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MasterCard reorganizes business units

MasterCard establishes expanded business unit, announces organizational, personnel changes

PURCHASE, N.Y. (AP) -- MasterCard Inc. said Tuesday it would align global customer accounts with the regions where they are based and made several personnel announcements.

In the U.S., the credit card company established an expanded business unit that encompasses its U.S.-based global accounts along with its U.S. region. This new business unit, U.S. Markets, will be led by Chris McWilton. McWilton, 50, was previously president of global accounts.

Walt Macnee, 54, president of international markets, will continue to manage all markets outside the U.S., working closely with the regional presidents.

Additionally, the company named Wendy Murdock, 56, chief franchise officer to oversee payment system integrity and franchise development. Previously she was chief product officer.

MasterCard also established two new teams under its Global Products & Solutions segment. Core Products, to be led by Tim Murphy, will drive consumer, commercial, debit, integrated processing solutions, and prepaid and PayPass products. Murphy, 41, was previously president of the U.S. Region.

Innovative Platforms, led by Joshua Peirez, will include e-Commerce, mobile, chip and other platforms. Peirez, 37, was previously chief payment system integrity officer.