banga.