Master stroke for Michael Fraccaro

Thursday, 16 June 2016


ACU graduate Michael Fraccaro has been appointed the new chief human resources officer at MasterCard’s global operations.

MasterCard has appointed ACU graduate Michael Fraccaro as chief human resources officer, succeeding Ron Garrow, Business Wire reports. He took up the position on 8 July 2016.

Fraccaro joined MasterCard in 2012 as executive vice president of human resources for the company’s Global Products and Solutions (GP&S) business. In this role, he supported the company’s growth in key businesses and markets and optimised talent programs in a competitive environment. He was also responsible for leading the global HR integration of new acquisitions and joint ventures.

“Michael’s global experience in leading significant change programs will help MasterCard as we continue to grow and build our business around the world,” said Ajay Banga, MasterCard’s president and chief executive officer.

“He has been working very closely with Ron and we look forward to his continued leadership as we expand our business and maintain a best-in-class culture.”

Before joining MasterCard, Fraccaro was a core member of the HR leadership team at HSBC Group for nearly 12 years, based in Hong Kong.

Earlier, he held senior HR positions in banking and financial services in Australia and the Middle East, working extensively across different cultures.

Fraccaro holds a Master of Applied Science, Communication Management from University of Technology Sydney and a Bachelor of Education from ACU.

He has accreditation in change management from the Australian Graduate School of Management and has attended leadership programs at Duke University’s Fuqua School of Business and at INSEAD.

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