MasterCard has announced the appointment of Ron Garrow as Chief Human Resources Officer and member of the company’s Executive Committee, effective April 1, 2013. Garrow’s appointment comes as Stephanie Voquer has announced her retirement.
Garrow, 49, joined MasterCard in March 2010, reporting to Voquer, as Group Head, Global Talent Acquisition Management and Development. Prior to MasterCard, he held various Human Resources leadership positions at Bank of America over a six-year period, culminating in the position of Chief Learning Officer.
Voquer, 61, retires April 1, 2013, after eight years with the company. She will be returning to France, where she lived and worked much of her career. Voquer joined MasterCard Europe in February 2005 in Waterloo, Belgium, as the Regional Head of Human Resources, Europe. She moved to MasterCard’s headquarters in Purchase, New York, in 2007 to lead Human Resources’ Strategy and Operations. Voquer became MasterCard’s first Chief Human Resources Officer and a member of the Executive Committee in 2008. During her tenure, Voquer was instrumental in leading the transformation of the Global Human Resources organization.
“I’m thrilled that Ron will now lead Human Resources for us,” said Ajay Banga, Chief Executive Officer, MasterCard Worldwide. “Over the past three years, he has worked closely with Stephanie, which will ensure a smooth transition. Ron’s professionalism and his dedication to our company and our employees make him the ideal person to take us forward. On behalf of the entire MasterCard family, I am pleased to congratulate Ron on his new role.
“I want to acknowledge Stephanie for her leadership and all that she has done for MasterCard over the years — she will have a lasting impact on our company,” added Banga.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.