Protagonist Therapeutics Inc. (NASD: PTGX) will replace Encore Wire Corp. (NASD: WIRE) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 3. S&P Europe 350 constituent Prysmian SpA (MTAA: PRY) is acquiring Encore Wire in a deal expected to be completed soon pending final conditions.
(Bloomberg) -- S&P Global Inc. named Martina Cheung, the president of its credit ratings division, as its next chief executive officer. Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionSupreme Court Ends OxyContin Settlement, Cracking Sackler ShieldBiden Falters Against Trump in High-Stakes 2024 DebateBiden Struggles as He Spars With Trump on Economy: Debate TakeawaysCheung will become CEO effective
Cheung, who has held multiple leadership roles at S&P Global in her 14-year stint, will succeed Douglas Peterson, the company's chief executive since 2013. S&P Global announced that retiring CEO Peterson will remain with the board until May 2025, and will be a special adviser to the company till Dec. 31, 2025. This trend bodes well for companies such as S&P Global, known for its rating agency business and stock market indexes.