PURCHASE, N.Y. - Mastercard (NYSE:MA) announced today that Jon Huntsman (NYSE:HUN) will join the company as Vice Chairman and President, Strategic Growth, starting on April 15.
The former U.S. Ambassador and Governor of Utah will lead Mastercard's efforts to expand commercial partnerships with governments and public sector institutions, as well as advancing the company's inclusive growth, philanthropy, and sustainability initiatives. Huntsman will report directly to Mastercard CEO Michael Miebach and become a member of the Executive Leadership Team.
With a diverse background in both public and private sectors, including roles as U.S. Ambassador to Singapore, China, and Russia, as well as Deputy U.S. Trade Representative, Huntsman brings extensive experience to the position. He has been involved in negotiating numerous trade and investment agreements across Asia and Africa.
In the private sector, Huntsman has held executive positions at Huntsman Corporation and served as Vice Chairman of Ford Motor Company (NYSE:F), where he remains on the board of directors. He also holds board positions at Chevron (NYSE:CVX) and is a trustee of the Huntsman Foundation, which has established the Huntsman Cancer Institute and the Huntsman Mental Health Institute at the University of Utah.
Huntsman's appointment is aligned with Mastercard's commitment to driving economic growth by focusing on digital innovation, inclusion, and sustainability. The company's Strategic Growth division encompasses its philanthropic efforts, environmental, social, and governance (ESG) initiatives, localization strategies, and public sector partnerships.
This includes the Center for Inclusive Growth, which celebrates its 10th anniversary and works to promote equitable and sustainable economic development and financial inclusion worldwide.
Mastercard, a global technology company in the payments industry, aims to create a more inclusive and digital economy through secure transactions and partnerships. The company's network spans over 210 countries and territories, with a focus on building a sustainable future that offers opportunities for all.
This news is based on a press release statement from Mastercard.
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