Item 4. Mine Safety Disclosures
12K characters. Original on sec.gov · Markdown
Item 4. Mine Safety Disclosures
Not applicable.
MASTERCARD 2019 FORM 10-K 31
PART I
EXECUTIVE OFFICERS
Information about our executive officers
(as of February 14, 2020)
| Name Current Position | Age | Previous Mastercard Experience | Previous Business Experience | |||
| Ajay BangaPresident &**Chief Executive Officersince July 2010 | 60 | President and COO (2009-2010) | Executive positions at Citigroup (1996-2009), including CEO, Asia Pacific region; Chairman and CEO, International Global Consumer Group; Executive Vice President, Global Consumer Group; President, Retail Banking, North America; and business head for CitiFinancial and the U.S. Consumer Assets Division Previous experience at Nestlé India and PepsiCo totaling 15 years, in roles of increasing responsibility | |||
| Ajay BhallaPresident, Cyber and**Intelligence Solutionssince November 2018 | 54 | President, Enterprise Security Solutions (2014- 2018) President, Digital Gateway Services (2011-2013) President, South Asia and Southeast Asia (2008-2011) President, Southeast Asia (2002-2007) Country Manager, Singapore and Head of Marketing, Southeast Asia (1997-2002) Vice President (1993-1997) | Various leadership positions at HSBC and Xerox Corporation (1988-1993) | |||
| Ann CairnsVice Chairmansince June 2018 | 63 | President, International (2011-2018) | Managing director, Alvarez & Marsal (led the European team managing the estate of Lehman Brothers Holdings International through the Chapter 11 process in Europe) (2002-2008) CEO, ABN AMRO Senior corporate and investment banking roles at Citigroup Research scientist and engineer for British Gas | |||
| Gilberto CaldartPresident, Internationalsince June 2018 | 60 | President, Latin America and Caribbean region (2013-2018) Division President, South Latin America/Brazil (2008-2013) | Various leadership positions at Citigroup, including Country Business Manager, Brazil (2002-2008) | |||
| Michael FraccaroChief People Officersince July 2016 | 54 | Executive Vice President, Human Resources, Global Products and Solutions (2014-2016) Senior Vice President, Human Resources, Global Products and Solutions (2012-2014) | Various executive-level human resources positions at HSBC Group, Hong Kong, a banking and financial services firm (2000-2012) Prior senior human resources positions in banking and financial services in Australia and the Middle East |
32 MASTERCARD 2019 FORM 10-K
PART I
EXECUTIVE OFFICERS
| Name Current Position | Age | Previous Mastercard Experience | Previous Business Experience | |||
| Michael FromanVice Chairman and President, Strategic Growth since April 2018 | 57 | Mr. Froman joined the Company in April 2018 in his current role | U.S. Trade Representative in the Executive Office of President Obama (2013-2017) Assistant to the President and Deputy National Security Advisor for International Economic Policy (2009-2013) Various executive positions at Citigroup (1999-2009), including CEO, CitiInsurance and COO of Citigroup’s alternative investments business | |||
| Edward McLaughlinPresident, Operations and Technologysince May 2017 | 54 | Chief Information Officer (2016-2017) Chief Emerging Payments Officer (2010-2015) Chief Franchise Development Officer (2009-2010) Senior Vice President, Bill Payment and Healthcare (2005-2009) | Group Vice President, Product and Strategy, Metavante Corporation (financial services technology company) (2002-2005) Co-Founder and CEO, Paytrust, Inc. (online payments company acquired by Metavante Corporation in 2002) (1998-2002) | |||
| Sachin MehraChief Financial Officersince April 2019 | 49 | 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) | Vice President and Treasurer, Hess Corporation (2008-2010) Vice President and Deputy Treasurer, Hess Corporation (2007-2008) Various treasury and finance positions of increasing responsibility, General Motors Corporation and GMAC (1996-2007) | |||
| Michael MiebachChief Product Officersince January 2016 | 52 | President, Middle East and Africa (2010-2015) | Managing Director, Middle East and North Africa, Barclays Bank PLC (2008-2010) Managing Director, Sub-Saharan Africa, Barclays Bank PLC (2007-2008) Various executive positions at Citigroup in Germany, Austria, U.K. and Turkey (1994-2007) | |||
| Tim MurphyGeneral Counselsince April 2014 | 52 | Chief Product Officer (2009-2014) President, U.S. Region (2007-2009) Executive Vice President, Customer Business Planning and Analysis (2006- 2007) Senior Vice President and Associate General Counsel (2002-2006) | Associate, Cleary, Gottlieb, Steen and Hamilton, New York and London | |||
| Raja RajamannarChief Marketing and Communications Officer and President, Healthcaresince January 2016 | 58 | Chief Marketing Officer (2013-2015) | Executive Vice President-Senior Business and Chief Transformation Officer, Anthem (formerly, WellPoint, Inc.) (2012- 2013) Senior Vice President and Chief Innovation and Marketing Officer, Humana Inc. (2009-2012) Various management positions at Citigroup (1994-2009), including Executive Vice President and Chief Marketing Officer-Citi Global Cards (2008-2009) |
MASTERCARD 2019 FORM 10-K 33
PART I
EXECUTIVE OFFICERS
| Name Current Position | Age | Previous Mastercard Experience | Previous Business Experience | |||
| Raj SeshadriPresident, Data and Servicessince January 2020 | 54 | President, U.S. Issuers (2016-2019) | Managing Director, Head of iShares U.S. Wealth Advisory business, BlackRock (2014-2016) | |||
| Kevin StantonChief Transformation Officersince January 2020 | 58 | Chief Services Officer (2018-2019) President, Mastercard Advisors (2010-2017) President, Canada (2004-2010) Senior Vice President, Strategy and Market Development (2002-2004) Vice President, Senior Counsel and North America Region Counsel (1995-2002) | ||||
| Craig VosburgPresident, North Americasince January 2016 | 52 | Chief Product Officer (2014-2015) Executive Vice President, U.S. Market Development (2010-2014) Head of Mastercard Advisors, U.S. and Canada (2008-2010) Head of Mastercard Advisors, Southeast Asia, Greater China and South Asia/Middle East/Africa (2006-2008) | Senior member-financial services practice, Bain & Company (2002-2006) and A.T. Kearney (1997-2002) Vice president, CoreStates Financial Corporation (1989-1995) |
34 MASTERCARD 2019 FORM 10-K
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUES PURCHASES OF
Item 5. Market for registrant’s common equity, related stockholder matters and issuer purchases of equity securities
Our Class A common stock trades on the New York Stock Exchange under the symbol “MA”. At February 11, 2020, we had 68 stockholders of record for our Class A common stock. We believe that the number of beneficial owners is substantially greater than the number of record holders because a large portion of our Class A common stock is held in “street name” by brokers.
There is currently no established public trading market for our Class B common stock. There were approximately 271 holders of record of our non-voting Class B common stock as of February 11, 2020, constituting approximately 1.1% of our total outstanding equity.
Stock Performance Graph
The graph and table below compare the cumulative total stockholder return of Mastercard’s Class A common stock, the S&P 500 Financials and the S&P 500 Index for the five-year period ended December 31, 2019. The graph assumes a $100 investment in our Class A common stock and both of the indices and the reinvestment of dividends. Mastercard’s Class B common stock is not publicly traded or listed on any exchange or dealer quotation system.
Comparison of cumulative five-year total return

Total returns to stockholders for each of the years presented were as follows:
| Base period | Indexed Returns | |||||||||||||||||||||||
| For the Years Ended December 31, | ||||||||||||||||||||||||
| Company/Index | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | ||||||||||||||||||
| Mastercard | $ | 100.00 | $ | 113.80 | $ | 121.67 | $ | 179.67 | $ | 225.17 | $ | 358.38 | ||||||||||||
| S&P 500 Financials | 100.00 | 98.47 | 120.92 | 147.75 | 128.50 | 169.78 | ||||||||||||||||||
| S&P 500 Index | 100.00 | 101.38 | 113.51 | 138.29 | 132.23 | 173.86 |
36 MASTERCARD 2019 FORM 10-K
PART II
Previous: Item 3. Legal proceedings · Next: Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUES PURCHASES OF