Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 1, 2021, Mastercard Incorporated ("Mastercard") announced that Ajay
Banga has joined General Atlantic, a leading global growth equity firm with more
than four decades of experience providing capital and strategic support for over
445 growth companies throughout its history, as Vice Chairman. In this role, Mr.
Banga will advise on strategic matters for the firm, its investment teams, and
its portfolio of more than 165 growth companies around the world.
In addition to his new role with General Atlantic, Mr. Banga will continue to
serve as Chairman of the International Chamber of Commerce through the end of
his term in 2022. During 2021, he accepted independent director roles with
Singaporean investment firm Temasek and with the Exor holding company, where he
serves as chair of the company's environmental, social, and corporate governance
committee.
Mr. Banga, who is retiring as Executive Chairman of Mastercard on December 31,
2021, has also recently agreed with Mastercard to serve as a consultant through
the end of 2022 for $3 million plus reasonable expenses. Under this agreement,
at the CEO's direction, he will continue to use his relationships with key
clients and influencers around the world to help rebuild connections with them,
many of which were interrupted by the pandemic.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number Exhibit Description
Cover Page Interactive Data File - the cover page interactive data file does
104 not appear in the Interactive Data File because its XBRL tags are embedded
within the Inline XBRL document.
3
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
MASTERCARD, INC. 
