Mastercard announced that Martina Hund-Mejean, Chief Financial Officer, will retire after more than a decade in the role. Sachin Mehra, chief financial operations officer, will succeed Hund-Mejean as CFO on April 1. He will report to Mastercard president and chief executive officer, Ajay Banga.

On Sachin’s appointment, CEO Ajay Banga stated, “We have always been deliberate in the way in which we develop leaders as part of our succession program. Sachin is an outstanding executive who had key roles in the finance organization and in the product organization, where he led commercial products and solutions, before returning to finance in 2018 in a broader role as chief financial operations officer. His deep knowledge of Mastercard and the marketplace will be key to continuing our Grow, Diversify and Build strategy. He has a keen understanding of the opportunities ahead of us and how best to capitalize on them.”

Mehr, who is an alumnus of the Darden Business School at the University of Virginia joined Mastercard in 2010 as group executive and treasurer with responsibility for treasury strategy and operations, global settlement, customer credit risk management, and enterprise risk management. Before joining Mastercard, Mehra held treasury and finance roles of increasing responsibility at the Hess Corporation, General Motors, and GMAC in New York, Singapore, Belgium, and Shanghai. 

Outgoing CFO Martina Hund-Mejean stated, “It’s been an honor to serve the shareholders, employees, and customers of Mastercard for the past 11 years. I look back at my tenure with pride in our accomplishments and also tremendous excitement for the opportunities that will come next. Sachin is a tremendous leader with extensive financial and international management expertise and the ideal candidate to help lead Mastercard into the future.”

Image Credits; Livemint