Sarker will move into an advisory position beginning in 2026, focusing on strategic initiatives and mentoring regional leaders to ensure a smooth handover. During his tenure, he was credited with driving Mastercard’s expansion, strengthening partnerships across markets, and fostering a collaborative corporate culture.
"Ari’s influence across the region has been profound," said Ling Hai, President for Asia Pacific, Europe, Middle East and Africa at Mastercard. "He’s championed innovation and inclusion, and built deep relationships with governments, fintechs, and enterprises. We’re grateful for his contributions and pleased he’ll continue to support the business in an advisory role."
Starting January 1, 2026, Richard Wormald, currently Division President for Australasia, will take over as President, Asia Pacific. Wormald, known as Rich, has led Mastercard’s business in Australasia with a focus on performance, innovation, and stakeholder engagement.
Reflecting on the transition, Sarker said, "It’s been an incredible journey leading Mastercard in Asia Pacific. I’m proud of what we’ve built together and grateful to the teams, partners, and customers who’ve made it all possible. Rich is a trusted colleague and a thoughtful leader — I’m confident he’ll continue to move the business forward with purpose and care."
Wormald added, "I’m honored to step into this role and build on the strong foundation Ari has created. Asia Pacific is a dynamic and diverse region, and I look forward to working with our teams and partners to keep growing and delivering meaningful impact."
To support the transition, Sarker and Wormald will jointly engage with stakeholders in the coming months through coordinated appearances and communications.
Mastercard also named Paul Monnington as the next Division President for Australasia, effective January 2026. Monnington, who previously led Woolworths’ Wpay business and held senior roles at Woolworths Group and National Australia Bank, will report to Wormald and join the Asia Pacific leadership team.
"This is an exciting time to be joining Mastercard," Monnington said. "The company’s focus on innovation, inclusion, and customer partnership really resonates with me, and I look forward to contributing to its continued success in Australasia."
The leadership changes underscore Mastercard’s strategy to strengthen its executive bench and reinforce its long-term vision for the Asia Pacific region — one of the world’s fastest-growing and most competitive markets for digital payments.
