Item 3. Legal Proceedings
Item 3. Legal proceedings
Refer to Note 19 (Legal and Regulatory Proceedings) to the consolidated financial statements included in Part II, Item 8.
Item 4. Mine safety disclosures
Not applicable.
MASTERCARD 2025 FORM 10-K 43
PART I
EXECUTIVE OFFICERS
Information about our executive officers
(as of February 11, 2026)
Name
Current Position
Age Previous Mastercard Experience Previous Business Experience
Ling Hai
President, Asia Pacific, Europe, Middle East & Africa
since January 2024
55 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 Bank of America (2004-2009) and Booz Allen Hamilton (1998-2003)
Jon M. Huntsman, Jr.
Vice Chairman and President, Strategic Growth
since April 2024
65 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
49 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 (2006-2008)
Jill Kramer
Chief Marketing and Communications Officer since December 2025
56 Accenture PLC:
Chief Marketing and Communications Officer (2021-2025)
Senior Managing Director, Global Brand (2019-2021)
Managing Director, Global Brand (2016-2019)
Executive Vice President and Senior Director, BBDO Worldwide (2010-2015)
Vice President, Account Director, DDB (2008-2010)
44 MASTERCARD 2025 FORM 10-K
PART I
EXECUTIVE OFFICERS
Name
Current Position Age Previous Mastercard Experience Previous Business Experience
Jorn Lambert
Chief Product Officer
since May 2024
54 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 (1995-2002)
Edward McLaughlin
President and Chief Technology Officer, Mastercard Technology
since May 2017
60 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 (2005-2009)
Group Vice President, Product and Strategy, Metavante Corporation (2002-2005)
Co-Founder and CEO, Paytrust, Inc. (1998-2002)
Sachin Mehra
Chief Financial Officer
since April 2019
55 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 (2007-2010)
Various senior treasury and finance positions at General Motors Corporation and GMAC (1996-2007)
Michael Miebach
President and Chief Executive Officer
since January 2021
58 President (2020)
Chief Product Officer (2016-2020)
President, Middle East and Africa (2010-2015)
Managing Director, Middle East and North Africa (2008-2010) and Managing Director, Sub-Saharan Africa (2007-2008), Barclays Bank PLC
Various executive positions at Citigroup in Germany, Austria, U.K. and Turkey (1994-2007)
Susan Muigai
Chief People Officer
since April 2025
56 Executive Vice President, Chief Human Resources Officer at TransUnion (2021-2025)
Various executive positions at Walmart (2005-2021)
Raj Seshadri
Chief Commercial Payments Officer
since May 2024
60 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 (2008-2012), U.S. Trust Company (2006-2008) and McKinsey & Company, Inc. (1995-2006)
MASTERCARD 2025 FORM 10-K 45
PART I
EXECUTIVE OFFICERS
Name
Current Position Age Previous Mastercard Experience Previous Business Experience
Rich Verma
Chief Administrative Officer
since May 2025
57 Chief Legal Officer and Head of Global Public Policy (2021-2023)
Executive Vice President, Global Public Policy and Regulatory Affairs (2020-2021)
Deputy Secretary of State for Management and Resources, U.S. Department of State (2023-2025)
Vice Chairman, The Asia Group (2017-2020)
U.S. Ambassador to India, U.S. Department of State (2014-2017)
Partner and Senior Counselor, Steptoe & Johnson LLP (2011-2014)
Assistant Secretary of State for Legislative Affairs, U.S. Department of State (2009-2011)
Senior National Security Advisor to U.S. Senate Majority Leader (2002-2007)
Craig Vosburg
Chief Services Officer
since May 2024
58 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 (2006-2010)
Senior member-financial services practice, Bain & Company (2002-2006) and A.T. Kearney (1997-2002)
Vice President, CoreStates Financial Corporation (1989-1995)
46 MASTERCARD 2025 FORM 10-K
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 r egarding f oreign j urisdictions that p revent i nspections
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUES PURCHASES OF EQUITY SECURITIES