Summary
Moody's Corporation (MCO) announced a key executive transition in its finance department via an 8-K filing on May 9, 2018. The company disclosed the impending resignation of Michael S. Crimmins, Senior Vice President and Corporate Controller, who also served as the principal accounting officer and, on an interim basis, as the principal financial officer. Mr. Crimmins' departure is scheduled for around June 15, 2018, as he seeks other career opportunities. To ensure a smooth transition, Moody's has appointed Jeffrey Hare, Senior Vice President – Corporate Planning & Risk, to serve as the interim principal financial officer, and David Hogan, Managing Director – Assistant Controller, as the interim principal accounting officer, effective June 16, 2018. The company has initiated a search for Mr. Crimmins' permanent replacement, indicating a proactive approach to maintaining financial leadership stability.
Key Highlights
- 1Michael S. Crimmins, Senior Vice President and Corporate Controller, is resigning effective around June 15, 2018.
- 2Mr. Crimmins held the critical roles of Principal Accounting Officer and, on an interim basis, Principal Financial Officer.
- 3Jeffrey Hare has been appointed as the interim Principal Financial Officer, effective June 16, 2018.
- 4David Hogan has been appointed as the interim Principal Accounting Officer, effective June 16, 2018.
- 5The company is actively searching for a permanent successor to Mr. Crimmins.
- 6This filing relates to Item 5.02 of the 8-K form, concerning departures and appointments of officers.