MasterCard’s board of directors recently nominated two individuals for election as independent directors—if elected, Julius Genachowski and Merit Janow will increase the number of board members to 13.
“The world continues to get smaller and technology opens new doors every day,” MasterCard Board Chairman Richard Haythornthwaite said. “MasterCard is advancing to meet consumer, business and societal needs in an increasingly digital world, while maintaining a focus on convenience and security. Merit and Julius’ experience and insights will add to and complement our existing Board as we pursue this vision.”
Genachowski is managing director and partner at The Carlyle Group. Between 2009 and 2013, he served as chairman of the U.S. Federal Communications Commission where he was responsible for wired and wireless communications policy. Before joining the FCC, he worked in the private sector as chief of business operations and general counsel of IAC/InterActiveCorp, an internet and media company.
Janow is the dean of Columbia University’s School of International and Public Affairs. She has served as a professor and in a number of leadership positions at Columbia over the past 18 years. She is a former member of the appellate body of the World Trade Organization, as well as the former executive director of the U.S. Department of Justice’s International Competition Policy Advisory Committee and former deputy assistant U.S. trade representative for Japan and China.
Elections will be held at the company’s June 3 annual stockholders meeting.