Henry McKinnell, Jr. Elected Chairman of Moody's Corporation

Moody's Corporation MCO announced today that its board of directors has elected its lead independent director, Henry A. McKinnell, Jr., PhD, as Chairman of the Board. This follows the board's decision earlier this year to separate the roles of Chairman and CEO. The board also elected CEO Raymond McDaniel, Jr. to the new position of President of Moody's Corporation. As President and CEO, Mr. McDaniel will continue to serve as a member of the board.