Item 3. Legal Proceedings
Item 3. Legal proceedings
Refer to Note 13 (Accrued Expenses and Accrued Litigation) and Note 21 (Legal and Regulatory Proceedings) to the consolidated financial statements included in Part II, Item 8.
Item 4. Mine safety disclosures
Not applicable.
MASTERCARD 2024 FORM 10-K 41
PART I
EXECUTIVE OFFICERS
Information about our executive officers
(as of February 12, 2025)
Name
Current Position
Age Previous Mastercard Experience Previous Business Experience
Ling Hai
President, Asia Pacific, Europe, Middle East & Africa
since January 2024
54 Co-President, International Markets (2022-2023)
Co-President, Asia Pacific (2015-2021)
President, Enterprise Development (2014-2015)
President, Greater China (2010-2014)
Various roles at Booz Allen Hamilton and Bank of America
Jon M. Huntsman, Jr.
Vice Chair and President, Strategic Growth
since April 2024
64 Vice Chair, Policy, Ford Motor Company (2021-2022)
U.S. Federal Government:
U.S. Ambassador to Russia (2017-2019); U.S. Ambassador to China (2009-2011); U.S. Trade Ambassador (2001-2003); U.S. Ambassador to Singapore (1992-1993)
Chairman, Atlantic Council (2014-2017)
Chairman, Huntsman Cancer Foundation (2012-2017)
Governor of Utah (2005-2009)
Linda Kirkpatrick
President, Americas
since January 2024
48 President, North America (2021-2023)
President, U.S. Issuers (2020)
Executive Vice President, Merchants and Acceptance (2016-2020)
Senior Vice President, Core Merchants (2013-2016)
Senior Vice President, Franchise Development (2011-2013)
Vice President, U.S. Region (2008-2011)
Vice President, Investor Relations
Jorn Lambert
Chief Product Officer
since May 2024
53 Chief Digital Officer (2020-2024)
Executive Vice President, Digital Solutions (2018-2020)
Executive Vice President, Digital Channels (2013-2018)
Group Head, Emerging Payments, Europe (2002-2013)
Various roles at Clearstream
Edward McLaughlin
President and Chief Technology Officer, Mastercard Technology
since May 2017
59 Chief Information Officer (2016-2017)
Chief Emerging Payments Officer (2010-2015)
Various senior leadership roles, including Chief Franchise Development Officer and Senior Vice President, Bill Payment and Healthcare
Group Vice President, Product and Strategy, Metavante Corporation
Co-Founder and CEO, Paytrust, Inc.
42 MASTERCARD 2024 FORM 10-K
PART I
EXECUTIVE OFFICERS
Name
Current Position Age Previous Mastercard Experience Previous Business Experience
Sachin Mehra
Chief Financial Officer
since April 2019
54 Chief Financial Operations Officer (2018-2019)
Executive Vice President, Commercial Products (2015-2018)
Executive Vice President and Business Financial Officer, North America (2013-2015)
Corporate Treasurer (2010-2013)
Various senior positions at Hess Corporation, including Vice President and Treasurer
Various senior treasury and finance positions at General Motors Corporation and GMAC
Michael Miebach
President and Chief Executive Officer
since January 2021
57 President (2020)
Chief Product Officer (2016-2020)
President, Middle East and Africa (2010-2015)
Managing Director, Middle East and North Africa and Managing Director, Sub-Saharan Africa, Barclays Bank PLC
Various executive positions at Citigroup in Germany, Austria, U.K. and Turkey
Tim Murphy
Chief Administrative Officer
since April 2021
57 General Counsel (2014-2021)
Chief Product Officer (2009-2014)
Various senior leadership roles, including President, U.S. Region; Executive Vice President, Customer Business Planning and Analysis; and Senior Vice President and Associate General Counsel
Associate, Cleary, Gottlieb, Steen and Hamilton, New York and London
Raja Rajamannar
Chief Marketing and Communications Officer since May 2024
63 President, Healthcare (2016-2024)
Chief Marketing Officer (2013-2015)
Executive Vice President-Senior Business and Chief Transformation Officer, Anthem (formerly, WellPoint, Inc.) (2012- 2013)
Senior Vice President and Chief Innovation and Marketing Officer, Humana Inc. (2009-2012)
Various management positions at Citigroup, including Executive Vice President and Chief Marketing Officer-Citi Global Cards
Raj Seshadri
Chief Commercial Payments Officer
since May 2024
59 President, Data and Services (2020-2024)
President, U.S. Issuers (2016-2019)
Managing Director, Head of iShares U.S. Wealth Advisory business, BlackRock (2014-2016)
Managing Director, Global Marketing Officer of iShares, BlackRock, Inc. (2012-2014)
Various leadership positions at Citigroup, U.S. Trust Company and McKinsey & Company, Inc.
Craig Vosburg
Chief Services Officer
since May 2024
57 Chief Product Officer (2021-2024)
President, North America (2016-2020)
Chief Product Officer (2014-2015)
Executive Vice President, U.S. Market Development (2010-2014)
Various senior leadership roles, including Head of Mastercard Advisors, U.S. and Canada and Head of Mastercard Advisors, Southeast Asia, Greater China and South Asia/Middle East/Africa
Senior member-financial services practice, Bain & Company and A.T. Kearney
Vice President, CoreStates Financial Corporation
MASTERCARD 2024 FORM 10-K 43
PART II
Item 5. Market for registrant’s common equity, related stockholder matters and issuer purchases of equity securities
Item 6. Reserved
Item 7. Management’s discussion and analysis of financial condition and results of operations
Item 7A. Quantitative and qualitative disclosures about market risk
Item 8. Financial statements and supplementary data
Item 9. Changes in and disagreements with accountants on accounting and financial disclosure
Item 9A. Controls and procedures
Item 9B. Other information
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUES PURCHASES OF EQUITY SECURITIES