NEW YORK--(BUSINESS WIRE)-- Moody's Corporation (NYSE:MCO) today announced that Robert Fauber has been promoted to Senior Vice President, Corporate Development for the Corporation. Mr. Fauber has led Moody's corporate development activities since joining the Company in 2005, including the origination, evaluation, and execution of investment, merger, and acquisition opportunities, as well as corporate strategy.

"Rob has demonstrated a strong record of success in leading our corporate development effort. He has established a proactive program to identify growth opportunities and developed effective strategies which will serve us well as we navigate the current global business environment," said Linda S. Huber, Executive Vice President and Chief Financial Officer of Moody's Corporation.

In addition to his ongoing corporate development responsibilities, Mr. Fauber will assume responsibility for the Company's enterprise data strategy and data governance. He will continue to report to Ms. Huber.

Prior to joining Moody's, Mr. Fauber served in several roles at Citigroup including Director in the Corporate Strategy & Business Development group and Vice President in the investment banking group. Mr. Fauber holds an M.B.A. with distinction from The Johnson School of Management at Cornell University and a B.A. in economics from the University of Virginia.

About Moody's Corporation

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which encompasses the growing array of Moody's non-ratings businesses including risk management software for financial institutions, quantitative credit analysis tools, economic research and data services, data and analytical tools for the structured finance market, and training and other professional services. The Corporation, which reported revenue of $1.8 billion in 2008, employs approximately 3,900 people worldwide and maintains a presence in 29 countries. Further information is available at www.moodys.com.

    Source: Moody's Corporation