The B Team welcomes Mastercard President & CEO Ajay Banga

Banga will join its collective of global leaders from business and civil society on the quest to create new norms of corporate leadership

e4m by exchange4media Staff
Updated: Sep 3, 2019 1:26 PM

The B Team has announced that Ajay Banga, President and Chief Executive Officer of Mastercard, will join its collective of global leaders from business and civil society on the quest to create new norms of corporate leadership.

Throughout Banga’s career, his innovative and inclusive leadership has helped to build sustainable and successful companies and communities. He joined Mastercard as President and Chief Operating Officer in 2009, later moving into the role of Chief Executive Officer in 2010, said the group in a statement.

Banga consistently approaches leadership with a long-term, dynamic and clear vision that’s helped establish both Mastercard and himself as driving forces in the shift toward a more equitable future, the statement read.

During his tenure as President and Chief Executive Officer, Mastercard has helped advance greater global financial access and equity through both the launch of its Mastercard Lab for Financial Inclusion and the Mastercard Center for Inclusive Growth. These efforts bolster the company’s commitment to reach 500 million people previously excluded from financial services by 2020—primarily by mobilizing its digital payment services through public-private partnerships.

“While many of us acknowledge that we can do well by doing good, it’s time for more of us to recognize that this means your success is tied to the collective success of others. From rising temperatures to rising inequality, we are facing some of the most trying challenges of our time and none of us will succeed unless we all can succeed,” said Banga.

“I am thrilled to be joining this group of inspiring and ambitious peers to help navigate toward a better future for the next generation—a future of inclusive and sustained growth,” he added.

Banga joins The B Team at a pivotal time for the organization and its mission. With the effects of our global climate crisis more visible, our inequality crisis worsening and our crisis of trust growing, his leadership is fundamental toward building a new economic model that works in service of the planet and all people. In addition to his service as a B Team Leader, Banga currently serves alongside B Team Chair Paul Polman as First Vice-Chair of the International Chamber of Commerce.

“The inclusive and adaptive leadership Ajay Banga has demonstrated throughout his career is exactly what’s needed to bring the better world we envision as B Team Leaders to life—and to leave no one behind in the process,” said B Team Chair Paul Polman. “I couldn’t be happier to have Ajay on board and continue working with him at such an important time for the organization.”

“In Africa and other regions around the world, his inclusive and forward-thinking vision has helped to build communities where all people have access to the technology, tools and information they need to succeed,” said KCB Group Plc CEO and MD and B Team Africa Member Joshua Oigara.

“I look forward to continuing to work with him to further these efforts and see his dedication grow through his leadership in The B Team.”

The B Team is a catalyst for bold dialogue, inspiring courageous leadership and brave business action toward a fairer, greener and more human economy. The B Team’s global collective of business and civil society leaders are working together to build a principled and purpose-driven private sector and demonstrate that, with courageous leadership, business becomes a force for good.

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