Michael Miebach took over as CEO on January 1, 2021, succeeding Ajay Banga, who became the Executive Chairman of MasterCard Incorporated.
Michael Miebach has been with MasterCard since 2010, holding various leadership roles within the company. Before becoming the CEO, he served as the Chief Product Officer, where he was responsible for overseeing the management and development of the company's core payment solutions.
Mastercard Incorporated is a leading global technology company specializing in electronic payment solutions and services. The company was originally established in 1966 as Interbank Card Association (ICA) by a group of banks in response to the launch of BankAmericard (now Visa). In 1979, ICA changed its name to MasterCard International, and the company went public in 2006 as Mastercard Incorporated. The company is headquartered in Purchase, New York.