Richard R. Verma rejoins Mastercard to oversee Law, Government Affairs & Policy and Franchise
Mastercard (MA) announced key leadership changes effective May 1, with Tim Murphy being appointed as Vice Chair and Richard R. Verma returning as Chief Administrative Officer. Murphy, who has served as CAO since 2021, will oversee strategic initiatives and global regulatory relationships. Verma, former U.S. Deputy Secretary of State for Management and Resources, will lead Law, Government Affairs & Policy, Franchise, Corporate Security, Inclusion & Belonging, and Transformation, Risk & Operations functions.
Murphy's career at Mastercard spans over two decades, including roles as President of U.S. region, Chief Product Officer, General Counsel, and CAO. Verma brings extensive experience from his previous positions as U.S. Ambassador to India, Assistant Secretary of State, and his earlier tenure at Mastercard as Chief Legal Officer and Head of Global Public Policy (2020-2023).
Mastercard (MA) ha annunciato importanti cambiamenti nella leadership a partire dal 1° maggio, con Tim Murphy nominato Vice Presidente e Richard R. Verma che torna come Chief Administrative Officer. Murphy, che ha ricoperto il ruolo di CAO dal 2021, supervisionerà iniziative strategiche e relazioni regolatorie globali. Verma, ex Vice Segretario di Stato degli Stati Uniti per la gestione e le risorse, guiderà le funzioni di Legge, Affari Governativi e Politica, Franchising, Sicurezza Aziendale, Inclusione e Appartenenza, e Trasformazione, Rischi e Operazioni.
La carriera di Murphy in Mastercard si estende per oltre due decenni, includendo ruoli come Presidente della regione USA, Chief Product Officer, Consigliere Generale e CAO. Verma porta con sé un'ampia esperienza dalle sue precedenti posizioni come Ambasciatore degli Stati Uniti in India, Sottosegretario di Stato e dalla sua precedente esperienza in Mastercard come Chief Legal Officer e Responsabile della Politica Pubblica Globale (2020-2023).
Mastercard (MA) anunció cambios clave en el liderazgo a partir del 1 de mayo, con Tim Murphy nombrado Vicepresidente y Richard R. Verma regresando como Director Administrativo. Murphy, quien ha sido CAO desde 2021, supervisará iniciativas estratégicas y relaciones regulatorias globales. Verma, ex Subsecretario de Estado de EE. UU. para la Gestión y Recursos, liderará las funciones de Ley, Asuntos Gubernamentales y Políticas, Franquicias, Seguridad Corporativa, Inclusión y Pertenencia, y Transformación, Riesgo y Operaciones.
La carrera de Murphy en Mastercard abarca más de dos décadas, incluyendo roles como Presidente de la región de EE. UU., Director de Producto, Consejero General y CAO. Verma aporta una amplia experiencia de sus posiciones anteriores como Embajador de EE. UU. en India, Subsecretario de Estado, y su anterior paso por Mastercard como Director Legal y Jefe de Políticas Públicas Globales (2020-2023).
마스터카드 (MA)는 5월 1일부터 발효되는 주요 리더십 변화를 발표했으며, 팀 머피가 부회장으로 임명되고 리차드 R. 버마가 최고행정책임자(CAO)로 복귀합니다. 머피는 2021년부터 CAO로 재직해 왔으며, 전략적 이니셔티브와 글로벌 규제 관계를 감독할 예정입니다. 버마는 미국 국무부 관리 및 자원 부차관으로 재직했던 경력이 있으며, 법률, 정부 업무 및 정책, 프랜차이즈, 기업 보안, 포용 및 소속감, 그리고 변혁, 리스크 및 운영 기능을 이끌 것입니다.
머피는 마스터카드에서 20년 이상의 경력을 쌓았으며, 미국 지역의 사장, 최고 제품 책임자, 법률 고문 및 CAO로서의 역할을 포함합니다. 버마는 인도 주재 미국 대사, 국무부 차관, 그리고 마스터카드에서 최고 법률 책임자 및 글로벌 공공 정책 책임자로 재직했던 이전의 경험을 바탕으로 폭넓은 경험을 제공합니다 (2020-2023).
Mastercard (MA) a annoncé des changements clés dans la direction à compter du 1er mai, avec Tim Murphy nommé Vice-Président et Richard R. Verma revenant en tant que Directeur Administratif. Murphy, qui a été CAO depuis 2021, supervisera les initiatives stratégiques et les relations réglementaires mondiales. Verma, ancien sous-secrétaire d'État américain à la gestion et aux ressources, dirigera les fonctions de Droit, Affaires gouvernementales et politiques, Franchise, Sécurité d'entreprise, Inclusion et appartenance, ainsi que Transformation, Risque et opérations.
La carrière de Murphy chez Mastercard s'étend sur plus de deux décennies, incluant des rôles en tant que Président de la région américaine, Directeur produit, Conseiller général et CAO. Verma apporte une vaste expérience de ses précédentes fonctions en tant qu'Ambassadeur des États-Unis en Inde, Sous-secrétaire d'État, et de son précédent poste chez Mastercard en tant que Directeur juridique et Responsable des politiques publiques mondiales (2020-2023).
Mastercard (MA) gab am 1. Mai wichtige Veränderungen in der Führung bekannt, wobei Tim Murphy zum Vizepräsidenten ernannt wurde und Richard R. Verma als Chief Administrative Officer zurückkehrt. Murphy, der seit 2021 als CAO tätig ist, wird strategische Initiativen und globale regulatorische Beziehungen überwachen. Verma, ehemaliger stellvertretender US-Außenminister für Verwaltung und Ressourcen, wird die Bereiche Recht, Regierungsangelegenheiten und Politik, Franchise, Unternehmenssicherheit, Inklusion und Zugehörigkeit sowie Transformation, Risiko und Betriebsfunktionen leiten.
Murphys Karriere bei Mastercard erstreckt sich über zwei Jahrzehnte, darunter Rollen als Präsident der US-Region, Chief Product Officer, General Counsel und CAO. Verma bringt umfangreiche Erfahrungen aus seinen vorherigen Positionen als US-Botschafter in Indien, Staatssekretär und seiner früheren Tätigkeit bei Mastercard als Chief Legal Officer und Leiter der globalen öffentlichen Politik (2020-2023) mit.
- Strategic leadership enhancement with experienced executives
- Strengthening regulatory and government relations expertise
- Continuity in management with Murphy's internal promotion
- None.
Tim Murphy named Vice Chair
Richard R. Verma (Photo: Business Wire)
Murphy, who has served as Chief Administrative Officer since 2021, will build on his career with the company to oversee a range of strategically important initiatives, including the company’s relationships with global regulators.
As Murphy is elevated to this new role, Richard R. Verma returns to Mastercard as Chief Administrative Officer to oversee the company's Law, Government Affairs & Policy, Franchise, Corporate Security, Inclusion & Belonging and Transformation, Risk & Operations (TRO) functions. He will also join the Executive Leadership Team and Management Committee.
Both positions are effective May 1 and will report to Michael Miebach, Mastercard’s CEO.
"Tim has played an instrumental role at Mastercard for more than two decades. He has guided and counseled so many of our teams as we evolved many parts of the business – from advancing our legal and regulatory affairs to shaping our inclusion strategy. In each role, Tim has been instrumental in embedding our values into every aspect of our business,” said Miebach.
Murphy originally joined Mastercard in 2000 and thereafter became one of the lead lawyers for the company’s initial public offering. Throughout his tenure, he has blended business and legal insights to accelerate the company’s performance and growth, serving at different times as President of the
"I am delighted to welcome Rich back to Mastercard. He has had a unique view on the topics impacting people and economies across the globe. Our business and our customers will benefit from his extensive experience and leadership in many ways,” added Miebach.
Verma most recently served as the
About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250226151704/en/
Investor Relations: Jud Staniar, investor.relations@mastercard.com, 914-249-4565
Communications: Seth Eisen, seth.eisen@mastercard.com, 914-249-3153
Source: Mastercard Investor Relations
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