Mastercard Inc at JPMorgan Technology, Media and Communications Conference (Virtual) Transcript
Good morning. I'm Madhu Namburi. I run our technology investment banking. And it is absolutely my honor and pleasure to introduce both Ajay Banga and Michael Miebach from Mastercard today.
A couple of stats before I pass it on to Tien-Tsin. Ajay took over as the CEO in 2010 and has one of the most unprecedented run and one of the successful in all of Corporate America. He took the revenues just over $5 billion to $17 billion, growing almost 30%. It's an investor conference, so it'll be remiss not for me to flag, the stock price under his leadership grew about 14x compared to just over 3x for S&P. So one of, as I said, a poster child success story in all of Corporate America.
Michael, no pressure, as you take over in January as a successor to Ajay. But what maybe some of you guys realized, Michael has been actually with the company for quite a while. In 2010, he started as the President for Middle East and Africa and became Chief Product Officer. And I think some of you guys already probably know that Michael is also the brainchild behind some of very
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