Member access

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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; nathalie.tadena@dowjones.com

Stocks mentioned in the article : Moody's Corporation, Pfizer Inc.
React to this article
Latest news on MOODY'S CORPORATION
09:16a Moody's downgrades Honghua (00196) to B3; outlook negative
05:43a MOODY : downgrades Anton Oilfield to B2; outlook negative
04:23a MOODY : assigns Aa3 enhanced to Warren Co. School Dist. Finance Corp's (KY) $18...
04:23a MOODY : Structured Thinking: Chinese CLOs Perform Well, But More Underlying Loan..
04:02a Moody's places Burgan Bank AS's (Turkey) long-term deposit rating on review f..
03/30 Kaisa's slow talks on restructuring lead to uncertainty
03/30 MOODY : downgrades Sunac to B1; outlook stable
03/29 MOODY : s: Sharjah's economic fundamentals remain solid, but debt levels are ris..
03/27 MIDE EAST : Sino-Pak economic corridor to be game-changer for Middle-East
03/27 MOODY : Emanuel uses borrowing to cope with Daley's debt burden
Advertisement
Chart
Duration : Period :
Moody's Corporation Technical Analysis Chart | MCO | US6153691059 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF