MasterCard CEO optimistic about his company’s prospects
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- June
- 9
MasterCard Chief Executive Officer Robert W. Selander said he is optimistic about his company’s outlook, despite the major upheaveal in the financial services industry and a sharp economic downturn during the past year.
Selander told shareholders at the annual meeting today that the Purchase-based company is well positioned for the long-term as consumers, seeking convenient ways to shop and pay their bills, shift more purchases to debit cards from cash and checks.“During these unprecedented times, we are taking a flexible and adaptive approach to managing our business,” Selander said. “Like any industry we face a number of challenges, however, we believe there is significant opportunity for growth as more and more consumers and businesses continue to demand easier, more efficient, convenient and safer forms of payment.”
In regular business at the meeting, shareholders reelected board members to three-year terms, approved amendments to the company’s certificate of incorporation to give the board increased flexibility to nominate up to three additional directors and ratified PricewaterhouseCoopers LLP as the company’s public accounting firm.
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on Tuesday, June 9th, 2009 at 2:29 pm by Jay Loomis.
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