Purchase, N.Y., USA - November 4, 2015, Purchase, N.Y., USA - MasterCard announced the appointment of Craig Vosburg to president, North America markets, effective January 1, 2016.
Article continues below
Mr. Vosburg will join the company’s Executive Committee. Mr. Vosburg was most recently the company’s chief product officer, a role he held since April 1, 2014.
Mr. Vosburg brings global experience to the role gained through a decade of working in the Asia Pacific region with MasterCard and earlier in his career with Bain & Company and A.T. Kearney.
He joined MasterCard in 2006 as head of MasterCard Advisors in Southeast Asia, Greater China, and South Asia/Middle East/Africa.
In 2008, he was named managing director of the MasterCard Advisors business in the U.S. and Canada. In 2010, he was named group executive, U.S. Market Development, responsible for managing and building relationships within the merchant and acquiring community.
Mr. Vosburg began his career working in commercial banking at CoreStates Financial Corporation.
He is a past David Rockefeller Fellow at the Partnership for New York City and currently sits on the Board of Directors of the New York Botanical Garden.
He holds a Master of Business Administration from The Wharton School at the University of Pennsylvania and a Bachelor of Science in Business Administration from Bucknell University.
This appointment comes as Chris McWilton announced he will leave MasterCard on December 31.
Mr. McWilton joined MasterCard in 2003 as corporate controller and was appointed chief financial officer in October of the same year. As CFO, Mr. McWilton played a critical role in the company’s successful initial public offering (IPO) in May 2006. The MasterCard IPO was the largest domestic IPO of 2006 and the 12th largest domestic IPO in U.S. history at the time.
He was named president of MasterCard Global Accounts in 2007, managing relationships for the company’s largest customers. He was then appointed president of U.S. Markets in 2009, before assuming North American responsibilities in 2013.
Prior to joining MasterCard, Mr. McWilton had a 22-year career with KPMG, where he specialized in financial and SEC reporting and was an SEC reviewing partner.
Changes to Global Product and Middle East and Africa Leadership
Effective January 1, Michael Miebach will assume the role of chief product officer for the company, replacing Mr. Vosburg, and will be based in New York.
He currently serves as president, Middle East and Africa. Before joining MasterCard in 2010, Mr. Miebach held several global positions including with Barclays, where he was the managing director for Middle East and North Africa and managing director for Barclays Africa. He also held senior-level positions at Citibank, responsible for Germany, Austria, UK and Turkey.
Raghu Malhotra will become president, Middle East and Africa as of January 1.
Previously overseeing Middle East and North Africa, Mr. Malhotra will now add supervision of sub-Saharan Africa and South Africa markets to his responsibilities. Since 2000, he has led several teams across South Asia, India and the Middle East and Africa. ■