Mastercard announces two senior executive appointments

By Gloria Methri

Mastercard has announced the creation of two new leadership positions to accelerate the company’s delivery of its strategic priorities. Karen Griffin, currently the company’s Chief Compliance Officer, will take on a new role as Chief Risk Officer.

Mastercard noted that the ability to manage an organization’s risk appetite to maximize growth opportunities has become increasingly important in recent years. In this new role, Karen will strengthen the company’s risk management strategy and activities, building on the robust processes and procedures currently in place.

Jennifer Rademaker has been named Chief Future of Work Officer, underscoring the company’s unyielding focus on people and culture. She will lead all aspects of the future of work for Mastercard, from programs that support flexibility, to office spaces, to tools and resources that enable employees to deliver their best work.

“These new positions strengthen our company and reinforce our deep leadership bench around the world,” said Michael Miebach, President, and CEO of Mastercard. “I look forward to what Karen and Jennifer will bring to these incredibly important positions. Their unique skills and experiences will help the company navigate an ever-evolving industry and world.”

Both appointments are effective immediately.

Mastercard had recently announced the appointment of Gautam Aggarwal as Division President for South Asia & Country Corporate Officer, India, effective January 1. Aggarwal took the mantle from Nikhil Sahni, who is assuming a new regional role within the company.

He will oversee all Mastercard’s activities across South Asia and India, including product management, engagements with customers and regulators, marketing, and more. In addition, as head of the South Asia division, based out of Mumbai, Aggarwal also leads operations across the sub-continent, covering Sri Lanka, Bangladesh, Nepal, Maldives, and Bhutan.