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    Michael Miebach

    President and Chief Executive Officer at Mastercard Inc
    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 Inc

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    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

    OrganizationRoleDate RangeDetails
    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

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

    Performance Compensation

    Data from  FY 2023

    Annual Incentive

    MetricValueDetails
    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 Score116% 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 MetricsAdjusted Net Income and Adjusted Net Revenue Metrics used to determine the financial score.
    Evaluation Period2023 (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)

    ComponentMetric/ValueDetails
    Grant DateMarch 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 ScheduleVest in full on March 1, 2026 Based on Mastercard’s performance from 2023 to 2025.
    Share QuantitiesThreshold: 16,761 shares, Target: 33,522 shares, Maximum: 67,044 shares Payout units vary by performance over the three-year period.
    Performance Metrics50% 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)

    ComponentMetric/ValueDetails
    Grant DateMarch 1, 2023 Date of RSU grant.
    Grant Date Fair Value$3,950,000 Fair value assigned to the RSU component.
    Vesting Schedule33.33% vesting on March 1 of 2024, 2025, and 2026 Time-based vesting in equal installments over three years.

    Stock Options

    ComponentMetric/ValueDetails
    Grant DateMarch 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 Schedule33.33% 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.
    Term10-year term, expiring March 1, 2033 Options are exercisable within a 10-year period.