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S&P Global Names Martina Cheung as CEO

Michael Tobin
·1-min read

(Bloomberg) -- S&P Global Inc. named Martina Cheung, the president of its credit ratings division, as its next chief executive officer.

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Cheung will become CEO effective Nov. 1, the company said in a statement, and will join the board on July 1. She will suceed Douglas Peterson, who will remain on the board and be a special adviser to the company until 2025. S&P maintained its full-year financial guidance and appointed Yann Le Pallec to succeed Cheung.

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Under Cheung, S&P Global Ratings saw its revenue rise 9% last year to $3.3 billion. She joined the company in 2010 as vice president of operations for the ratings division, went to on become the company’s chief strategy officer and later led its market intelligence unit.

Peterson has been S&P’s CEO since 2013, and helped grow the company’s revenue from $4.45 billion to $12.5 billion. He also oversaw the company’s acquisition of IHS Markit in 2022.

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