Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Moody's Corporation    MCO   US6153691059

News SummaryMost relevantAll newsSector news 

Moody's Names Ex-Pfizer Chief McKinnell As Chairman

04/19/2012 | 05:13pm US/Eastern

Moody's Corp. (>> Moody's Corporation) has named former Pfizer Inc. (>> Pfizer Inc.) chairman and chief executive Henry A. McKinnell Jr. as its new chairman, following the rating and analytics company's decision earlier this year to separate the roles of chairman and CEO.

Moody's also said CEO Raymond McDaniel Jr. will also take on the title of president.

McKinnell had served on Moody's board since the company went public in 2000, having joined from the board of Dun & Bradstreet Corp., Moody's former parent company. McKinnell most recently served as Moody's lead independent director.

After posting impressive earnings growth in the first two quarters of the year on strong issuance of corporate debt, Moody's has been challenged amid concerns about sovereign debt in Europe and the U.S. and a sluggish global economy.

Last month, Moody's posted a 30% drop in earnings in the fourth quarter and said performance is expected to progressively strengthen this year should positive signs in credit markets hold up.

Shares slid by a penny to $41.21 after hours. The stock is up 22% so far this year.

-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287;

Stocks mentioned in the article : Moody's Corporation, Pfizer Inc.
React to this article
11:55a Moody's says Greek euro exit would change nature of euro
07:12a MOODY : Assigns Aaa-mf Rating to JPMorgan Liquidity Funds-US Dollar Government L..
07:12a MOODY : Structured Thinking: Improving SME Business Environment in Japan Boosts ..
07:12a MOODY : s: Korean banking system outlook stable, asset quality troubled by tail ..
02:08a MOODY : Chicago to borrow $674 million, but junk status adds millions to cost
01:45a MOODY : assigns B1 to CIFI's proposed USD notes
01:22a MOODY : '1MDB does not pose systemic risks'
01:22a MOODY : sees soft landing in economy
05/27 MOODY : Christie's moved on from bridge scandal, Wall St. hasn't
05/27 MOODY : s: Basel III liquidity and funding requirements are credit positive for ..
Duration : Period :
Moody's Corporation Technical Analysis Chart | MCO | US6153691059 | 4-Traders
Income Statement Evolution
More Financials