Moody’s Corporation Elects Lloyd W. Howell, Jr. to Board of Directors

Rhea-AI Summary

Moody's Corporation (NYSE:MCO) has appointed Lloyd W. Howell, Jr. to its Board, effective March 15, 2021. Howell, who is currently the CFO and Treasurer at Booz Allen Hamilton, will serve on multiple committees, enhancing the board's expertise in finance and governance. His background includes leadership roles at Booz Allen and experience in investment banking at Goldman Sachs. With this addition, Moody’s Board will now consist of 11 directors, aiming to leverage Howell's extensive experience with government and commercial clients to drive informed decision-making.

Positive

• Lloyd Howell's financial expertise and government experience are expected to enhance the Board's strategic direction.
• The addition of Howell brings the Board to 11 members, potentially improving governance and oversight.

Negative

• Concerns may arise regarding the continuity of leadership as the Board adapts to new members.
• Howell's extensive career primarily outside Moody's raises questions about industry-specific experience.

Moody's Corporation (NYSE:MCO) announced today that Lloyd W. Howell, Jr. has been elected to the company’s Board, effective March 15, 2021. Mr. Howell will join the Board’s Audit, Compensation & Human Resources and Governance & Nominating Committees. With the election of Mr. Howell, Moody’s Board will consist of 11 directors.

“Lloyd’s financial expertise and extensive experience working with government and commercial clients will bring invaluable perspective to Moody’s,” said Henry McKinnell, Jr., PhD, Chairman of Moody’s Corporation. “We are pleased to welcome him to the Board.”

Mr. Howell, 54, joined Booz Allen Hamilton in 1988 and is the firm’s Executive Vice President, Chief Financial Officer and Treasurer. He previously led the firm's Civil and Commercial business from 2013 to 2016, was Executive Vice President of Client Services from 2009 to 2013 and was Vice President of Strategy and Organization from 2000 to 2009. In 1991, he took a leave of absence from the firm to receive an M.B.A. from Harvard Business School and worked at Goldman Sachs in its investment banking division from 1993 to 1995. He is also a Trustee at the University of Pennsylvania and a member of their Board of Overseers of the School of Engineering and Applied Science.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE:MCO) is a global risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,400 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201218005108/en/

FAQ

What is the significance of Lloyd Howell's election to Moody's Board on March 15, 2021?

Lloyd Howell's election is significant as it brings financial expertise and experience with government clients to Moody's Board, enhancing its strategic capabilities.

How does Lloyd Howell's experience benefit Moody's Corporation?

Howell's extensive background in finance and leadership roles at Booz Allen Hamilton is expected to provide valuable perspectives on risk assessment and governance.

What committees will Lloyd Howell serve on at Moody's Corporation?

Lloyd Howell will serve on the Audit, Compensation & Human Resources, and Governance & Nominating Committees.

How many directors are currently on Moody's Board after Howell's appointment?

After the appointment of Lloyd Howell, Moody's Board will consist of 11 directors.