- Push-out Score suggests push-out forces
- After almost 13 years in the position
- Praise, thanks and good wishes for Huber
- Search for a successor
- Huber said 46 words
(exechange) — New York, January 29, 2018 — Linda Huber, finance chief of Moody’s, leaves. As announced by Moody’s Corporation in a news release and in a regulatory filing published on Monday, January 29, 2018, Linda S. Huber leaves her post as Chief Financial Officer at the financial services company after almost 13 years in the position.
It is the end of an era.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CFOs who departed over the past twelve months was 5.9 years, according to data compiled by exechange. Only 21 percent of the CFOs who departed over the past twelve months left the position after more than ten years.
She will remain at the Company for a transitional period.
Moody’s will undertake a search for a successor.
“To pursue other opportunities”
Huber’s departure from the CFO post is explained as follows. Moody’s said: “Linda S. Huber is leaving to pursue other opportunities after more than 12 years of service as Executive Vice President and Chief Financial Officer.”
The phrase “to pursue other opportunities” opens the door to speculation.
Precise information about Huber’s future plans was not immediately available.
Share price rise since January 2017
The change follows a rise in the share price of Moody’s Corporation since January 2017.
Chaired by Henry A. McKinnell
Moody’s Corporation is chaired by Henry A. McKinnell.
CEO: Raymond W. McDaniel
Raymond W. McDaniel serves as CEO of Moody’s Corporation. Raymond W. McDaniel, Jr. has served as the President and Chief Executive Officer of the Company since April 2012, and served as the Chairman and Chief Executive Officer from April 2005 until April 2012.
In the position of CFO since 2005
Linda S. Huber has been the Chief Financial Officer and Executive Vice President of Moody’s Corporation since May 16, 2005.
Huber joined Moody’s in May 2005 from U.S. Trust Company, a subsidiary of Charles Schwab & Company, Inc., where she served as Executive Vice President and Chief Financial Officer.
She previously worked in increasingly senior roles at Freeman & Co., PepsiCo, Bankers Trust Company and First Boston Corporation.
She also held the rank of Captain in the U.S. Army, where she served from 1980 to 1984.
Huber holds an M.B.A. from Stanford Graduate School of Business and a B.S. in business and economics from Lehigh University.
She is a director of the Bank of Montreal.
As a general rule, when a top manager announces to step aside with no successor in place, it is a signal that the move was unexpected and too early.
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Linda Huber’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the change.
Read the full story in the exechange report 6.2018 ($).