News Release

Chris Monteiro MasterCard Worldwide 914-249-5826
Barbara Gasper MasterCard Worldwide 914-249-4565

Alfredo Gangotena Named MasterCard Chief Marketing Officer

Succeeds Lawrence Flanagan who will retire from MasterCard

Purchase, NY, April 06, 2010 - MasterCard Worldwide today announced that Alfredo Gangotena has been appointed Chief Marketing Officer, effective immediately. Most recently, Gangotena served as the Global Products and Solutions lead for MasterCard in Europe, and will now relocate from Waterloo, Belgium to Purchase, New York.

As CMO, Gangotena will have global responsibility for the company's advertising, sponsorships, promotions, research, insights and digital marketing initiatives.

"We are very pleased that we are able to leverage our in-house talent, making Alfredo the next CMO for MasterCard," said Gary Flood, president global products and solutions for MasterCard. "Since joining MasterCard in 2004, he has spent time in Europe as well as Asia/Pacific, Middle East and Africa. His regional exposure adds significant value and will benefit our company as he leads our global marketing efforts. Additionally, Alfredo's passion for marketing, experience with global brands, and knowledge of the payments industry will serve him well in his new position, and makes him the ideal candidate to continue to build the MasterCard brand going forward."

Gangotena succeeds Lawrence Flanagan, who has decided to retire after 10 years as the company's CMO, and 14 years with the company. Flanagan is most notably known for the development and successful global evolution of MasterCard's award-winning Priceless marketing platform, which can be seen today in more than 110 countries.

"Over the years, Larry made tremendous contributions to MasterCard," said Flood. "He leaves us with one of the most successful, world renowned brands. We appreciate his contributions and wish him well as he embarks on the next stage of his life."

Gangotena brings extensive general management and international marketing expertise to his new role. Most recently, he served as the Global Products and Solutions Lead for MasterCard in Europe where he coordinated plans for product development, sales, marketing, communications and MasterCard Advisors. Previously, he was General Manager, Continental Europe and General Manager, Asia-Pacific, Middle-East and Africa.

Prior to joining MasterCard, Gangotena was CEO of Hutchison/Priceline, a joint venture between Hutchison Whampoa and in Asia/Pacific where he gained valuable online marketing experience. He also held senior management positions with other global companies, including: General Manager, Europe, Procter & Gamble; President, Asia/Pacific, The Henkel Group; CEO, France, Universal Music-PolyGram; and The Walt Disney Company.

Gangotena holds a Master of Science degree in Mechanical Engineering from the University of Wisconsin, Madison, in the United States and is a graduate Engineer from Ecole Centrale Paris, France. Gangotena is a French national, and he is married with two daughters.

About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to Follow us on Twitter: @mastercardnews.