S&P Global appoints Martina Cheung as CEO

S&P Global announced on Thursday that it has appointed insider Martina Cheung as Chief Executive Officer (CEO), with effect from November 1. Cheung will succeed Douglas Peterson.

The company stated that retiring CEO Peterson will remain on the Board until May 2025 and will serve as a special adviser to the company until December 31, 2025. This leadership transition occurs as expectations for the U.S. Federal Reserve to avoid a recession are growing, leading investors to increasingly spend on analytics and data-related products. This trend is favorable for companies like S&P Global, renowned for its rating agency business and stock market indexes.

In addition to her current role, Cheung has served as the company’s Chief Strategy Officer and led its Market Intelligence unit. Yann Le Pallec, Executive Managing Director and Head of Global Ratings Services at S&P Global Ratings, will succeed Cheung as President of the Ratings unit. Cheung will also take on the role of the company’s President and has been elected to the Board.