Gary Flood To Exit Mastercard

Mastercard announced that Gary Flood, president of global products and solutions, will depart the company at the end of the year.

After joining Mastercard in 1986 in the sales organization, Flood was an architect of the product, services and digital solutions offerings and has championed the transformation to a technology-focused company.

“Not many have made the impact on an organization that Gary has made at Mastercard,” said Ajay Banga, the company’s president and CEO. “More than his keen customer focus or agile view on marketplace dynamics, Gary has infused Mastercard with a devotion to teams and his passion for advancing the company with a strict sense of values and unwavering integrity.”

Once Flood officially leaves the company, the following individuals will report directly to Banga effective January 1, 2018: Ajay Bhalla, chief enterprise security solutions officer; Garry Lyons, chief innovation officer; Michael Miebach, chief product officer; Raja Rajamannar, chief marketing and communications officer and Kevin Stanton, chief services officer.