The FINANCIAL -- Mastercard on April 26 announced Caroline Louveaux as chief privacy officer. She will oversee a global team responsible for driving the company’s evolving privacy strategy.
“Just as our cardholders trust that the transaction will go through whenever they tap or dip their card, they trust that their information is safe with us,” said Tim Murphy, general counsel, Mastercard. “There has never been a greater emphasis on privacy or questions about how companies are measuring up. Caroline will help us continue to build on the trust we’ve long established with robust privacy practices in the future.”
Louveaux has been with Mastercard for more than a decade, most recently overseeing regional privacy and data protection programs internationally, and is a respected data privacy subject matter expert, according to Mastercard.
As chief privacy officer, Louveaux will work hand-in-hand with recently appointed Mastercard chief data officer JoAnn Stonier to enable data innovation while ensuring that privacy is embedded by design into all products, solutions and technology that collect, use and share personal information.
In addition, Louveaux and her privacy team will be responsible for translating regulatory requirements into compliance and technology solutions; engaging with governments, regulators and policymakers to ensure they understand how the industry uses personal information in privacy-safe ways; and overseeing employee training to ensure a top-to-bottom commitment to privacy.
Louveaux will be based in Brussels, Belgium, underscoring the importance of regulations like the European General Data Protection Regulation (GDPR). GDPR sets a new global standard for how individuals’ personal information are treated in the global economy.
She is a member of the advisory board and a lecturer for the new “Certified DPO education” program at Solvay Brussels School of Economics and Management, a faculty member at the EU Data Protection Law Summer School as well as a lecturer at the “Executive DPO education” program at Paris-Dauphine University and at the CRIDS DataSafe “DPO certification” program. Louveaux also serves as the co-chair of the EU GDPR group of the Information Accountability Foundation and a member of the GDPR Steering Committee of the Centre of Information Policy & Leadership.