Moody’s Corporation Appoints Vincent Forlenza as Chairman

NEW YORK (USA)–( BUSINESS WIRE )–Moody’s Corporation (NYSE:MCO) today announced that Vincent Forlenza will be named Chairman of its Board of Directors on April 18, 2023. Forlenza, Former Chairman and CEO of Becton , Dickinson and Company, joined Moody’s Board of Directors in 2018 and is currently its Lead Independent Director. He will succeed Raymond W. McDaniel, Jr., who will retire from the Moody’s board, having been chairman since January 2021 and CEO of Moody’s from 2005 to 2020. 

“It’s an honor to take on this role at such an exciting time at Moody’s,” said Forlenza. “Since joining the board in 2018, I have watched Moody’s help clients navigate an unprecedented and ever-changing risk landscape by making smart investments and strategically expanding their offerings. As a result, Moody’s finds itself in a position of strength. I look forward to working with the entire Board to capitalize on this momentum and further expand the value we deliver to customers, shareholders and our workforce.”

Rob Fauber, President and CEO of Moody’s Corporation, commented, “Vince’s experience leading and growing a large international business, along with his extensive service on the board, provide him with unique perspectives in areas vital to Moody’s future growth. We are extremely fortunate to benefit from his extensive experience as we move forward with our strategy to be the leading provider of integrated risk perspectives.”

Forlenza, 69, was a director of Becton, Dickinson and Company (BD), a global medical technology company, from 2011 to April 2021 and chairman of its board from 2012 to April 2021. He was CEO of BD from 2011 to January 2020 and President from 2009 to April 2017. Forlenza is Chair of the Lehigh University Board of Trustees and a Director of MARAbio Systems, Inc. and the MNHI. Prior to that, he was president of AdvaMed, the medical device industry association and the Valley Hospital System in New Jersey (USA).

Fauber thanked McDaniel for his decades of service to Moody’s and its shareholders:

“It’s impossible to put into words the indelible mark Ray left on Moody’s. For nearly 40 years, Ray has been dedicated to increasing the value of Moody’s and our solid foundation today is a testament to his immeasurable contributions. On behalf of the entire company, I want to thank Ray for his unwavering commitment and passion in building Moody’s into the dynamic business it is today and a place where people want to come and stay.”

ABOUT MOODY’S CORPORATION

Moody’s (NYSE:MCO) is a global risk assessment company that empowers organizations to make better decisions. Its data, analytics 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 approximately 14,000 employees in more than 40 countries, Moody’s combines an international presence with local expertise and more than a century of financial markets experience. Learn more at moodys.com/about .