MasterCard International today announced that it has appointed Denise Fletcher as Chief Financial Officer. She will report to Robert Selander, MasterCard President and CEO, and will be a member of the Executive Management Group.
She joins MasterCard from Bowne & Company, the world’s largest financial printer, where she was Senior Vice President and Chief Financial Officer, with responsibility for finance and strategy. After joining Bowne in 1996, she was instrumental in negotiating and completing 20 acquisitions, including a tender offer for a public company, and a joint venture. These acquisitions included Internet, software localization and outsourcing companies, and enabled Bowne to “wrap itself around” its clients in the financial services and legal industries. She also re-engineered the strategic planning, reporting, and measurement systems.
“Denise is an accomplished financial executive with extensive knowledge and proven experience in the field,” Mr. Selander said. “Throughout her career, she has been credited with the development and implementation of strategies that enhanced the financial health and prosperity of the corporation, creating greater value for her customers. We think she will bring great value to MasterCard and its member financial institutions.”
Prior to joining Bowne & Company, she ran her own enterprise, Fletcher Associates, Inc., which provided specialized consulting services to financial services companies and publishing firms. Her clients included The Chase Manhattan Bank and National Westminster Bank.
She was also Corporate Treasurer of the New York Times Company, with responsibility for investor relations, financing, acquisitions, banking, insurance, capital budgeting, and employee benefits administration. She led the financing strategy that enabled The New York Times to grow through acquisitions from a $500 million publishing company to a multi-billion dollar diversified communications company.
Fletcher earned a B.A. in Sociology from Wellesley College, and a Masters in City Planning with concentration in Economics from Harvard University.
About MasterCard International
MasterCard International has the most comprehensive portfolio of payment brands in the world. More than 1 billion MasterCard(R), Cirrus(R) and Maestro(R) logos are present on credit, charge and debit cards in circulation today. An association comprised of 22,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is the leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. With more than 18 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. In 1999, gross dollar volume exceeded US$727 billion. MasterCard can be reached through its World Wide Web site at [http://www.mastercard.com].