Michael Miebach

President and Chief Executive Officer at Mastercard

Since January 2021

Age

57 years

Tenure

Joined Mastercard in 2010 and held roles including President for Middle East and Africa (2010-2015), Chief Product Officer (2016-2020), and President (2020) before being appointed as President and Chief Executive Officer in January 2021.

Also at Mastercard

Craig Vosburg

Chief Services Officer

Edward McLaughlin

President and Chief Technology Officer

Jorn Lambert

Chief Product Officer

About

Michael Miebach is currently serving as the President and Chief Executive Officer of Mastercard, having joined the company in 2010. His long-standing career at Mastercard is marked by a series of key leadership roles that paved the way for his appointment as CEO in January 2021.

During his tenure, he notably contributed as President for the Middle East and Africa region from 2010 to 2015, served as Chief Product Officer from 2016 to 2020, and held the role of President in 2020. These roles highlight his progression and the significant responsibilities he has managed over the years.

Before his time at Mastercard, he gained considerable experience in the financial services sector through senior positions at Barclays Bank PLC and Citigroup, where he oversaw operations across multiple regions including the Middle East, North Africa, and parts of Europe.

Although the documents do not provide details regarding his personal background or education, his professional journey clearly underscores a strong record of leadership, innovation, and regional expertise in the global payments industry.

$MA Performance Under Michael Miebach

Past Roles

Organization	Role	Date Range	Details
Mastercard	President	Feb 2020 - Dec 2020	N/A
Mastercard	Chief Product Officer	Jan 2016 - Feb 2020	N/A
Mastercard	President, Middle East and Africa	2010 - 2015	N/A
Barclays Bank PLC	Managing Director, Middle East and North Africa	2008 - 2010	N/A
Barclays Bank PLC	Managing Director, Sub-Saharan Africa	2007 - 2008	N/A
Citigroup	Executive Positions	1994 - 2007	Held several executive roles in Germany, Austria, U.K., and Turkey

External Roles

Organization	Role	Date Range	Details
Accion.org	Director	N/A	N/A
Metropolitan Opera	Advisory Director	N/A	N/A
World Resources Institute	Director	N/A	N/A
U.S. Treasury’s Advisory Committee on Racial Equity	Member	N/A	N/A
International Business Machines Corporation (IBM)	Director	N/A	Serves on the directors and corporate governance committee

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,237,500	Annual 2023	Fixed annual salary.
Perquisites & Other Compensation	$185,171	Annual 2023	Includes personal use of a leased corporate aircraft ($164,977 ) and company-leased car ($20,194 ).
Defined Contribution Plans	$123,751	Annual 2023	Includes Savings Plan matching contributions ($33,001 ) and Restoration Program contributions ($90,750 ).
Insurance Premiums	$5,171	Annual 2023	Premiums for executive life insurance coverage paid by Mastercard.

Performance Compensation

Data from FY 2023

Annual Incentive

Metric	Value	Details
Threshold Payout	$1,250,000	Minimum performance level required for payout.
Target Payout	$2,500,000	Represents 200% of base salary.
Maximum Payout	$6,250,000	Cap at 250% of target payout.
Actual Payout	$4,060,000	Earned based on performance results.
Corporate Score	116%	Calculated based on adjusted net income and revenue (2/3 and 1/3 weights), adjusted with a 5% ESG boost and a -3% strategic adjustment.
Evaluation Metrics	Adjusted Net Income and Adjusted Net Revenue	Metrics used to determine the financial score.
Evaluation Period	2023 (Fiscal Year)	Performance measured over the fiscal year 2023.

Equity-Based Long-Term Incentives (LTI)

The LTI awards combine performance-based and time-based elements under Mastercard’s LTIP, granted on March 1, 2023.

Performance Stock Units (PSUs)

Component	Metric/Value	Details
Grant Date	March 1, 2023	Date of PSU grant.
Grant Date Fair Value	$11,850,000	Fair value assigned to the PSU component.
Grant Date Stock Price	$353.50 per share	Stock price on grant day.
Vesting Schedule	Vest in full on March 1, 2026	Based on Mastercard’s performance from 2023 to 2025.
Share Quantities	Threshold: 16,761 shares, Target: 33,522 shares, Maximum: 67,044 shares	Payout units vary by performance over the three-year period.
Performance Metrics	50% weight each on Adjusted Net Revenue Growth and Adjusted EPS Growth; payout range per metric: 0%-150%, with a relative TSR modifier up to ±50%	Targets are based on financial and market performance, with additional adjustments via TSR.

Restricted Stock Units (RSUs)

Component	Metric/Value	Details
Grant Date	March 1, 2023	Date of RSU grant.
Grant Date Fair Value	$3,950,000	Fair value assigned to the RSU component.
Vesting Schedule	33.33% vesting on March 1 of 2024, 2025, and 2026	Time-based vesting in equal installments over three years.

Stock Options

Component	Metric/Value	Details
Grant Date	March 1, 2023	Date of stock option grant.
Grant Date Fair Value	$3,950,064	Fair value assigned to the stock option component.
Grant Date Stock Price	$353.50 per share	Exercise price determined by the closing price on the grant date.
Vesting Schedule	33.33% vesting on March 1 of 2024, 2025, and 2026	Time-based vesting in equal installments over three years.
Exercise Price	$353.50 per share	Price at which the options can be exercised.
Term	10-year term, expiring March 1, 2033	Options are exercisable within a 10-year period.