Europay International, MasterCard International's European affiliate, named a chief executive officer on Tuesday to succeed Louis-Noel Joly, who is to retire in November.

Peter Hoch, who is a vice chairman of Europay and has been on its board of directors since the company's inception in 1992, is to take over as CEO in October.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.