Mastercard made two major executive changes on Thursday (Dec. 3) that are effective as of Jan. 1. Craig Vosburg has been promoted to chief product officer and Linda Kirkpatrick will succeed him as president, North America. In the CPO role, Vosburg will lead the newly combined products and engineering division, overseeing growth areas and executing new opportunities.
“Craig has been an integral part of our leadership team over the past decade. He’s brought a thoughtful and analytical approach to resetting our course in North America and the results speak for themselves,” Michael Miebach, president and CEO-elect, said in a statement on Thursday (Dec. 3). “As we prepare for the next decade, we believe this same approach will deliver dividends in an integrated product management and engineering organization. The teams will have a greater ability to collaborate and innovate to take advantage of the