Management ChangeOct 15, 2026, 05:06 PM
Moody's Board Member Jorge Bermudez Retires; Lisa Sawicki Appointed Audit Chair
AI Summary
Moody's Corporation announced the retirement of Board member Jorge Bermudez, effective October 12, 2026. His retirement is not due to any disagreements. Following his departure, the Board size remains at ten. Lisa Sawicki has been appointed as the new Chairman of the Audit Committee. Additionally, Keith Demmings, who was previously elected to the Board, has been appointed to the Governance & Nominating Committee and the Audit Committee. In recognition of Mr. Bermudez's service, the forfeiture requirement for his previously granted restricted stock units has been waived, leading to their full vesting.
Key Highlights
- Jorge Bermudez retires from Moody's Corporation Board of Directors after 15 years of service.
- The size of the Board of Directors will remain at ten members.
- Lisa Sawicki appointed Chairman of the Audit Committee.
- Keith Demmings appointed to the Governance & Nominating Committee and the Audit Committee.
- Forfeiture requirement for restricted stock units granted to Mr. Bermudez in February 2026 is removed, making them fully vested.
Price Impact
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