As a seasoned politician and diplomat with a long history of service, including as governor and ambassador of the United States, Huntsman will lead Mastercard's initiatives to increase the company's commercial relationships with governmental and public sector organizations. In addition, he will oversee the company's ambition for sustainability, philanthropy, and inclusive growth, directly answering to Michael Miebach, CEO of Mastercard.

Mastercard is well known for its dedication to driving advancements in payment technologies and promoting a more diverse digital economy. The company's strategy focuses on creating business alliances and projects that support just and sustainable economic growth on a global scale.

Jon Huntsman has worked in the public and commercial sectors for forty years, bringing a wealth of knowledge to Mastercard. In addition to serving as the deputy U.S. Trade Representative, he held positions as the U.S. Ambassador to Singapore, China, and Russia, where he oversaw the negotiation of multiple international trade and investment accords. Furthermore, his leadership positions in organizations like Ford Motor Company and the Huntsman Corporation, in addition to his philanthropic endeavors through the Huntsman Foundation, attest to his all-encompassing knowledge and devotion to social impact.

Huntsman's unusual career, which includes directing large enterprises and negotiating important trade agreements, highlights the significance of his appointment. His history of promoting equitable and sustainable growth is consistent with Mastercard's strategic goals, especially with regard to sustainability, philanthropy, and the rise of the digital economy.

Huntsman will be in charge of Mastercard's Strategic Growth division, which encompasses the company's public sector partnership, localization, ESG (Environmental, Social, and Governance), and charitable initiatives. Among these is the Center for Inclusive Growth, which is commemorating ten years of operation and is a global leader in the advancement of financial inclusion and equitable economic development.

Mastercard CEO Michael Miebach stated, "Jon's unique experience spanning four decades in the public and private sectors will be extremely valuable as we build the future of Mastercard." "He will be essential in advancing our strategy for social impact-driven commercial sustainability, which is in line with our company's basic principle of doing well by doing good."