The International Chamber of Commerce, a world business organisation, has elected Master Card chief executive officer Ajay Banga as new ICC chair and re-elected A’amal group executive chairman Yassin Al Suroor as vice chair.
The election of Banga during the annual ICC World Council virtual meeting held on 23 June also confirmed Maria Fernanda Garza as ICC first vice-chair, making her the first woman to hold this position.
Banga, who has served as ICC’s first vice-chair since June 2018, succeeded Paul Polman who became ICC honorary chair.
Banga said, ‘In this challenging time, I intend to build on the work underway at ICC and to ensure that the organisation, on behalf of business globally, continues to lead in promoting greater prosperity and opportunity for all, which includes being a crucial voice in the re-building of a sustainable and inclusive global economy.’
Prior to joining Mastercard, Banga served as CEO of Citigroup Asia Pacific.
Garza has served as an ICC executive board member since 2014.
The council meeting also confirmed new members of the ICC Executive Board and the new board members will begin two-year terms on July 1, 2020.
The chamber is the institutional representative of 45 million companies across the world.
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