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8-K - FORM 8-K - MOODYS CORP /DE/ | d562387d8k.htm |
Exhibit 99.1
News
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STEPHEN MAIRE Global Head of Investor Relations and Communications +1.212.553.7424 stephen.maire@moodys.com
MICHAEL ADLER Senior Vice President Corporate Communications +1.212.553.4667 michael.adler@moodys.com |
Moodys Names Mark Kaye as Chief Financial Officer
NEW YORK, July 31, 2018 Moodys Corporation (NYSE:MCO) announced today that Mark Kaye will join the company on August 20th as Senior Vice President and Chief Financial Officer.
Mr. Kaye will oversee Moodys global finance activities and will also have executive responsibility for the companys Investor Relations and Corporate Services functions. He succeeds Jeffrey Hare as the companys Principal Financial Officer.
Mr. Kaye joins Moodys from Massachusetts Mutual Life Insurance Company (MassMutual), where he served as Senior Vice President and Head of Financial Planning and Analysis, as well as Chief Financial Officer of MassMutual U.S., the companys domestic insurance and retirement plan operation.
Mark has an impressive record of success as a financial steward and senior executive at leading financial services companies. I am confident that he will help us deliver Moodys continued strong financial performance, drive long-term shareholder value and prove to be an excellent addition to our senior management team, said Raymond McDaniel, President and Chief Executive Officer of Moodys.
Mr. Kaye brings to his role more than 15 years of experience in business finance, financial planning and analysis, strategy and large-scale project management. Prior to joining MassMutual in 2015, he held a range of senior finance leadership roles at Voya Financial (formerly ING U.S.) and began his career in the investment banking division of Credit Suisse First Boston. In addition to working in the U.S., Mr. Kaye has had extensive prior work experience in the Asia Pacific region. He holds an M.B.A. in Finance and a B.S.E. in Statistics and Actuarial Science, both from the Wharton School at the University of Pennsylvania, and is a Fellow of the Society of Actuaries.
I have long admired Moodys as an institution and I look forward to working with such a talented team at an organization that is so critical to the efficient functioning of the worlds financial markets, Mr. Kaye said. |
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ABOUT MOODYS CORPORATION
Moodys is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moodys Corporation (NYSE: MCO) is the parent company of Moodys Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moodys Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $4.2 billion in 2017, employs approximately 12,300 people worldwide and maintains a presence in 42 countries. Further information is available at www.moodys.com. |
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