MasterCard Chief Marketing Officer to Retire
MasterCard announced that its chief marketing officer, Alfredo Gangotena, will retire from the company on September 1. Gangotena, 60, has been with MasterCard for nine years, and has held his current position since August of 2010.
Taking Gangotena’s place temporarily is Tim Murphy, who is currently MasterCard’s chief product officer. Murphy will be overseeing the marketing department until a replacement for Gangotena has been found and trained.
The retiring Gangotena was a part of MasterCard’s Operating Committee. He was in charge of the company’s advertising efforts, promotions, research, sponsorships and digital marketing programs. With these vast responsibilities, it will be challenging for MasterCard to find a capable replacement in the coming months. Nevertheless, this could lead to exciting changes for the credit card giant.
“I have had the pleasure of knowing and working with Alfredo for nearly a decade, and I want to thank him for all he has achieved and accomplished at MasterCard,” said Gary Flood, MasterCard’s President of Global Products and Solutions. “As a result of excellent work led by Alfredo and the entire global marketing team, our brand has never been stronger.”