MasterCard Global CMO Alfredo Gangotena Stepping Down

Chief product officer adds responsibilities while company seeks replacement

MasterCard's global CMO, Alfredo Gangotena, will retire on Sept. 1, the company announced today. Tim Murphy, MasterCard’s chief product officer, will add oversight of marketing to his current responsibilities on an interim basis as the search for a cmo is conducted.

"As a result of excellent work led by Alfredo and the entire global marketing team, our brand has never been stronger," Gary Flood, president of Global Products and Solutions, said in a statement.

Gangotena was a member of the company's operating committee and led MasterCard's advertising, sponsorships, promotions, research and digital marketing initiatives. 

Prior to his role as CMO, Gangotena was the Global Products and Solutions lead and general manager for MasterCard Europe. He also held the role of general manager for Continental Europe and the SEPA Region. Previously, Gangotena was svp and general manager of the MasterCard Asia/Pacific Region.