Ajay Banga is executive chairman of the board of directors of Mastercard. He moved into this role following 11 years as the company’s president and chief executive officer.
Ajay is also chairman of the International Chamber of Commerce and is an independent director of Exor, where he serves as chair of the company’s Environmental, Social, and Corporate Governance committee. He has previously served on the boards of Kraft Foods and Dow Inc. Ajay is a member of the Trilateral Commission, a founding trustee of the U.S.-India Strategic Partnership Forum, a former member of the National Committee on United States-China Relations and chairman emeritus of the American India Foundation.
He is a co-founder of The Cyber Readiness Institute, vice chair of the Economic Club of New York, a member of the World Economic Forum’s EDISON Alliance, and served as a member of President Obama’s Commission on Enhancing National Cybersecurity. He is a past member of the U.S. President’s Advisory Committee for Trade Policy and Negotiations.
Ajay is a member of the Weill Cornell Medicine board of fellows. He has also served on the board of governors of the American Red Cross, as well as the boards for the Asia Society, the New York Hall of Science and the National Urban League, among others.
He was awarded the Padma Shri Award by the President of India in 2016, the Distinguished Friends of Singapore Public Service Star in 2021, the Ellis Island Medal of Honor in 2019, and the Business Council for International Understanding’s Global Leadership Award. He is a fellow of the Foreign Policy Association and was awarded the Foreign Policy Association Medal in 2012.
Ajay began his career at Nestlé, India, where for 13 years he worked on assignments spanning sales, marketing and general management. He also spent two years with PepsiCo before joining Citigroup, where he rose to the role of chief executive officer of Citigroup Asia Pacific.