Kramer (pictured) was most recently chief marketing and communications officer at Accenture, and spent around 10 years at the company, including a spell leading Accenture’s brand and advertising function.

Before joining Accenture in 2015, Kramer worked at creative agencies BBDO and DDB. She also currently serves on the board of directors of the Ad Council.

Raja Rajamannar, current chief marketing and communications officer at Mastercard, will move to a role as a senior fellow for the company.

Michael Miebach, chief executive at Mastercard, said: “Jill’s global perspective and deep expertise in B2B marketing will be invaluable as we continue to accelerate our growth and innovation. Her leadership and vision are exactly what we need for this next chapter.”

Miebach added: “Raja’s impact on Mastercard and the marketing industry has been nothing short of transformative.

“His creativity, passion and relentless pursuit of excellence have inspired all of us and helped make Mastercard one of the world’s most admired brands. We are deeply grateful for his leadership and look forward to his continued contributions.”