Mike Froman serves as vice chairman and president, Strategic Growth for Mastercard. In this role he is responsible for growing strategic partnerships, scaling new business opportunities, and advancing the company’s efforts to partner with governments and other institutions to address major societal and economic issues. He and his team drive financial inclusion and inclusive growth efforts and work to develop new businesses key to the company’s strategic growth.
Mike is chairman of the Mastercard Center for Inclusive Growth and is a member of the company’s management committee.
Prior to joining Mastercard, Mike was affiliated with the Council on Foreign Relations and continues to serve as a distinguished fellow. In September 2018, Mike joined the Board of Directors of The Walt Disney Company.
From 2013 to 2017, Mike served as the U.S. Trade Representative, President Barack Obama’s principal advisor and negotiator on international trade and investment issues. During his tenure, Mike worked to open foreign markets for U.S. goods and services, reach landmark trade agreements and enforce the rights of American workers, farmers and firms. From 2009-2013, he served at the White House as assistant to the President and deputy national security advisor for international economic affairs.
Prior to joining the Obama Administration, Mike held several executive positions at Citigroup, including CEO of its international insurance business, COO of its alternative investments business and head of its infrastructure and sustainable development investment business. He helped shape the company’s strategy in China, India, Brazil and other emerging markets. Earlier in his career, during the Clinton Administration, he worked at the White House and the Treasury Department.
Mike received a bachelor’s degree in public and international affairs from Princeton University, a doctorate in international relations from Oxford University, and a law degree from Harvard Law School, where he was an editor of the Harvard Law Review.
How can CEE best grasp the opportunity to benefit from tech-driven growth? How can the EU Recovery plan help grow the digitalization efforts in the region? What are the most likely areas for strengthening regional cooperation in the digital area?
Digital technology is at the centre of today’s economic debate due to its wide use during the COVID-19 outbreak. While technological advancements were already changing the world over the past two decades, the pandemic has further amplified the adoption of new technologies. In the CEE region, the lockdown-induced digital acceleration was particularly visible during the first months of the coronavirus crisis, with the rate of growth of the digital economy being almost twice as high as the year-on-year change observed in 2017–2019.
Synchronized with the EU’s recovery plans and strategic priorities, it is already clear that the future growth model for CEE should be based on digital and green technologies. At the same time, the region’s digital transition is an opportunity to grow not only its economic future but also its political influence within the EU and in the transatlantic relationship.