The payment system MasterCard has reported that from the 1st of January their SEO will become Michael Miebach, currently chief product officer. The current SEO of MasterCard, Ajay Banga, who has been working as a SEO for 10 years is to become a Chairman of the Board of Directors. 63 years old Richard Hatorntwaite who is currently in charge of this department is going to retire. The company considers that an arranged changing of the leadership will bring on a good situation and at the same time ensures the continuity of the course and the search for new solutions. Mr. Mieback has worked in a ruling position in such regions as Europe, Middle East and Africa and also he has worked in the USA being in charge of the development of payments, bank cards and new technologies.