Ann Cairns has been named vice chairman at Mastercard, effective June 1, moving on from her role as president of international markets for the card brand.

Gilbert Caldart will succeed her in that role and both will report to Mastercard President and CEO Ajay Banga.

Ann Cairns, vice chairman, Mastercard
Ann Cairns, vice chairman, Mastercard

“Ann has significantly grown our international business over the past seven years,” Banga said in a press release. “Her deep understanding and appreciation of local cultures and expectations has been a tremendous asset."

Cairns not only built "sustainable, strong growth," she has served as a catalyst beyond payments by championing inclusion, the empowerment of women and talent development at all levels of the company, Banga added.

Because of those achievements, Cairns has been honored by PaymentsSource as one of its Most Influential Women in Payments four times.

Before joining Mastercard, Cairns served as the head of Alvarez & Marsal’s financial industry services group in London, where she led the European team managing Lehman Brothers Holdings International through the Chapter 11 process.

Earlier, Cairns was CEO of transaction banking at ABN AMRO, and spent 15 years in senior operational positions at Citigroup.

She has more than 25 years of experience working in senior management positions across Europe and the U.S., running global retail and investment banking operations.

Cairns also sits on the group board of Intercontinental Exchange (ICE) and is chair of ICE Clear Europe.

Also on June 1, Mastercard said Carlo Enrico will take on the role of president of the Latin America and Caribbean region, replacing Caldart in that position. Enrico currently serves as division president for Western Europe.

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