Rob Beard, chief legal and global affairs officer of Coherent Corp. Courtesy photo Mastercard CLO Exits After Just 14 Months, Takes Legal Reins of Laser Manufacturer
Rob Beard is departing a financial giant with a stock market value of $477 billion for a much smaller tech innovator with a market value of $15 billion.
October 21, 2024 at 03:52 PM
3 minute read
Rob Beard has resigned as chief legal and global affairs officer of Mastercard in order to take the legal reins of Coherent Corp., a maker of lasers and other electronic components.
Beard had been Mastercard's legal chief for 14 months, a tumultuous stretch of highs and lows for the Purchase, New York-based company. In March, Mastercard and fellow credit card giant Visa agreed to pay $30 billion to resolve decades of litigation alleging that they charged excessive swipe fees.
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