NEW
YORK, June 27, 2024 /PRNewswire/ -- S&P
Global Ratings today announced that Yann Le Pallec, current
Executive Managing Director and Head of Global Ratings Services of
S&P Global Ratings, has been appointed President of S&P
Global Ratings. In his new role, Mr. Le Pallec will have ultimate
responsibility for all aspects of the business, including
commercial, analytical, control, and operations functions. He will
succeed Martina L. Cheung, effective
November 1, 2024, at which time Ms.
Cheung will become President and Chief Executive Officer of S&P
Global.
Since joining the Company in 1999, Mr. Le Pallec has served in
several diverse roles of increasing responsibility within S&P
Global Ratings, developing deep expertise in credit markets, as
well as experience in change management and talent development. In
his current role, Mr. Le Pallec leads a group of over 2,200
analysts and support staff across 28 countries, covering more than
one million outstanding ratings on entities and securities across
various sectors, including governments, corporations, and financial
institutions.
"Yann is a veteran of the S&P Global Ratings team and an
expert on our business and the industry," said Ms. Cheung. "He is
deeply committed to safeguarding the analytical integrity,
independence, and excellence that sets our ratings business apart,
and the thought leadership the markets seek from us around the
world. I am confident that the business will continue to thrive
under his leadership, and I look forward to partnering closely with
him through this transition."
"We couldn't be happier with Yann's appointment as the future
head of our Ratings business," said Douglas
L. Peterson, current President and CEO of S&P Global. "I
had the privilege of working closely with Yann during my time as
President of the division, when he oversaw analytics for
Europe, the Middle East and Africa. Yann is a great leader and an
exceptional person, and I am excited to see the great things he
will accomplish for the division and for S&P Global."
"I am thrilled to have the opportunity to step into this new
leadership position," said Mr. Le Pallec. "It has been a privilege
to work with the phenomenal teams in S&P Global Ratings, and I
have strong conviction in our continued success, as we capture our
growth opportunities and build on the analytical excellence and
transparency that are synonymous with our ratings agency. I am
eager to begin this next chapter in my career alongside such valued
and respected colleagues."
About Yann Le Pallec
Yann Le Pallec is Executive Managing Director and Head of Global
Ratings Services which includes Analytics, Research and
Operations.
He is based in Paris and is a
member of the S&P Global Ratings Operating Committee. Yann
oversees a group of more than 2,200 analysts and support staff
across 28 countries that covers more than one million outstanding
ratings on entities and securities across a wide range of sectors.
These include governments, corporations, financial institutions,
and structured finance.
Yann also chairs the Board of CRISIL Ltd. CRISIL Ltd is a global
provider of benchmarks and analytics for the financial community
and also owns CRISIL Ratings, a leading credit rating agency in
India. CRISIL Ltd is listed on
BSA, the Mumbai
stock-exchange.
Yann has held a diverse set of responsibilities in his career at
S&P Global Ratings. In 2016, he was Head of Global Corporate
Ratings, a group composed of 500 analysts responsible for analyzing
over 4,000 non-financial corporations worldwide. From 2011 until
2015, he was responsible for S&P's market-leading credit
ratings business in EMEA, managing a team of over 900 rating
analysts and support staff operating from 12 offices. Previously,
Yann was Head of EMEA Corporate and Government Ratings, after
various managerial and analytical positions in the Insurance and
Sovereign & Public Sector groups.
Before joining S&P Global Ratings in 1999, Yann was a Senior
Manager with the Paris-based audit
firm Salustro Reydel.
Yann holds a Master's degree in Business from Ecole Supérieure
des Sciences Economique et Commerciales (ESSEC) in
France.
About Martina L.
Cheung
Martina L. Cheung is President of
S&P Global Ratings. Ms. Cheung also serves as the Executive
Lead of S&P Global Sustainable1, responsible for driving the
enterprise-wide growth strategy for sustainability.
Ms. Cheung joined the Company in 2010 as Vice President of
Operations for S&P Global Ratings and went on to serve as
S&P Global's Chief Strategy Officer, where she was responsible
for developing the Company's growth and innovation investment
priorities. She was also Head of Risk Services in S&P Global
Market Intelligence, helping clients navigate the complex credit
and risk landscape. She most recently led S&P Global Market
Intelligence, and Ms. Cheung formerly served on the Board of
CRISIL.
Ms. Cheung is a member of the Council on Foreign Relations, the
Economic Club of New York, and
served on the U.S. Commodity Futures Trading Commission's (CFTC)
subcommittee on Climate-Related Market Risk. Ms. Cheung has spoken
on key industry topics covering technology, cyber security, energy
transition, and diversity in the workforce across public forums
that include the World Economic Forum at Davos and the Institute for International
Finance, among others.
In recognition of her industry-wide impact and leadership, Ms.
Cheung received the prestigious Merit Award from The Women's Bond
Club in 2022. She was also honored by INvolve on the 2023 Top 100
Women Executives and the 2024 top 100 Empower Executives lists. Ms.
Cheung was recognized at the 2022 Ascend A-List Awards for her
contributions to advancing Pan-Asian professionals. She was also
inducted into the Academy of Women Leaders by the YWCA New York
City in 2016.
Ms. Cheung is the S&P Global Executive Sponsor for the
Women's Initiative for Networking Success (WINS). Ms. Cheung serves
on the Board of Trustees for Catholic Charities New York.
Prior to joining S&P Global, Ms. Cheung worked in the
consulting industry, first in Accenture's Financial Services
Strategy group and later as a Partner at Mitchell Madison
Consulting. She holds a Bachelor's Degree in Commerce and a
Master's Degree in Business Studies from National University of Ireland, Galway.
About S&P Global Ratings
S&P Global Ratings, part of S&P Global Inc. (NYSE: SPGI),
is the world's leading provider of independent credit risk
research. We publish more than a million credit ratings on debt
issued by sovereign, municipal, corporate and financial sector
entities. With over 1,600 credit analysts in 27 countries, and more
than 150 years' experience of assessing credit risk, we offer a
unique combination of global coverage and local insight. Our
research and opinions about relative credit risk provide market
participants with information that helps to support the growth of
transparent, liquid debt markets worldwide.
Media:
Christopher
Krantz
Communications
Tel: +44 7976 632 638
christopher.krantz@spglobal.com
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SOURCE S&P Global Ratings