The McGraw-Hill Companies Announces Organizational and Management Changes
Mr. Eccleston said, "I am excited to lead this new segment, McGraw-Hill Financial, which will be a faster, more powerful organization combining desktop, market and credit capabilities to create differentiated solutions for customers."
Before joining Standard & Poor's in 2008, Mr. Eccleston was Chairman and Chief Executive Officer of Pivot Inc., a leading provider of communications networks for institutional investors. Previously, he served as President of Global Sales, Marketing and Services for Thomson Financial, managing the integration of separate sales, service and marketing operations around the world into one globally coordinated entity. Before that, Mr. Eccleston was a managing director with Bloomberg L.P.
This organizational change will enable the other new segment, Standard & Poor's, to focus on creating enhanced credit risk benchmarks and research for the expanding global markets in the new and evolving regulatory environment. It reflects Standard & Poor's commitment to providing independent, timely and quality credit ratings and research opinions.
Mr. Sharma, the President of Standard & Poor's said, "As the capital markets develop and grow, we will continue to build out our ratings capabilities and insights to help investors navigate risks around the world."
Mr. Sharma joined Standard & Poor's in 2006 as Executive Vice President, Investment Services and Global Sales, and was named President in 2007. Before joining Standard & Poor's, he was Executive Vice President, Global Strategy at The McGraw-Hill Companies for five years. Mr. Sharma joined The McGraw-Hill Companies in 2002 from Booz Allen Hamilton, a global management consulting company, where he was a partner.
New Leaders for Finance and McGraw-Hill Education
Mr. McGraw said, "I am extremely pleased to welcome Jack Callahan to the company as Chief Financial Officer. He is a creative and dynamic leader with a proven record of success in financial and operational positions around the world, including Asia and South America."