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Key people

ROBERT W. SELANDER, Executive Vice Chairman

Robert W. Selander is executive vice chairman and member of the board of directors of MasterCard.

From April 1997 to June 2010, Mr. Selander served as chief executive officer, spearheading key strategic initiatives that significantly advanced the company’s position as a leader and innovator in the global payments industry.

Foremost on Mr. Selander’s list of accomplishments is his vital role in navigating MasterCard’s transition from a membership association to a publicly traded company. Mr. Selander led all aspects of the multi-year transition, which began in 2002 with the company’s conversion to a private-share corporation following its successful integration with Europay International. The company’s transition to a publicly traded enterprise was completed in May 2006, marked by MasterCard’s initial public offering on the New York Stock Exchange – the largest domestic IPO of the year, as well as the 12th largest domestic IPO in U.S. history at the time.

Mr. Selander also championed the unveiling of a new corporate brand and corporate identity–MasterCard Worldwide–positioning the company as a global leader at The Heart of Commerce™. Under his guidance, the world-renowned MasterCard® brand was revitalized with the launch of the now famous Priceless® advertising campaign, which has appeared in over 100 countries and more than 50 languages. Mr. Selander implemented a company-wide customer-focused strategy; guided MasterCard’s entrance into the commercial card market; and oversaw the formation of MasterCard Advisors™, the only consultancy solely dedicated to the payments industry. Throughout his tenure, he has backed numerous programs to address the evolving needs of modern commerce, including the continued expansion of innovative payment options, such as MasterCard PayPass™. He has also made substantial investments in technology, building a second-to-none payments-processing platform.

In addition to serving as CEO, Mr. Selander served as president from April 1997 until August 2009. From 1994 to 1997, he served as executive vice president and president of the company’s Europe, Middle East/Africa, and Canada Regions. During that time, MasterCard significantly bolstered its brand in Europe through its strategic alliance with Europay and by converting the Access brand in the United Kingdom to the MasterCard brand.

Before joining MasterCard in October 1994, Mr. Selander spent 20 years with Citicorp/Citibank, N.A. In his last position, he had been the director of Global Retail Strategy. Prior to that, he held responsibility for several consumer businesses operating in North America and Europe.

Mr. Selander holds a bachelor of science degree in industrial engineering from Cornell University and a master’s degree in business from Harvard University. He sits on the board of directors for The Financial Services Roundtable and is a member of the Business Roundtable and the Committee Encouraging Corporate Philanthropy.

Ajay Banga, President and Chief Executive Officer

Ajay Banga is president and chief executive officer of MasterCard, as well as a member of the board of directors. He also leads the company’s executive committee.

Mr. Banga joined MasterCard as president and chief operating officer in late August 2009. In April 2010, he was named President and CEO, effective July 1, 2010.

Before joining MasterCard, Mr. Banga served as Chief Executive Officer of Citigroup’s Asia Pacific Region. In that role, he was responsible for all of the company’s business lines in the region, including institutional banking, alternative investments, wealth management, consumer banking, and credit cards. He was also a member of Citi’s senior leadership and executive committees.

Mr. Banga joined Citigroup in 1996 and served in a variety of positions of increasing responsibility. These included chairman and chief executive officer of the International Global Consumer Group; president of Retail Banking North America; business head for CitiFinancial and the U.S. Consumer Assets Division; and, division executive for the consumer bank in Central/Eastern Europe, Middle East, Africa, and India.

Prior to Citigroup, Mr. Banga spent 13 years with Nestle, India, where he held a variety of assignments spanning sales, marketing, and general management. He also spent two years at Pepsico, where he was instrumental in launching Pepsico’s international fast food franchises in India as the economy liberalized.

Mr. Banga currently serves on the board of directors of Kraft Foods and on the board of trustees of the Asia Society. He is a member of the Council on Foreign Relations and The Economic Club of New York, as well as a fellow of the Foreign Policy Association. He is also a member of the Financial Services Roundtable.

Mr. Banga has a keen interest in social development issues and has served on the boards of trustees of Enterprise Community Partners and the National Urban League and was vice chairman of the board of trustees for the New York Hall of Science. He was also a director for the Council for Economic Education and business sponsor of Citi's African heritage network, NYC. In addition, from 2005 to mid-2009, he spearheaded Citi's strategy in the microfinance sector around the world.

Mr. Banga received a B.A. in economics from Delhi University where he graduated with honors. He is also an alumnus of the Indian Institute of Management, Ahmedabad.

Martina Hund-Mejean, Chief Financial Officer

Martina Hund-Mejean, age 49, is Chief Financial Officer of MasterCard Incorporated and MasterCard International Incorporated. Prior to becoming Chief Financial Officer in November 2007, Ms. Hund-Mejean served as Senior Vice President and Treasurer of Tyco International Ltd from December 2002 until November 2007. Prior to joining Tyco International Ltd, she was Senior Vice President and Treasurer of Lucent Technologies Inc. (now Alcatel-Lucent). From 1988 to 2000, Ms. Hund-Mejean held a series of finance positions of increasing responsibility at General Motors Corporation, both in the U.S. and U.K., including Assistant Treasurer from 1998 to 2000. She began her corporate career as a credit analyst at Dow Chemical in Frankfurt, Germany. Ms. Hund-Mejean serves as a director of Prudential Financial Inc., a life insurance company.