Summary
Moody's Corporation announced a key change to its Board of Directors on February 13, 2019, with the election of Ms. Thérèse Esperdy, effective March 1, 2019. Ms. Esperdy brings extensive experience from her long tenure at JPMorgan Chase & Co., where she held significant leadership roles in global financial institutions, banking, and debt capital markets. Her expertise is expected to be a valuable asset to Moody's Board, particularly as she will serve on the Audit, Governance & Nominating, and Compensation & Human Resources Committees. The addition of Ms. Esperdy increases the size of the Board to ten directors. Her compensation package for this role includes an annual cash retainer and restricted stock units, reflecting the company's standard compensation plan for non-employee directors. This event, detailed in an accompanying press release filed as Exhibit 99.1, signifies a strategic reinforcement of the Board's governance and oversight capabilities with a seasoned financial industry professional.
Key Highlights
- 1Thérèse Esperdy elected to Moody's Board of Directors, effective March 1, 2019.
- 2Ms. Esperdy brings substantial experience from JPMorgan Chase & Co., including leadership in Global Chairman of Financial Institutions Group and Co-Head of Banking, Asia Pacific.
- 3The Board size will increase to ten directors following Ms. Esperdy's appointment.
- 4Ms. Esperdy will serve on key Board committees: Audit, Governance & Nominating, and Compensation & Human Resources.
- 5Her compensation package includes an annual cash retainer of $105,000 and restricted stock units valued at $180,000.
- 6The appointment is detailed in a press release furnished as Exhibit 99.1 to the 8-K filing.