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.