MasterCard Names Ron Garrow Chief Human Resources Officer; Stephanie Voquer to Retire

  MasterCard Names Ron Garrow Chief Human Resources Officer; Stephanie Voquer
  to Retire

                     Moves Become Effective April 1, 2013

Business Wire

PURCHASE, N.Y. -- January 30, 2013

MasterCard today announced the appointment of Ron Garrow as Chief Human
Resources Officer and member of the company’s Executive Committee, effective
April 1, 2013. Garrow’s appointment comes as Stephanie Voquer has announced
her retirement.

Ron Garrow, Group Executive of Global Human Resources Plans and Programs,
MasterCard Worldwide to be ...

Ron Garrow, Group Executive of Global Human Resources Plans and Programs,
MasterCard Worldwide to be appointed to Chief Human Resources Officer (Photo:
Business Wire)

Garrow, 49, joined MasterCard in March 2010, reporting to Voquer, as Group
Head, Global Talent Acquisition Management and Development. In 2011, Garrow
was named Group Executive of Global Human Resources Plans and Programs, which
included oversight of Rewards, Workforce Programs, Employee Relations and
Human Resources Services and Solutions.

Prior to MasterCard, Garrow held various Human Resources leadership positions
at Bank of America over a six-year period, culminating in the position of
Chief Learning Officer. He also spent 19 years at Wachovia in various Human
Resources roles focused on training, leadership and executive development.

Voquer, 61, retires April 1, 2013, after eight years with the company. She
will be returning to France, where she lived and worked much of her career.
Voquer joined MasterCard Europe in February 2005 in Waterloo, Belgium, as the
Regional Head of Human Resources, Europe. She moved to MasterCard’s
headquarters in Purchase, New York, in 2007 to lead Human Resources’ Strategy
and Operations. Voquer became MasterCard’s first Chief Human Resources Officer
and a member of the Executive Committee in 2008. During her tenure, Voquer was
instrumental in leading the transformation of the Global Human Resources
organization.

Prior to MasterCard, Voquer worked in the telecom and IT sectors as Director,
Human Resources for Europe/Middle East/Africa (EMEA) with Avaya
Communications, Belgium, and Director, Human Resources Operations, Global
Services, with IBM (EMEA) in Paris, France.

“I’m thrilled that Ron will now lead Human Resources for us,” said Ajay Banga,
Chief Executive Officer, MasterCard Worldwide. “Over the past three years, he
has worked closely with Stephanie, which will ensure a smooth transition.
Ron’s professionalism and his dedication to our company and our employees make
him the ideal person to take us forward. On behalf of the entire MasterCard
family, I am pleased to congratulate Ron on his new role.

“I want to acknowledge Stephanie for her leadership and all that she has done
for MasterCard over the years -- she will have a lasting impact on our
company,” added Banga. “I want to personally thank her for dedicating so much
time and energy to the success of our people and our company. We wish her
health and happiness.”

About MasterCard

MasterCard (NYSE: MA), www.mastercard.com,  is a technology company in the
global payments industry. We operatethe world’s fastest payments processing
network, connecting consumers, financial institutions, merchants, governments
and businesses in more than 210 countries and territories. MasterCard’s
products and solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more secure and
more efficient for everyone. Follow us on Twitter @MasterCardNews, join the
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Contact:

MasterCard
Chris Monteiro, 914-249-5826
chris_monterio@mastercard.com