MasterCard appoints head of European region

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He will be responsible for the strategy, directions and development of all aspects of the company’s business in the region

MasterCard appointed the head of the company’s European region. Photo: cityam.com

MasterCard Payment Systems announced the appointment of Mark Barnett as President of MasterCard, a European region headquartered in Brussels. According to the company’s press service, Barnett will be responsible for the strategy, directions and development of all aspects of MasterCard’s business in the region.

According to MasterCard, the company’s activities in Europe currently cover 53 countries and more than 950 million users, with the company working closely with retailers, financial institutions and other partners. Mark Barnett will report to MasterCard International Markets President Gilberto Caldart and take over the company on June 1, 2020.


Gilberto Caldart
President of MasterCard International Markets

Mark Barnett has over 20 years of experience in the payments and retail banking sectors. He joined MasterCard in 2003 and has held various positions in the company since then, including managing the company’s consulting services in Europe, and then globally. Prior to his new appointment, Barnett led MasterCard in the UK, Ireland, the Nordic countries and the Baltic states.

Barnett will replace Javier Perez, the current president of MasterCard Europe, who will resign later this year. Javier Perez has been with MasterCard since 1996, and before becoming President of European Region MasterCard – a position he held for the past 15 years – he held various leadership positions in the organization.

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Earlier we wrote that Ajay Banga, president and chief executive officer of MasterCard Include, would step down, which he held for 11 years as the executive chairman of the company’s supervisory board. The website of the International Payment System indicated that Banga would start performing duties on 1 January 2021. MasterCard’s board of directors unanimously chose Michael Maybach, director of product and innovation, who will now oversee payment solutions provider, sales, marketing, products, services and technologies.

Read: A new problem for small businesses: Visa and MasterCard plan to increase tariffs


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