S&P CEO Doug Peterson leaves

  • After 11 years in the position
  • Accolades, praise and thanks for Peterson
  • Martina Cheung taking over
  • Peterson spoke at length and said 166 words

(exechange) — New York, June 27, 2024 — Doug Peterson, chief executive of S&P, leaves his position. As announced by S&P Global Inc. in a news release and in a regulatory filing published on Thursday, June 27, 2024, Douglas L. (Doug) Peterson leaves his post as chief executive officer at the financial information company, after 11 years in the role, effective November 1, 2024.

Doug Peterson’s duties as CEO will be taken over by Martina L. Cheung, currently President of Ratings at S&P Global Inc.

“Robust succession process”

The planned management change is explained as follows. Peterson stated: “The Board and I have had a robust succession process in place for many years, and now is the ideal time for this transition.”

Precise information regarding Doug Peterson’s future plans was not immediately available.

“Retiring”

S&P said: “S&P Global … announced today that its Board of Directors has unanimously elected Martina L. Cheung, S&P Global’s current President of S&P Global Ratings, to succeed Douglas L. Peterson as the Company’s President and Chief Executive Officer, effective November 1, 2024.”

S&P further said: “Douglas L. Peterson will be retiring as Chief Executive Officer and President of the Company, effective as of November 1, 2024, and thereafter is expected to serve as an employee and Senior Advisor until December 31, 2025.”

Share price increase since June 2019

The announcement follows an increase in S&P Global Inc.’s share price of 111% since June 2019.

In the position of CEO since 2013

Doug Peterson became CEO of the Company in 2013.

Peterson will remain on the Board until May 2025 and be a special advisor to the Company until December 31, 2025.

Doug Peterson has served as President, Chief Executive Officer, and a member of the Board of Directors of S&P Global since 2013.

He joined the company in 2011 as President of its credit ratings business.

Through a mix of organic investments and strategic transactions, including the successful integration of IHS Markit in 2022, Peterson has repositioned S&P Global to realize its vision of “Powering Global Markets” with data, analytics, and benchmarks.

Peterson is a leading voice on sustainability and energy transition. He serves on the Board of the UN Global Compact, and in 2021 he led a workstream of the G7’s Impact Taskforce to mobilize private capital through consistent global standards to measure, value, and account for sustainability.

Before joining S&P Global, Peterson was the Chief Operating Officer of Citibank, Citigroup’s principal banking entity.

Over his 26 years at Citigroup, he served as CEO of Citigroup Japan, Chief Auditor, and in leadership roles in Latin America.

Peterson chairs the U.S.-Japan Business Council and is a member of the Boards of Directors of the Japan Society and National Bureau of Economic Research.

In addition, he serves on the Advisory Board of the Federal Deposit Insurance Corporation’s Systemic Resolution Advisory Committee and as a Trustee of Claremont McKenna College and the Paul Taylor Dance Company.

Born and raised in New Mexico, Peterson received an MBA from the Wharton School at the University of Pennsylvania and an undergraduate degree from Claremont McKenna College.

166 words by Doug Peterson

In the release announcing his departure as CEO of S&P Global Inc., Doug Peterson received accolades, praise and thanks.

In the release announcing his departure as CEO, Doug Peterson spoke at length and said 166 words.

“Now is the ideal time”

Doug Peterson stated: “On behalf of our entire Board, I am delighted to have a leader of Martina’s exceptional caliber become S&P Global’s next President and CEO. As a long-standing member of the Executive Committee, Martina has had a profound impact on the evolution and growth of S&P Global. She is a tremendous leader with deep operational expertise and unparalleled knowledge of our business and the entire industry. The Board and I have had a robust succession process in place for many years, and now is the ideal time for this transition. With strong footholds in strategic growth areas spanning private markets, sustainability, and the energy transition, as well as leadership in artificial intelligence, we are optimally positioned for the long term. The privilege of leading S&P Global for the past 11 years has been the highlight of my career. Martina has been critical to so much of this success, and I am excited to support her as she leads us into the next phase of growth and innovation.”

The above text is an excerpt from the exechange report 27.2024 ($), publication date July 1, 2024.