Network International hires Mastercard executive as new CEO

(Reuters) – Payments processor Network International said on Tuesday Mastercard (NYSE:MA) Inc executive Nandan Mer would succeed industry veteran Simon Haslam as the UK-listed company’s new chief executive officer.

Network International, whose stock price roughly halved in value last year amid reports of short-selling, said Haslam would retire and step down from the role by the end of January.