Mastercard has announced a major leadership reshuffle, including the appointment of a new chief financial officer. Sachin Mehra, the company's current CFO, is transitioning to the newly created role of chief business officer, where he will oversee sales enablement, global partnerships, and digital commercialization under a unified global go-to-market structure.

Replacing Mehra as CFO is Ling Hai, who currently serves as Mastercard's president for Africa, the Asia Pacific region, Europe and the Middle East. The company said Hai brings broad operating experience across international markets and a strong commercial perspective to the role.

Several other senior executives are also moving into new positions. Linda Kirkpatrick, president of the Americas, becomes chief services officer, succeeding Craig Vosburg, who transitions to vice chair and global ambassador. Dimi Dosis, president of Eastern Europe, Middle East and Africa, takes on the role of chief commercial payments officer. Tim Murphy, vice chair, will retire from Mastercard in October as planned.

CEO Michael Miebach said the changes are designed to strengthen execution, advance a more connected customer experience, and position the company for continued growth. "Mastercard has built strong momentum by staying close to customers and anticipating where their needs are headed," Miebach said.

In related news, recent PYMNTS Intelligence research conducted in collaboration with Mastercard found that many small and medium-sized business owners want to reduce their reliance on cash and checks but face practical barriers. The findings suggest significant growth potential for business cards, particularly when positioned as tools for control, visibility, and working capital management.