By Victor Swezey

S&P Global named Martina Cheung as its next chief executive officer, effective Nov. 1.

Cheung, who is currently president of S&P Global Ratings, will succeed Douglas Peterson, who is retiring, the New York-based credit ratings agency said on Thursday. Peterson will remain on the board of directors until May, and will stay with the company as a special adviser until December 31, 2025.

Cheung, who joined S&P Global in 2010, was also appointed the company's board, effective July 1.

The company also said Cheung will be succeeded on Nov. 1 by Yann Le Pallec, executive managing director and head of global ratings services at S&P Global Ratings.

Peterson spent 11 years as CEO of S&P Global, after serving as chief operating officer at Citibank.

Write to Victor Swezey at victor.swezey@wsj.com


(END) Dow Jones Newswires

06-27-24 1758ET