MasterCard 2005 Annual Report Download - page 5

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Robert W. Selander
President and Chief Executive Offi cer
For MasterCard, 2005 was truly a remarkable year — one of the
strongest and most memorable in our company’s history. Not only
did we achieve impressive fi nancial results, we began a historic
transformation resulting in fundamental changes to our governance
and ownership structure.
The momentum of the past year’s events culminated in 2006, with
our initial public offering on May 25. That date marked a turning
point for our organization, providing MasterCard with a distinct
competitive advantage in the marketplace.
As we celebrate our 40th anniversary in 2006, we also celebrate a new
name, MasterCard Worldwide — a name that captures not only our
expanded vision of where we’re going, but also the profound impact
we continue to have on fi nancial transactions around the world.
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