NEW YORK--(BUSINESS WIRE)--
Moody’s Corporation announced today that Jorge Bermudez has been elected
to its board of directors. The election is effective April 19, 2011. Mr.
Bermudez will serve as a member of the Audit Committee and the
Governance & Compensation Committee of the Board.
Mr. Bermudez, 59, held numerous executive positions during a 33-year
career with Citigroup, Inc., most recently as Chief Risk Officer. Prior
to that he was Chief Executive Officer of the Commercial Business Group
in North America and Citibank Texas; Senior Advisor for Citigroup
International; Chief Executive Officer of Citigroup Latin America; Chief
Executive Officer, eBusiness, Global Cash Management and Trade; and head
of Citibank Corporate and Investment Bank, South America. Mr. Bermudez
also held leadership positions in other divisions including equity
investments, credit policy and corporate banking.
“Jorge Bermudez’s distinguished career offers us a wealth of knowledge
and expertise drawn from his extensive experience in risk management and
his global business perspective on financial services,” said Raymond
McDaniel, Jr., Chairman and CEO, Moody's Corporation. “His background
and expertise are a strong addition to Moody’s board.”
Mr. Bermudez is a director of the Federal Reserve Bank of Dallas,
Houston Branch, the Electric Reliability Council of Texas and the
Association of Former Students, Texas A&M University. He served as a
director of Citibank N.A. from 2005 to 2008.
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 offers leading-edge software,
advisory services and research for credit and economic analysis and
financial risk management. The Corporation, which reported revenue of $2
billion in 2010, employs approximately 4,500 people worldwide and
maintains a presence in 26 countries. Further information is available
at www.moodys.com.
Source: Moody’s Corporation