Summary
This Form 8-K filing by Moody's Corporation (MCO) announces a key executive change within its finance department. Effective August 1, 2016, Michael S. Crimmins has been appointed as the new Senior Vice President – Corporate Controller and principal accounting officer. This appointment follows the previously announced retirement of Joseph (Jay) McCabe from the same role. Mr. Crimmins brings extensive experience to the position, having served Moody's in various financial leadership roles since 2006, including his most recent role as Managing Director – Assistant Controller. His prior experience includes significant tenures at Deloitte & Touche LLP and PricewaterhouseCoopers LLP, and he is a Certified Public Accountant. The filing also details the compensatory arrangements for Mr. Crimmins, including an increase in base salary, annual incentive cash target, and a restricted stock unit award, reflecting the significance of his new role.
Key Highlights
- 1Michael S. Crimmins appointed Senior Vice President – Corporate Controller and principal accounting officer, effective August 1, 2016.
- 2This appointment is in anticipation of the retirement of Joseph (Jay) McCabe, previously announced.
- 3Mr. Crimmins has a strong internal track record at Moody's, holding various financial leadership roles since 2006.
- 4He possesses external experience from prominent accounting firms Deloitte & Touche LLP and PricewaterhouseCoopers LLP.
- 5Mr. Crimmins is a New York State Certified Public Accountant.
- 6Compensatory adjustments for Mr. Crimmins include a base salary increase, annual incentive cash target increase, and a restricted stock unit award.