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Form 8-K · Current Report · Filed 2025-03-11

Moody's Corporation Announces Departure of Chief Accounting Officer

On March 11, 2025, Moody's Corporation announced that Caroline Sullivan, Chief Accounting Officer and Corporate Controller, will be departing from her position on April 1, 2025.

Filer
Moody's Corporation MCO · NYSE
Filed
Accession
0001059556-25-000080
CIK
0001059556
Signal
Medium impactFinancial Services

Details

She will be succeeded by Jason Phillips, who has been with the company since 2003 and most recently served as Managing Director, Assistant Controller.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

CAO Resignation New CAO Appointed

Market reaction

Close before filing

$450.29

Next session

-1.8%

Since filing

+6.2%

Latest close

$478.38

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MCO reporting the same item, with the next session's move:

About Moody's Corporation

Moody's Corporation is a leading financial services company specializing in credit ratings, risk analysis, and research. Its primary function is to evaluate the creditworthiness of various entities, providing essential insights for investors and stakeholders. Moody's operates through two main business segments: Moody's Investors Service (MIS), which issues ratings for a wide array of financial instruments including government, corporate, and structured finance securities, and Moody's Analytics (MA), offering data, analytical solutions, and insights to help decision-makers manage risk and identify opportunities. Moody's plays a critical role in the global financial markets by providing transparent and standardized credit ratings, which in turn influence borrowing costs and investment strategies across multiple sectors. This company impacts industries such as banking, insurance, and asset management, and is integral to the functioning of bond markets worldwide. Founded in 1909 and headquartered in New York City, Moody's is regarded as one of the key credit rating agencies with a significant imprint on financial decision-making processes globally, ensuring the efficient flow of capital in the markets.

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