President and Chief Executive Officer, MasterCard Incorporated
Member of the Board of Directors since 2013
Ajay Banga was elected to the Dow Board of Directors in February 2013 and currently serves on the Compensation and Leadership Development Committee.
MasterCard Incorporated — President and Chief Executive Officer, July 2010-present; Board Member, April 2010-present; President and Chief Operating Officer, August 2009-July 2010; Prior to joining MasterCard in 2009, Mr. Banga was chief executive officer of Citigroup Asia Pacific responsible for all businesses in the region, including institutional banking, alternative investments, wealth management, consumer banking and credit cards. He joined Citigroup in 1996 and held a variety of senior management roles in the United States, Asia Pacific, and the Europe, Middle East and Africa regions. He was also responsible for Citi's brand marketing and from 2005-2009 oversaw its efforts in microfinance.
Mr. Banga began his career as a Management Trainee at Nestle in 1981. He spent the next 13 years in a variety of assignments spanning sales, marketing and general management. He later joined the Restaurants Division at PepsiCo where he was instrumental in the launch of two of its major brands in India.
Mr. Banga is chairman of The Financial Services Roundtable and vice chairman of The Business Council. He also serves as a member of the executive committees of the U.S.-India Business Council and the Business Roundtable. In addition, he is a member of the International Business Committee of the World Economic Forum, the Council on Foreign Relations, Weill Cornell Medical College Board of Overseers, The Economic Club of New York, and serves on the boards of The American Red Cross and Partnership for New York City. He also is a fellow of the Foreign Policy Association and was awarded the Foreign Policy Association Medal in 2012.
Mr. Banga holds a Bachelor’s degree in Economics from Delhi University where he graduated with honors and is an alumnus of the Indian Institute of Management, Ahmedabad.