PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard Incorporated (NYSE:MA) today announced that its Board of Directors has nominated 14 candidates for election as directors at the company's June 26, 2018 annual meeting of stockholders. Richard Davis, formerly of U.S. Bancorp, has been added to the slate along with the company’s existing directors.
“Richard brings extensive consumer insights and payments-related experience from a highly-regulated environment,” said Richard Haythornthwaite, chairman of the Board, Mastercard. “In this increasingly digital world, we look forward to his views as a former CEO in the banking industry as we continue to build and deliver consumers and businesses the best ways to pay and be paid. Experience like this will be key, as the Board continues to refresh its membership.”
Until earlier this month, Davis was the executive chairman of U.S. Bancorp. He had served as its chief executive officer from December 2006 to April 2017 and chairman from December 2007 through April 2017.
During his tenure at the bank, Davis served as chairman of the Financial Services Roundtable, chairman of The Clearing House and a member of the Ninth District of the Federal Reserve’s Financial Advisory Committee. Davis had held numerous management positions with U.S. Bancorp since 1993, when he joined one of its predecessors, Star Banc Corporation, as executive vice president.
He currently serves on the Xcel Energy board of directors and the materials advisory committee of the board of directors of DowDuPont Inc. In addition to his corporate responsibilities, Davis is a director of the Mayo Clinic, the Twin Cities YMCA, the University of Minnesota Foundation and the American Red Cross.
About Mastercard Incorporated
Mastercard (NYSE:MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard 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 discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.