Business News Sri Lanka: Mr Ajay Banga, who has served as ICC’s First Vice-Chair since June 2018, becomes ICC Chair with immediate effect, succeeding Paul Polman who becomes ICC Honorary Chair, having served as Chair for the past two years.
The election of Mr Banga during the ICC World Council, held annually, also confirmed Maria Fernanda Garza, CEO of Orestia and current Board member, as ICC First Vice-Chair – making her the first woman to hold this position.
Seven members have also been elected to the ICC Executive Board, strengthening leadership at ICC with augmented geographic, ethnic and gender diversity.
Prior to joining Mastercard, Mr Banga served as Chief Executive Officer of Citigroup Asia Pacific. He served as a member of United States’ President Barack Obama’s Commission on Enhancing National Cybersecurity and a past member of Mr Obama’s Advisory Committee for Trade Policy and Negotiations. Mr Banga is also a member of the board of overseers of the Weill Cornell Medical College, and a director of Dow Inc. as well as a member of its compensation and governance committees.
Mr Banga said:
“I am delighted to step into the role of ICC Chair, taking over from my friend Paul Polman. In this challenging time, I intend to build on the work underway at ICC and to ensure that the organisation, on behalf of business globally, continues to lead in promoting greater prosperity and opportunity for all, which includes being a crucial voice in the re-building of a sustainable and inclusive global economy.”