Rick Haythornthwaite will succeed Sir Howard Davies as the bank’s chairman next April
At MasterCard’s annual general meeting in 2019, then-chairman Rick Haythornthwaite was asked why the company was not doing more to stop processing payments for far-Right hate groups.
Haythornthwaite acknowledged that it was a difficult issue, but stressed that the payments giant must follow the law when it came to transactions.
He said: “From a philosophical standpoint… it is not our job to work out whether something is lawful or unlawful.
“If it is lawful, then we need to respect that transaction. If it’s something that is swimming against the tide of society, it’s for the society to rise up and change the law and then we can move on this.” He added that MasterCard was “very strong” on privacy.