Moody's CFO Mark Kaye departs; Caroline Sullivan named interim CFO; FY2023 outlook reaffirmed

MOODYS CORP /DE/

Mark Kaye resigns as EVP & CFO effective Sept 5, 2023, to become CFO at another company; departure unrelated to financials or operations.
Caroline Sullivan, Chief Accounting Officer & Controller, assumes interim CFO role in addition to current responsibilities.
Sullivan awarded $100K cash bonus (payable after interim role) and $200K equity (60% PSUs, 20% options, 20% RSUs).
Moody's retained a national search firm to identify a permanent CFO, evaluating internal and external candidates.
Full-year 2023 outlook reaffirmed, as originally provided on July 25, 2023 with Q2 earnings.

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