MasterCard has ankled Craig Vosburg to president, North America Markets, effective January 1st. This appointment comes as Chris McWilton announced he will leave MasterCard on December 31.
McWilton joined MasterCard in 2003 as corporate controller and was appointed chief financial officer in October of the same year. As CFO, McWilton played a critical role in the company’s successful initial public offering (IPO) in May 2006. The MasterCard IPO was the largest domestic IPO of 2006 and the 12th largest domestic IPO in U.S. history at the time.
He was named president of MasterCard Global Accounts in 2007, managing relationships for the company’s largest customers. He was then appointed president of U.S. Markets in 2009, before assuming North American responsibilities in 2013.
Prior to joining MasterCard, McWilton had a 22-year career with KPMG, where he specialized in financial and SEC reporting and was an SEC reviewing partner.
As president, North America Markets, Vosburg will oversee the company’s customer-facing activities in the United States and Canada, including sales, business development, strategy and relationship management with issuers, merchants, governments and acquirers. He will join the company’s Executive Committee.
Vosburg, 48, was most recently the company’s chief product officer, a role he held since April 1, 2014. In this role, he led the development, commercialization and management of the company’s global Core Products offerings which include consumer credit and debit, commercial, prepaid and loyalty solutions.
Vosburg joined MasterCard in 2006 as head of MasterCard Advisors in Southeast Asia, Greater China, and South Asia/Middle East/Africa. In 2008, he was named managing director of the MasterCard Advisors business in the U.S. and Canada. In 2010, Vosburg was named group executive, U.S. Market Development, responsible for managing and building relationships within the merchant and acquiring community.
He began his career working in commercial banking at CoreStates Financial Corporation.
Vosburg is a past David Rockefeller Fellow at the Partnership for New York City and currently sits on the Board of Directors of the New York Botanical Garden. He holds a Master of Business Administration from The Wharton School at the University of Pennsylvania and a Bachelor of Science in Business Administration from Bucknell University.
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