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MasterCard Woos Away Tyco Treasurer

New CFO Hund-Mejean brings a smorgasbord of finance experiences to the credit-card giant.
Stephen TaubNovember 6, 2007

MasterCard has selected Tyco executive Martina Hund-Mejean as its new chief financial officer.

She replaces Chris McWilton, who was named president of global accounts. Both moves are part of a management shake-up that began with COO Alan Heuer being appointed to the Office of the CEO, where he will hold the newly created position of vice chairman until he retires at the end of 2008.

Hund-Mejean was part of the new management team at Tyco in 2002 after the departures of the disgraced CEO, Dennis Koslowski, and CFO Mark Swartz. She held the titles senior vice president and treasurer. Tyco in June completed a spin-off of its healthcare and electronics businesses.

Before joining Tyco, she was senior vice president and treasurer of Lucent Technologies, served in a series of finance positions at General Motors, and worked as a credit analyst at Dow Chemical in Frankfurt, Germany. Her diverse background includes experience in such areas as treasury, mergers and acquisitions, accounting, and investor relations.

“I am very pleased that Martina is joining us, as she brings an outstanding financial and international track record,” said CEO Robert Selander.

MasterCard Hund-MejeanA Tyco and Lucent finance veteran, Hund-Mejean is named MasterCard’s new CFO after the former finance chief is elevated to president of global accounts.

In his new position, McWilton will be responsible for MasterCard’s largest financial-institution customers around the world. He joined MasterCard in 2003 as corporate controller and was appointed CFO later that year.

McWilton is credited with leading the effort to make MasterCard SOX 404 compliant and helping complete the company’s successful initial public offering in May 2006. Since then, the stock has been one of the hottest, quadrupling to around $192 or so.