Officers and Directors

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Raymond W. McDaniel Jr.
Chairman and Chief Executive Officer - Moody's Corporation

Raymond W. McDaniel, Jr. is Chairman and Chief Executive Officer of Moody's Corporation. In this role, Mr. McDaniel is responsible for all activities of the corporation and its two operating divisions: Moody's Investors Service, the credit rating agency; and Moody's Analytics.

Mr. McDaniel has held a variety of positions since joining the firm in 1987. He was named President of Moody's Investors Service in November 2001. He was promoted to Executive Vice President of the corporation and was elected to its board of directors in April 2003. Mr. McDaniel was appointed Chief Operating Officer of Moody's Corporation in January 2004, and was named President of the corporation in October 2004. He assumed responsibility as Chairman and Chief Executive Officer in April 2005.

During his tenure, Mr. McDaniel has helped lead the company to record levels of financial performance and implemented important enhancements to Moody's ratings practices. Some of these initiatives include growing the core ratings and research business globally, implementing international expansion and new products, and improving professional practices in the ratings business by enhancing credit policies, rating committee processes, and credit research capabilities.

In his earlier days with the firm, Mr. McDaniel served as Senior Managing Director for Global Ratings & Research. He was Managing Director for International, with responsibility for designing and managing regional expansion in Asia, Europe and the Americas.

Mr. McDaniel also served as Managing Director for Moody's Europe, based in London. In that capacity, he was responsible for managing all business and rating activities for Moody's in the region. He began his Moody's career as a Senior Analyst in the Asset Securitization department in New York.

Mr. McDaniel holds a J.D. from Emory University School of Law and a B.A. in political science from Colgate University. He was admitted to the Bar of the State of New York in 1984, and is a member of the board of directors of John Wiley & Sons, Inc. and the National Council on Economic Education.

Holdings: 161,778 shares     View Transactions
Date Type Shares Traded Price Range
May 7, 2009 Option Execute 18,337 14.06
May 6, 2009 Automatic Sell 51,000 31.03 - 31.50
May 6, 2009 Option Execute 81,663 14.06
May 6, 2009 Automatic Sell 30,663 31.05 - 31.37
May 5, 2009 Option Execute 17,730 14.06
May 4, 2009 Automatic Sell 82,070 30.00
May 4, 2009 Option Execute 82,070 14.06
Apr 30, 2009 Automatic Sell 200 30.00
Apr 30, 2009 Option Execute 200 14.06
Apr 13, 2009 Automatic Sell 83,860 24.84
Apr 13, 2009 Option Execute 83,860 10.71 - 10.99
Mar 2, 2009 Disposition (Non Open Market) 3,289 17.11
Mar 3, 2008 Disposition (Non Open Market) 8,960 37.20
May 29, 2007 Sell 37,150 70.00 - 70.10
May 29, 2007 Option Execute 37,150 9.04 - 12.89
Apr 17, 2007 Sell 37,150 70.00
Apr 17, 2007 Option Execute 37,150 9.04 - 12.89
Mar 1, 2007 Disposition (Non Open Market) 8,799 64.84
Feb 12, 2007 Acquisition (Non Open Market) 32,052 n/a
Feb 9, 2007 Disposition (Non Open Market) 1,652 74.46
Nov 20, 2006 Sell 8,800 68.61 - 69.07
Nov 20, 2006 Option Execute 13,674 10.74
Nov 20, 2006 Sell 4,874 69.08 - 69.39
Aug 28, 2006 Sell 1,874 59.68 - 59.79
Aug 28, 2006 Sell 11,800 59.02 - 59.67
Aug 28, 2006 Option Execute 13,674 10.74
Jun 5, 2006 Sell 1,300 52.70 - 52.80
Jun 5, 2006 Sell 14,085 52.38 - 52.69
Jun 5, 2006 Option Execute 15,385 8.08 - 8.44
Mar 6, 2006 Sell 15,385 67.40 - 67.73
Mar 6, 2006 Option Execute 15,385 8.08
Mar 1, 2006 Disposition (Non Open Market) 4,500 67.72
Feb 9, 2006 Disposition (Non Open Market) 3,106 63.30
Feb 8, 2006 Acquisition (Non Open Market) 36,094 n/a
Basil L. Anderson
Retired Vice Chairman - Staples, Inc.

Basil L. Anderson, age 61, is a member of the Audit and Governance and Compensation Committees of the Board of Directors. Mr. Anderson served as Vice Chairman of Staples, Inc., an office products company, from September 2001 until his retirement in March 2006. Prior to joining Staples, Mr. Anderson served as Executive Vice President and Chief Financial Officer of Campbell Soup Company from April 1996 to February 2001. Prior to joining Campbell Soup, Mr. Anderson was with Scott Paper Company where he served in a variety of capacities beginning in 1975, including Vice President and Chief Financial Officer from December 1993 to December 1995. Mr. Anderson is also a director of Staples, Inc., Becton Dickinson and Company, CRA International, Inc. and Hasbro, Inc.

Member Member of the Audit Committee
Member Member of the Governance and Compensation Committee
Holdings: 15,557 shares     View Transactions
Date Type Shares Traded Price Range
Sep 14, 2009 Acquisition (Non Open Market) 62 24.93
Jun 10, 2009 Acquisition (Non Open Market) 38 29.10
Mar 10, 2009 Acquisition (Non Open Market) 85 18.04
Feb 10, 2009 Acquisition (Non Open Market) 4,533 n/a
Dec 10, 2008 Acquisition (Non Open Market) 50 22.41
Sep 10, 2008 Acquisition (Non Open Market) 28 39.02
Jun 10, 2008 Acquisition (Non Open Market) 28 39.59
Mar 10, 2008 Acquisition (Non Open Market) 30 35.50
Dec 10, 2007 Acquisition (Non Open Market) 15 40.97
Sep 10, 2007 Acquisition (Non Open Market) 14 44.15
Jun 11, 2007 Acquisition (Non Open Market) 9 68.45
Mar 12, 2007 Acquisition (Non Open Market) 10 65.01
Feb 12, 2007 Acquisition (Non Open Market) 1,582 n/a
Feb 12, 2007 Acquisition (Non Open Market) 3,021 n/a
Dec 11, 2006 Acquisition (Non Open Market) 7 69.96
Sep 13, 2006 Acquisition (Non Open Market) 6 62.98
Jun 12, 2006 Acquisition (Non Open Market) 8 52.51
Mar 13, 2006 Acquisition (Non Open Market) 6 67.57
Feb 8, 2006 Acquisition (Non Open Market) 1,585 n/a
Darrell Duffie, Ph.D.
Dean Witter Distinguished Professor of Finance - Stanford University Graduate School of Business

Darrell Duffie, age 54, is a member of the Audit and Governance and Compensation Committees of the Board of Directors. Dr. Duffie is the Dean Witter Distinguished Professor in Finance at Stanford University's Graduate School of Business, and has been a member of the finance faculty at Stanford since 1984. He has authored numerous books and research articles on security markets, derivatives, credit risk management and other topics in finance and related fields. Dr. Duffie is a member of The Federal Reserve Bank of New York Financial Advisory Roundtable, a Fellow of the Econometric Society and the American Academy of Arts & Sciences, and is the President-elect of the American Finance Association. Dr. Duffie is also a director of iShares, a family of Exchange Traded Funds (ETFs) from Barclays Global Investors.

Member Member of the Audit Committee
Member Member of the Governance and Compensation Committee
Holdings: 6,075 shares     View Transactions
Date Type Shares Traded Price Range
Sep 14, 2009 Acquisition (Non Open Market) 18 24.93
Mar 10, 2009 Acquisition (Non Open Market) 25 18.04
Feb 10, 2009 Acquisition (Non Open Market) 4,533 n/a
Oct 28, 2008 Statement of Ownership 0 n/a
Oct 28, 2008 Acquisition (Non Open Market) 1,499 n/a
Robert R. Glauber
Retired Chairman and Chief Executive Officer - NASD

Robert R. Glauber, age 68, is a member of the Audit and Governance and Compensation Committees of the Board of Directors. Mr. Glauber has served as a senior advisor for Peter J. Solomon Company since November 2006 and as a visiting professor at Harvard Law School in the Program on International Financial Systems since September 2006. Mr. Glauber served as Chairman and Chief Executive Officer of NASD from September 2001 to August 2006. From November 2000 to September 2001, Mr. Glauber served as President and Chief Executive Officer of NASD. From 1992 to October 2000, Mr. Glauber was an adjunct lecturer at the Center for Business and Government at the John F. Kennedy School of Government at Harvard University. From 1989 to 1992 Mr. Glauber served as Under Secretary of the Treasury for Finance. Mr. Glauber is also a director of Freddie Mac and XL Capital Ltd.

Member Member of the Audit Committee
Member Member of the Governance and Compensation Committee
Holdings: 23,909 shares     View Transactions
Date Type Shares Traded Price Range
Sep 14, 2009 Acquisition (Non Open Market) 84 24.93
Jun 10, 2009 Acquisition (Non Open Market) 56 29.10
Mar 10, 2009 Acquisition (Non Open Market) 115 18.04
Feb 10, 2009 Acquisition (Non Open Market) 4,533 n/a
Dec 10, 2008 Acquisition (Non Open Market) 72 22.41
Sep 10, 2008 Acquisition (Non Open Market) 42 39.02
Jun 10, 2008 Acquisition (Non Open Market) 42 39.59
Mar 10, 2008 Acquisition (Non Open Market) 44 35.50
Feb 12, 2008 Acquisition (Non Open Market) 3,021 n/a
Dec 10, 2007 Acquisition (Non Open Market) 25 40.97
Sep 10, 2007 Acquisition (Non Open Market) 23 44.15
Jun 11, 2007 Acquisition (Non Open Market) 16 68.45
Mar 12, 2007 Acquisition (Non Open Market) 16 65.01
Feb 12, 2007 Acquisition (Non Open Market) 1,582 n/a
Dec 11, 2006 Acquisition (Non Open Market) 12 69.96
Nov 6, 2006 Sell 7,800 66.00 - 66.05
Nov 6, 2006 Option Execute 7,800 14.06
Nov 3, 2006 Sell 10,200 66.13 - 66.17
Nov 3, 2006 Option Execute 10,200 14.06
Oct 31, 2006 Sell 16,000 66.15 - 67.09
Oct 31, 2006 Option Execute 16,000 10.99 - 11.06
Sep 13, 2006 Acquisition (Non Open Market) 12 62.98
Jun 12, 2006 Acquisition (Non Open Market) 15 52.51
Mar 13, 2006 Acquisition (Non Open Market) 11 67.57
Feb 8, 2006 Acquisition (Non Open Market) 1,585 n/a
Ewald Kist
Retired Chairman - ING Groep N.V. (ING Group)

Ewald Kist, age 63, is Chairman of the International Business Development Committee and is a member of the Audit and Governance and Compensation Committees of the Board of Directors. Mr. Kist was Chairman of ING Groep N.V ("ING Group"), a financial services company, from 2000 to his retirement in June 2004. Before serving as Chairman of ING Group, Mr. Kist was Vice Chairman from 1999 to 2000 and served as a member of the Executive Board from 1993 to 1999. Prior to the merger of Nationale Nederlanden and NMB Postbank Group to form ING Group in 1992, Mr. Kist served in a variety of capacities at Nationale Nederlanden beginning in 1969, including Chairman from 1991 to 1992, General Management – the Netherlands from 1989 to 1991 and President Nationale Nederlanden US Corporation from 1986-1989. Mr. Kist is also a director of The DSM Corporation, Stage Entertainment, Inc. and Royal Philips Electronics.

Member Member of the Audit Committee
Member Member of the Governance and Compensation Committee
Holdings: 14,485 shares     View Transactions
Date Type Shares Traded Price Range
Feb 10, 2009 Acquisition (Non Open Market) 4,533 n/a
Feb 12, 2008 Acquisition (Non Open Market) 3,021 n/a
Feb 12, 2007 Acquisition (Non Open Market) 1,582 n/a
Feb 8, 2006 Acquisition (Non Open Market) 1,585 n/a
Senator Connie Mack
Senior Policy Advisor - King & Spalding LLP

Connie Mack, age 66, is a member of the Audit and Governance and Compensation Committees of the Board of Directors. Senator Mack has served as a senior policy advisor at the law firm King & Spalding LLP since February 2005 and served as a senior policy advisor at the law firm Shaw Pittman, LLP from February 2001 to February 2005. He was a United States Senator (R-FL) from 1989 to January 2001. While in the Senate, Senator Mack was the Republican Conference Chairman from 1997 to 2001, Chairman of the Joint Economic Committee from 1995 to 1997 and 1999 to 2001, and a member of the Senate Finance and Senate Banking, Housing and Urban Affairs committees. Senator Mack was Chairman of the President's Advisory Panel on Federal Tax Reform and is also a director of Darden Restaurants, EXACT Sciences Corporation, Mutual of America Life Insurance Company, and the H. Lee Moffitt Cancer Center.

Member Member of the Audit Committee
Member Member of the Governance and Compensation Committee
Holdings: 13,245 shares     View Transactions
Date Type Shares Traded Price Range
Feb 10, 2009 Acquisition (Non Open Market) 4,533 n/a
Feb 12, 2008 Acquisition (Non Open Market) 3,021 n/a
Feb 26, 2007 Sell 6,450 64.85 - 65.17
Feb 12, 2007 Acquisition (Non Open Market) 1,582 n/a
Feb 8, 2006 Acquisition (Non Open Market) 1,585 n/a
Henry A. McKinnell Jr., Ph.D.
Retired Chairman and Chief Executive Officer - Pfizer Inc

Henry A. McKinnell, Jr., age 64, is Chairman of the Governance and Compensation Committee, is a member of the Audit Committee and serves as the Lead Independent Director of the Board of Directors. Dr. McKinnell served as Chairman of the Board of Pfizer Inc. from May 2001 to December 2006 and Chief Executive Officer from January 2001 to July 2006. He served as President of Pfizer Inc from May 1999 to May 2001, and as President of Pfizer Pharmaceuticals Group from January 1997 to April 2001. Dr. McKinnell served as Chief Operating Officer of Pfizer Inc from May 1999 to December 2000, and as Executive Vice President from 1992 to 1999. He serves as a director of Angiotech Pharmaceuticals, Inc.

Member Member of the Audit Committee
Committee Chair Chair of the Governance and Compensation Committee
Holdings: 54,361 shares     View Transactions
Date Type Shares Traded Price Range
Sep 29, 2009 Option Execute 10,000 10.99
Sep 14, 2009 Acquisition (Non Open Market) 84 24.93
Jun 10, 2009 Acquisition (Non Open Market) 56 29.10
Mar 10, 2009 Acquisition (Non Open Market) 115 18.04
Feb 10, 2009 Acquisition (Non Open Market) 4,533 n/a
Dec 10, 2008 Acquisition (Non Open Market) 72 22.41
Nov 6, 2008 Option Execute 6,000 11.06
Sep 10, 2008 Acquisition (Non Open Market) 42 39.02
Jun 10, 2008 Acquisition (Non Open Market) 42 39.59
Mar 10, 2008 Acquisition (Non Open Market) 44 35.50
Feb 12, 2008 Acquisition (Non Open Market) 3,021 n/a
Dec 10, 2007 Acquisition (Non Open Market) 25 40.97
Oct 30, 2007 Option Execute 6,360 10.74
Sep 10, 2007 Acquisition (Non Open Market) 23 44.15
Jun 11, 2007 Acquisition (Non Open Market) 16 68.45
Mar 12, 2007 Acquisition (Non Open Market) 16 65.01
Feb 12, 2007 Acquisition (Non Open Market) 1,582 n/a
Dec 11, 2006 Acquisition (Non Open Market) 12 69.96
Sep 13, 2006 Acquisition (Non Open Market) 12 62.98
Jun 12, 2006 Acquisition (Non Open Market) 15 52.51
Mar 13, 2006 Acquisition (Non Open Market) 11 67.57
Feb 8, 2006 Acquisition (Non Open Market) 1,585 n/a
Nancy S. Newcomb
Retired Senior Corporate Officer - Risk Management, Citigroup Inc.

Nancy S. Newcomb, age 61, is a member of the Audit and Governance and Compensation Committees of the Board of Directors. Ms. Newcomb served as senior corporate officer, risk management, of Citigroup, a financial services company, from May 1998 until her retirement in 2004. She served as a customer group executive of Citicorp (the predecessor corporation) from December 1995 to April 1998, and as a division executive, Latin America from September 1993 to December 1995. From January 1988 to August 1993 she was the principal financial officer, responsible for liquidity, funding and capital management. Ms. Newcomb is also a director of The DIRECTV Group, Inc. and SYSCO Corporation.

Member Member of the Audit Committee
Member Member of the Governance and Compensation Committee
Holdings: 12,919 shares     View Transactions
Date Type Shares Traded Price Range
Feb 10, 2009 Acquisition (Non Open Market) 4,533 n/a
Feb 12, 2008 Acquisition (Non Open Market) 3,021 n/a
Feb 12, 2007 Acquisition (Non Open Market) 1,582 n/a
Feb 8, 2006 Acquisition (Non Open Market) 1,585 n/a
John K. Wulff
Retired Chairman - Hercules Incorporated

John K. Wulff, age 58, is Chairman of the Audit Committee and is a member of the Governance and Compensation Committee of the Board of Directors. Mr. Wulff served as non-executive chairman of the board of Hercules Incorporated, a manufacturer and supplier of specialty chemical products, from December 2003 through December 2008. Mr. Wulff was first elected as a director of Hercules in July 2003, and served as interim Chairman from October 2003 to December 2003. Mr. Wulff served as a member of the Financial Accounting Standards Board from July 2001 until June 2003. From January 1996 until March 2001, Mr. Wulff was Chief Financial Officer of Union Carbide Corporation. During his 14 years with Union Carbide, Mr. Wulff also served as Vice President and Principal Accounting Officer from January 1989 to December 1995, and Controller from July 1987 to January 1989. From April 1977 until June 1987, Mr. Wulff was a partner with KPMG and predecessor firms (accounting and consulting firms). Mr. Wulff is a director of Celanese Corporation and Sunoco, Inc.

Committee Chair Chair of the Audit Committee
Member Member of the Governance and Compensation Committee
Holdings: 22,557 shares     View Transactions
Date Type Shares Traded Price Range
Sep 14, 2009 Acquisition (Non Open Market) 62 24.93
Jun 10, 2009 Acquisition (Non Open Market) 38 29.10
Mar 10, 2009 Acquisition (Non Open Market) 85 18.04
Feb 10, 2009 Acquisition (Non Open Market) 4,533 n/a
Dec 10, 2008 Acquisition (Non Open Market) 50 22.41
Sep 10, 2008 Acquisition (Non Open Market) 28 39.02
Jun 10, 2008 Acquisition (Non Open Market) 28 39.59
Mar 10, 2008 Acquisition (Non Open Market) 30 35.50
Feb 12, 2008 Acquisition (Non Open Market) 3,021 n/a
Dec 10, 2007 Acquisition (Non Open Market) 15 40.97
Sep 10, 2007 Acquisition (Non Open Market) 14 44.15
Aug 14, 2007 Buy 5,000 50.00
Jun 11, 2007 Acquisition (Non Open Market) 9 68.45
Mar 12, 2007 Acquisition (Non Open Market) 10 65.01
Feb 12, 2007 Acquisition (Non Open Market) 1,582 n/a
Dec 11, 2006 Acquisition (Non Open Market) 7 69.96
Sep 13, 2006 Acquisition (Non Open Market) 6 62.98
Jun 12, 2006 Acquisition (Non Open Market) 8 52.51
Mar 13, 2006 Acquisition (Non Open Market) 6 67.57
Feb 8, 2006 Acquisition (Non Open Market) 1,585 n/a
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