MasterCard International said Tuesday that it is realigning its top management to better focus on member banks and customers while balancing internal operational concerns.
In what a spokeswoman described as a "top line" reorganization that is still to be fleshed out, the company has been divided into five parts, with the head of each reporting to president and chief executive officer Robert W. Selander.
Alan J. Heuer, until now president of MasterCard's U.S. region, becomes senior executive vice president of the "customers" unit. The U.S. and five other regions will report to him.
William I Jacobs was named senior executive vice president for strategic ventures, Jerry McElhatton senior executive vice president for technology, Christopher Thom senior vice president for central resources, and Michael W. Michl executive vice president of human resources and other "people" matters.
MasterCard described the changes as the "first round" of an effort to "streamline" and respond faster to industry changes.