Moody's President, CEO Raymond McDaniel to Retire
October 22 2020 - 6:53AM
Dow Jones News
By Colin Kellaher
Moody's Corp. on Thursday said Raymond McDaniel Jr. plans to
retire as president and chief executive at the end of the year.
The New York provider of credit ratings, research and analysis
said Robert Fauber, currently chief operating officer, would
succeed Mr. McDaniel as president and CEO, effective Jan. 1.
Moody's said Mr. McDaniel, who has spent more than 15 years as
CEO, would become non-executive chairman on that date, adding that
Henry McKinnell Jr., who has been chairman since 2012, would remain
a director.
Moody's said Mr. Fauber, 50 years old, joins its board,
effective immediately. Mr. Fauber joined Moody's in September 2005
and has been chief operating officer since 2019.
Mr. McDaniel, 62, joined Moody's as a senior analyst in 1987 and
has been CEO since April 2005.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 22, 2020 07:38 ET (11:38 GMT)
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