PURCHASE, N.Y., Sept. 9 /PRNewswire-FirstCall/ -- MasterCard Incorporated
(NYSE: MA) today announced the election of Jackson Tai to its Board of
Directors, effective immediately. With this appointment, the MasterCard Board
of Directors returns to a full complement of nine Class A directors and three
directors representing the financial institutions that own MasterCard Class M
shares.
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"Jackson is an accomplished financial services executive, and his deep
knowledge of our industry and global experience, particularly in Asia, will
greatly benefit MasterCard," said Richard Haythornthwaite, chairman of the
MasterCard Board of Directors. "I look forward to working with Jackson and the
entire Board to ensure that MasterCard continues to meet our commitments to
our customers and shareholders as we make electronic payments easier, more
secure and efficient for everyone involved."
Jackson Tai, 58, joins the MasterCard board as a Class M director. He is
the former Vice Chairman and CEO of DBS Group and DBS Bank Ltd., having served
as CEO from June 2002 until December 2007. Mr. Tai joined DBS Group in July
1999 as Chief Financial Officer, and subsequently served as President and
Chief Operating Officer until his appointment as CEO. Prior to joining DBS
Group, Mr. Tai was a Managing Director in the Investment Banking Division at
J.P. Morgan & Co. Incorporated, where he served 25 years and held several
management positions in New York, Tokyo and San Francisco.
Mr. Tai currently serves as a director on the Board of Directors of
Brookstone, Inc., the ING Groep NV Supervisory Board and the Board of
Directors of CapitaLand. He is also a member of the Bloomberg Asia Pacific
Advisory Board, the Harvard Business School Asia-Pacific Advisory Board and
the Harvard China Advisory Group. Mr. Tai also serves as a Trustee of the
Asian Art Museum of San Francisco and Rensselaer Polytechnic Institute, and
serves as a Governor of the San Francisco Symphony.
MasterCard Declares Regular Quarterly Dividend
The MasterCard Board of Directors today declared a cash dividend of $0.15
per share, payable on November 10, 2008, to holders of record of its Class A
common stock and Class B common stock as of October 10, 2008.
About MasterCard Incorporated
MasterCard Incorporated advances global commerce by providing a critical
economic link among financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes over 18 billion transactions
each year, and provides industry-leading analysis and consulting services to
financial-institution customers and merchants. Through its family of brands,
including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers
and businesses in more than 210 countries and territories. For more
information go to www.mastercard.com.
SOURCE MasterCard Incorporated