8-KLeadership Changes

MOODYS CORP /DE/ 8-K Report, Executive Changes (Mar 11, 2025)

Filed March 11, 2025For Securities:MCO

Summary

Moody's Corporation (MCO) has announced a change in its accounting leadership. Caroline Sullivan, the current Chief Accounting Officer and Corporate Controller, will be departing from her role effective April 1, 2025, after a mutual agreement. Ms. Sullivan has held this position since December 2018 and will remain with the company for a transitional period. Jason Phillips has been appointed as the successor to Ms. Sullivan. Mr. Phillips, who has been with Moody's since 2003, has a strong background within the company's accounting and financial reporting teams, most recently serving as Managing Director, Assistant Controller. His extensive experience and qualifications, including his CPA designation, position him to smoothly transition into the Chief Accounting Officer and Controller role.

Key Highlights

  • 1Caroline Sullivan, Chief Accounting Officer and Corporate Controller, will depart on April 1, 2025.
  • 2Ms. Sullivan will stay for a transitional period.
  • 3Jason Phillips is appointed as the new Chief Accounting Officer and Controller, effective April 1, 2025.
  • 4Mr. Phillips has been with Moody's since 2003, holding various senior accounting roles.
  • 5Mr. Phillips' recent roles include Managing Director, Assistant Controller and Managing Director, Financial Reporting, Accounting Research and Policy, Consolidations.
  • 6Mr. Phillips is a CPA and holds a B.S. in Accounting from Penn State.
  • 7The appointment of Mr. Phillips was not based on any specific arrangements and he has no disclosable related party transactions.

Frequently Asked Questions

Caroline Sullivan and Moody's Corporation have mutually agreed that she will depart from her position as Chief Accounting Officer and Corporate Controller. The company stated she is expected to remain for a transitional period.

Jason Phillips will succeed Caroline Sullivan as the Chief Accounting Officer and Controller, effective April 1, 2025.

Jason Phillips has a long tenure at Moody's, joining in 2003. He has held multiple positions of increasing responsibility within the Controllership's General Accounting, Consolidations, External Reporting, and Accounting Policy teams, including his most recent roles as Managing Director, Assistant Controller and Managing Director, Financial Reporting, Accounting Research and Policy, Consolidations.

This particular 8-K filing does not disclose any specific financial implications or severance packages related to Ms. Sullivan's departure or Mr. Phillips' appointment. The focus is on the change in officers and the qualifications of the successor.