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Moody’s Corporation Elects Zig Serafin to Board of Directors

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Moody’s Corporation (NYSE:MCO) announced the election of Zig Serafin to its Board of Directors, effective July 14, 2021. Serafin will serve on the Audit, Governance & Nominating, and Compensation & Human Resources committees, expanding the Board to ten directors. His experience includes serving as CEO of Qualtrics and various senior roles at Microsoft, where he focused on enterprise collaboration and artificial intelligence. His addition aims to enhance the perspectives and experiences of Moody’s stakeholders, including stockholders and employees.

Positive
  • Zig Serafin brings extensive experience in software management and innovative technology application.
  • His leadership at Qualtrics and Microsoft is expected to strengthen Moody's strategic direction.
Negative
  • Concerns about continuity and potential experience gaps on the Board.

Moody’s Corporation (NYSE:MCO) announced today that Zig Serafin has been elected to the Company’s Board of Directors, effective July 14, 2021.

Mr. Serafin will join the Board’s Audit, Governance & Nominating and Compensation & Human Resources committees. With the election of Mr. Serafin, Moody’s Board will consist of ten directors.

“Zig’s extensive experience in growing and managing a dynamic software company, as well as his application of innovative technologies to address customer needs, contributes to the valuable perspective he will bring to Moody’s,” said Raymond McDaniel, Chairman of Moody’s Corporation. “We look forward to working with Zig and welcome him to Moody’s board.”

“Moody’s is a world leader in using data to help organizations make the right decisions, a commitment that I share,” said Mr. Serafin. “I am proud to join distinguished colleagues on the Moody’s board, and I look forward to strengthening the experiences of the company’s stockholders, employees, and customers all over the world.”

Mr. Serafin has served as CEO of Qualtrics International, the leading experience management software provider, since 2020, earlier serving as President and Chief Operating Officer. Prior to Qualtrics, Mr. Serafin spent 17 years at Microsoft where he held a variety of senior roles, including Corporate Vice President. He led Microsoft’s enterprise collaboration services business as well as the global teams responsible for the design and development of Microsoft’s artificial intelligence platform.

Mr. Serafin holds a B.S. from Brigham Young University.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE:MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Our 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 11,500 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.

FAQ

Who is Zig Serafin and what is his role at Moody's Corporation?

Zig Serafin is the newly elected board member at Moody's Corporation, effective July 14, 2021. He will serve on the Audit, Governance & Nominating, and Compensation & Human Resources committees.

What experience does Zig Serafin bring to Moody's Corporation?

Zig Serafin has extensive experience as CEO of Qualtrics and has held senior roles at Microsoft, focusing on enterprise collaboration services and AI.

How many directors are on Moody's Board after Zig Serafin's election?

With Zig Serafin's election, Moody's Board of Directors now consists of ten directors.

What committees will Zig Serafin serve on at Moody's?

Zig Serafin will serve on the Audit, Governance & Nominating, and Compensation & Human Resources committees.

What are the expected impacts of Zig Serafin's election on MCO stock?

Serafin's election is expected to bring fresh perspectives and strengthen leadership, potentially enhancing the experiences of stakeholders.

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