CFO beginning CFO transition on September 5

Moody’s announced that Mark Kaye will step down as Executive VP and CFO, effective September 5 to assume a CFO role at another company. At that time, Caroline Sullivan, Chief Accounting Officer & Corporate Controller, will assume the role of Interim CFO in addition to maintaining her current responsibilities. Moody’s has initiated a search process to identify a permanent CFO and has retained a nationally recognized search firm to assist in evaluating both internal and external candidates. Kaye will remain CFO through September 5th to ensure a seamless transition. Caroline Sullivan joined Moody’s in 2018 to lead its global accounting and financial reporting functions, including internal financial controls, regulatory reporting, tax and treasury. Prior to joining Moody’s, Sullivan was Global Banking Controller for Bank of America. Before joining Bank of America, Sullivan was at Morgan Stanley for six years and held a variety of controllership roles in New York and Hong Kong.