Moody's Says CFO Mark Kaye Will Step Down Effective September 5, 2023, To Assume CFO Role At Another Company
Portfolio Pulse from Benzinga Newsdesk
Moody's Corporation's CFO, Mark Kaye, will step down on September 5, 2023, to take up a CFO role at another company. Caroline Sullivan, the current Chief Accounting Officer & Corporate Controller, will take over as Interim CFO while maintaining her existing responsibilities.
August 04, 2023 | 2:39 pm
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Moody's Corporation (MCO) will experience a change in its financial leadership as CFO Mark Kaye steps down. Interim CFO will be Caroline Sullivan.
Changes in key leadership positions, such as the CFO, can cause uncertainty among investors and potentially impact the company's stock price. However, the appointment of an interim CFO from within the company may mitigate some of this uncertainty. The impact on Moody's stock price will depend on investors' perception of the change and the performance of the incoming CFO.
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