McGraw Hill Financial Names Douglas Peterson as CEO (MHFI)

McGraw Hill Financial Names Douglas Peterson as CEO (MHFI)

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Information provider McGraw Hill Financial Inc (MHFI) announced on Thursday that its board has elected Douglas Peterson as the company’s new president and CEO.

Currently, Peterson is the president of S&P’s rating service, which is a business unit of MHFI. His role of CEO will become effective on November 1.

Peterson will replace MHFI’s current CEO Harold McGraw III. McGraw will continue to serve on the company’s board.

Mr. McGraw noted, “Doug Peterson is a proven global leader with an impressive track record of achievements in his outstanding career. He has successfully led the evolution at Standard & Poor’s Ratings Services since he joined the Company in 2011. Doug is a seasoned executive with more than 25 years of experience in financial services, including as Chief Operating Officer of Citibank, N.A., which operates in over 100 countries. Earlier in his career, Doug was CEO of Citigroup Japan and Chief Auditor of Citigroup. He also held leadership positions for Citibank in Uruguay and Costa Rica.”

McGraw Hill Financial shares were up 63 cents, or 1.13% during Thursday morning trading. The stock has been mostly flat YTD.

The Bottom Line
Shares of McGraw Hill Financial Inc (MHFI) have a 1.97% yield, based on Thursday morning’s price of $56.57.

McGraw Hill Financial Inc (MHFI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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