MasterCard Names Michael Fraccaro Chief Human Resources Officer
June 14 2016 - 11:00AM
Business Wire
MasterCard today announced the appointment of Michael Fraccaro
as chief human resources officer, succeeding Ron Garrow who decided
to move with his family back to North Carolina after six years with
the company. Fraccaro’s appointment is effective July 8, 2016.
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MasterCard today announced the
appointment of Michael Fraccaro as chief human resources officer.
(Photo: Business Wire)
Garrow joined MasterCard in March 2010 as senior vice president
of global talent acquisition management and development, following
25 years in HR roles at Bank of America and Wachovia. In 2011, he
was promoted to executive vice president of global human resources
plans and programs and in 2013 he became chief human resources
officer.
“Ron has made a significant impact on our organization over the
past six years,” said Ajay Banga, president and chief executive
officer, MasterCard. “His passion for our people and our
organization has transformed our culture and established our
company as a great place to work. On behalf of the entire
organization, I’d like to wish Ron and his family the very best
going forward.”
Fraccaro joined MasterCard in 2012 as executive vice president
of human resources for the company’s Global Products and Solutions
(GP&S) business. In this role, he supported the company’s
growth in key businesses and markets and optimized talent programs
in a competitive environment. He was also responsible for leading
the global HR integration of new acquisitions and joint
ventures.
“Michael’s global experience in leading significant change
programs will help MasterCard as we continue to grow and build our
business around the world,” said Banga. “He has been working very
closely with Ron and we look forward to his continued leadership as
we expand our business and maintain a best-in-class culture.”
Prior to joining MasterCard, Fraccaro was a core member of the
HR leadership team at HSBC Group for nearly 12 years, based in Hong
Kong. Earlier, he held senior HR positions in banking and financial
services in Australia and the Middle East, working extensively
across different cultures.
Fraccaro holds a Masters of Applied Science, Communication
Management from the University of Technology, Sydney and a Bachelor
of Education from the Australian Catholic University. He also has
accreditation in change management from the Australian Graduate
School of Management and attended leadership programs at Duke Fuqua
and INSEAD.
About MasterCard
MasterCard (NYSE:MA), www.mastercard.com, is a technology
company in the global payments industry. We operate the world’s
fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in
more than 210 countries and territories. MasterCard products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on Twitter
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MasterCardSeth Eisen, 914-249-3153seth_eisen@mastercard.com
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