Summary
S&P Global Inc. (SPGI) has announced the appointment of Eric Aboaf as its new Chief Financial Officer (CFO), effective February or March 2025. Mr. Aboaf brings extensive financial leadership experience, most recently serving as CFO and Vice Chairman at State Street Corporation since 2016. His background includes a strong track record in global financial strategy, treasury, accounting, reporting, M&A, and investor relations. This appointment is a significant leadership transition for S&P Global. Mr. Aboaf's compensation package includes a base salary of $825,000, a target short-term incentive of $1,800,000, and significant equity awards totaling $6,500,000 in his first year, comprising both performance-based and time-based restricted stock units. He will also receive a one-time signing bonus of $2,400,000 and a one-time equity award of $5,900,000 to compensate for forfeited compensation from his previous employer. This move signals a strategic investment in experienced financial leadership as the company moves forward.
Key Highlights
- 1Eric Aboaf appointed as new Chief Financial Officer (CFO), effective February/March 2025.
- 2Mr. Aboaf joins from State Street Corporation, where he held CFO and Vice Chairman roles.
- 3Annual base salary for Mr. Aboaf set at $825,000.
- 4Target short-term incentive opportunity of $1,800,000 for 2025 (prorated).
- 5Significant annual equity-based awards with a target opportunity of $6,500,000 (PSUs and RSUs).
- 6One-time signing bonus of $2,400,000 to offset forfeited compensation.
- 7One-time equity award of $5,900,000 (RSUs and PSUs) to compensate for forfeited equity.