8-KLeadership ChangesOther Events

S&P Global Inc. 8-K Report, Executive Changes (Sep 30, 2020)

Filed September 30, 2020For Securities:SPGI

Summary

S&P Global Inc. (SPGI) announced significant changes to its Board of Directors leadership in this 8-K filing. Charles E. Haldeman, Jr., the current Non-Executive Chairman of the Board, will retire from the Board at the 2021 Annual Meeting of Shareholders, in line with the company's refreshment policies. His decision was not due to any disagreements with the company. Richard E. Thornburgh will succeed Mr. Haldeman as the independent Non-Executive Chairman of the Board, effective October 1, 2020. Additionally, Marco Alverà has been appointed as the new Chair of the Finance Committee. In conjunction with these leadership transitions, the Board has elected Ian P. Livingston as a new Director, effective immediately. Mr. Livingston's appointment is part of the company's proactive succession planning and he will serve on the Audit Committee and the Compensation and Leadership Development Committee. These changes reflect S&P Global's commitment to board refreshment and ongoing leadership development.

Key Highlights

  • 1Charles E. Haldeman, Jr. to retire from the Board at the 2021 Annual Meeting of Shareholders, not seeking re-election due to age policy.
  • 2Richard E. Thornburgh appointed as the new independent Non-Executive Chairman of the Board, effective October 1, 2020.
  • 3Ian P. Livingston elected as a new Director to the Board, effective immediately.
  • 4Mr. Livingston appointed to serve on the Audit Committee and the Compensation and Leadership Development Committee.
  • 5Marco Alverà appointed as the new Chair of the Finance Committee, effective October 1, 2020.
  • 6Mr. Haldeman's retirement from the Board is in accordance with company governance policies and not due to any disagreements.
  • 7The changes are part of proactive succession planning and board refreshment initiatives.

Frequently Asked Questions

Charles E. Haldeman, Jr. is retiring from the Board of Directors at the end of his current term and will not stand for re-election at the 2021 Annual Meeting of Shareholders. This decision aligns with the company's Corporate Governance Guidelines which have a retirement policy for directors reaching age 72. His departure is not a result of any disagreement with the company.

Richard E. Thornburgh has been appointed to succeed Mr. Haldeman as the independent Non-Executive Chairman of the Board, effective October 1, 2020. Mr. Thornburgh has been a Director since 2011 and previously chaired the Board's Finance Committee.

Yes, the election of Ian P. Livingston as a new Director is part of the company's proactive succession planning to fill the anticipated vacancy created by Mr. Haldeman's upcoming retirement. Mr. Livingston's appointment is effective immediately.

Ian P. Livingston will serve on the Board's Audit Committee and the Compensation and Leadership Development Committee.