Moody's Corporation Appoints Sumit Dhawan to Board of Directors

Details

Mr. Dhawan, previously the CEO of Proofpoint, Inc., will also join the Board's Governance & Nominating and Compensation & Human Resources Committees. This election increases the Board size from nine to ten directors. Mr. Dhawan brings over 25 years of experience in cybersecurity and cloud computing leadership roles, including serving as President of VMware, Inc. He holds an MBA and two degrees in Computer Science. Compensation details include an annual cash retainer of $120,000 and a restricted stock unit award valued at $220,000.

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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.