S&P Global-S&P Global Announces Leadership Succession

Core Insights - S&P Global has appointed Martina L. Cheung as the new President and CEO, effective November 1, 2024, succeeding Douglas L. Peterson, who will remain as a special advisor until December 31, 2025 [18][22]. Leadership Transition - The Board of Directors conducted a thorough succession process, expressing confidence in Ms. Cheung's leadership capabilities to guide S&P Global into its next growth phase [16][19]. - Douglas L. Peterson has been instrumental in transforming S&P Global, overseeing significant growth and strategic investments during his tenure as CEO since 2013 [5][23]. Financial Performance - Under Ms. Cheung's leadership, S&P Global Ratings achieved $3.3 billion in annual revenue for 2023, marking a 9% increase from the previous year, with a full-year operating profit margin of 56.5% [15]. - S&P Global Sustainable1 experienced a revenue growth of 24% in 2023 [15]. Company Growth and Strategy - During Peterson's leadership, S&P Global's revenue grew from$ 4.45 billion to $12.50 billion, with adjusted diluted earnings per share increasing from$ 2.75 to $12.60 [23]. - The company returned over$ 30 billion to shareholders through dividends and share repurchases, and its market capitalization increased from $16 billion to over$ 135 billion [23]. Industry Impact and Recognition - Ms. Cheung has been recognized for her leadership and contributions to the industry, receiving multiple awards and honors, including the 2023 Top 100 Women Executives and the 2024 Top 100 Empower Executives lists [4]. - Peterson's leadership has positioned S&P Global as a focused, market-oriented information services company, anticipating key trends in financial markets [20].