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Apr 11, 2007, 09.19 AM IST | Source: Moneycontrol.com

MasterCard Foundation to broaden access to global economy

Leadership change at MasterCard Foundation

The leadership of The MasterCard Foundation, an independent charitable foundation headquartered in Toronto, was announced today.  The Foundation’s mission is to broaden access to the global economy through innovative microfinance programs and to increase access to quality education opportunities for young people around the world.

 

Lois Juliber, retired vice chairman and chief operating officer of Colgate-Palmolive Company , will serve as chairman of the board.  Deanna Rosenswig, a former senior executive at Bank of Montreal, who has been active on the boards of a number of philanthropic organizations focused on microfinance, will serve as the foundation’s president and chief executive officer.

 

Juliber is joined on the Board of Directors by Phillip L. Clay, chancellor and professor of City Planning at the Massachusetts Institute of Technology; David L. Johnston, president of the University of Waterloo; Elizabeth L. Littlefield, chief executive of CGAP, the Consultative Group to Assist the Poor; Paul M. Ostergard, retired head of the Citigroup Foundation; Marguerite S. Robinson, a former professor of anthropology, author,  and frequent speaker on microfinance; Mary Robinson, former president of Ireland and president of Realizing Rights: The Ethical Globalization Initiative; and Nigel Wright, managing director of Onex Corporation.

 

“We are delighted that these distinguished individuals, with their wealth of experience and global expertise, have made this commitment to building a world-class charitable foundation aimed at providing the financial resources and technical skills to help individuals, families and communities achieve long-term economic progress,” said Robert W. Selander, MasterCard president and chief executive officer.

 

“The Foundation’s Board of Directors is working hard to develop the structure of the new organization and to establish a preliminary roadmap for grant making,” said Lois Juliber, chairman. “With the appointment of Deanna Rosenswig, a seasoned business leader and manager, we are well positioned to move ahead with defining and implementing the strategic vision for the Foundation.”

 

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