Finishing his first year as president and chief executive officer of MasterCard International Inc., H. Eugene Lockhart seems to exude even more optimism and confidence than he had going in.

MasterCard's payment businesses are blessed with a prosperity that gave Mr. Lockhart the leeway to make a few swift but sure organizational and cost-efficiency adjustments - including top-level appointments and a move of corporate headquarters - that he sees as strengthening MasterCard's foundation for the future.

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