S&P Global Inc., the renowned financial information company, has announced the appointment of Martina Cheung as its new Chief Executive Officer, effective November 1. Cheung, who has served in various leadership roles during her 14-year tenure at S&P Global, will succeed Douglas Peterson, the company’s CEO since 2013.
The announcement coincides with growing investor confidence that the U.S. Federal Reserve will avoid a recession, increasing spending on analytics and data-related products. This positive trend favours companies like S&P Global, which is well-known for its rating agency business and stock market indexes.
Cheung currently leads S&P Global Ratings, which reported an annual revenue of $3.3 billion in 2023, marking a 9% increase from the previous year. In addition to her current role, she has served as the company’s Chief Strategy Officer and led its Market Intelligence unit.
Douglas Peterson will retire as CEO but will remain with the board until May 2025 and serve as a special adviser to the company until December 31, 2025. Yann Le Pallec, currently Executive Managing Director and Head of Global Ratings Services at S&P Global Ratings, will succeed Cheung as President of the Ratings unit.
Martina Cheung will also assume the role of the company’s President and has been elected to the board. Her appointment comes at a pivotal time for S&P Global as it continues to expand its offerings in financial analytics and data-driven products.
