Moody’s Investors Service Names Robert Fauber President; Michel Madelain to Retire as President and COO
April 04 2016 - 8:30AM
Business Wire
Moody's Investors Service (MIS), the credit ratings agency unit
of Moody’s Corporation (NYSE:MCO), announced today that Robert
Fauber, currently the Global Head of the MIS Commercial Group, has
been appointed President of MIS, effective June 1, 2016. Mr. Fauber
will succeed Michel Madelain, who is retiring as President &
Chief Operating Officer and will assume the role of Vice Chairman
for MIS.
As President, Mr. Fauber, 45, will be responsible for setting
the strategic direction and managing the operations of the ratings
agency. This includes oversight of all ratings responsibilities, as
well as research, operational and commercial activities across
MIS’s global locations.
“Rob brings a combination of solid leadership skills, strong
financial acumen, a strategic mindset and a deep understanding of
the purpose and quality of Moody’s ratings and the market
participants they serve,” said Raymond W. McDaniel Jr., President
and Chief Executive Officer of Moody’s Corporation. “He is well
positioned to lead MIS as we build on Moody’s mission to be the
world’s most respected authority serving risk-sensitive financial
markets.”
Mr. Madelain, 60, has held key roles in the United States and
Europe since joining MIS in 1994. In his new capacity as Vice
Chairman for MIS, he will focus on international policy and
regulatory issues. He will remain on the MIS Board of Directors and
MIS boards in the European Union.
“We are indebted to Michel for his leadership, strategic insight
and hard work throughout his career at Moody’s, and I am pleased
that he will continue to contribute his experience and expertise as
Vice Chairman for MIS,” added Mr. McDaniel.
“It has been a privilege to lead MIS over the last eight years
and I look forward to continuing to work with the leadership team
in my new capacity as Vice Chairman,” said Mr. Madelain.
Mr. Fauber joined Moody’s in 2005 as the Head of Corporate
Development for Moody’s Corporation, where he managed the Company’s
corporate strategy and mergers and acquisitions program. He has
served in his current role since 2013.
Prior to Moody’s, Mr. Fauber worked for six years in investment
banking and corporate strategy at Citigroup, including stints in
New York, London and Hong Kong. He started his career as a credit
analyst in the commercial banking group at NationsBank (now Bank of
America). Mr. Fauber holds an M.B.A. from the Johnson School of
Management at Cornell University and a B.A. in economics from the
University of Virginia.
ABOUT MOODY’S CORPORATION
Moody's is an essential component of the global capital markets,
providing credit ratings, research, tools and analysis that
contribute to transparent and integrated financial markets. Moody’s
Corporation (NYSE:MCO) is the parent company of Moody's Investors
Service, which provides credit ratings and research covering debt
instruments and securities, and Moody's Analytics, which offers
leading-edge software, advisory services and research for credit
and economic analysis and financial risk management. The
corporation, which reported revenue of $3.5 billion in 2015,
employs approximately 10,400 people worldwide and maintains a
presence in 36 countries. Further information is available
at www.moodys.com.
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Moody'sMichael Adler, 212-553-4667Senior Vice PresidentCorporate
Communicationsmichael.adler@moodys.comorSalli Schwartz,
212-553-4862Global Head of Investor
Relationssallilyn.schwartz@moodys.com
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