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    S&P Global Inc (SPGI)

    CEO Change

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    Business Description

    SPGI is a company that operates through several key business lines, providing essential data, analytics, and insights to various industries. The company primarily engages in Market Intelligence, Mobility, and Indices, offering subscription-based services and solutions that cater to finance, automotive, and investment sectors . SPGI's revenue growth is largely driven by the demand for market data and insights, with a strong emphasis on subscription models across its divisions .

    1. Market Intelligence - Provides data, analytics, and third-party research for finance and corporate professionals through Desktop, Data & Advisory Solutions, Enterprise Solutions, and Credit & Risk Solutions. Subscription revenue is a major contributor to this segment.

      • Desktop - Offers software access for financial data analysis.
      • Data & Advisory Solutions - Delivers tailored data and advisory services.
      • Enterprise Solutions - Supplies comprehensive data solutions for enterprises.
      • Credit & Risk Solutions - Provides tools for credit assessment and risk management.

    2. Mobility - Serves the automotive value chain, including OEMs, suppliers, and finance companies, with critical information and insights through subscription and consulting services.

    3. Indices - Offers valuation and index benchmarks for investment advisors and institutional investors, generating revenue from asset-linked fees, exchange-traded derivatives, and data subscriptions.

    Key Metrics

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    Executive Team

    NamePositionStart DateShort Bio
    Douglas L. PetersonPresident and Chief Executive OfficerNovember 1, 2013Douglas L. Peterson has served as the President and CEO of S&P Global since November 1, 2013. He joined the company in September 2011 as President of its credit ratings business. Before S&P Global, he was COO of Citibank .
    Ewout L. SteenbergenExecutive Vice President, Chief Financial OfficerNovember 2016Ewout L. Steenbergen has been the Executive Vice President and CFO at S&P Global since November 2016. His responsibilities expanded in 2021 to include leadership of Kensho Technologies and S&P Global Engineering Solutions .
    Christopher F. CraigInterim Chief Financial OfficerFebruary 12, 2024Christopher F. Craig began serving as the Interim CFO of S&P Global on February 12, 2024. He was previously the Senior Vice President, Controller, and Chief Accounting Officer since September 7, 2018 .
    Adam KanslerPresident, S&P Global Market IntelligenceMarch 1, 2022Adam Kansler was appointed President of S&P Global Market Intelligence effective March 1, 2022, following the merger with IHS Markit .
    Martina L. CheungPresident and CEO (effective)November 1, 2024Martina L. Cheung has been with S&P Global since May 2010. She was announced as the incoming President and CEO, effective November 1, 2024 .
    Saugata SahaPresident, S&P Global Market Intelligence and Chief Enterprise Data OfficerNovember 1, 2024Saugata Saha is the President of S&P Global Market Intelligence and Chief Enterprise Data Officer, effective November 1, 2024 .
    Edouard TavernierPresident, S&P Global MobilityFebruary 28, 2022Edouard Tavernier is the President of S&P Global Mobility, a division of S&P Global, since February 28, 2022 .
    Dan DraperChief Executive Officer, S&P Dow Jones IndicesJune 15, 2020Dan Draper is the CEO of S&P Dow Jones Indices, responsible for all aspects of the index business globally since June 15, 2020 .
    S. Swamy KocherlakotaExecutive Vice President, Chief Digital Solutions OfficerDecember 12, 2023S. Swamy Kocherlakota is the EVP, Chief Digital Solutions Officer at S&P Global, responsible for digital transformation. He joined as CIO on January 1, 2018 .
    Steven J. KempsExecutive Vice President, Chief Legal OfficerAugust 2016Steven J. Kemps has been the EVP and Chief Legal Officer at S&P Global since August 2016. He oversees legal operations and advises on business impacts of changing laws .
    Dimitra ManisExecutive Vice President, Chief Purpose OfficerMay 15, 2018Dimitra Manis serves as the EVP, Chief Purpose Officer at S&P Global. She was previously the EVP, Chief People Officer .
    Sally MooreChief Client OfficerNovember 1, 2024Sally Moore is the Chief Client Officer at S&P Global, effective November 1, 2024. She was previously EVP, Global Head of Strategy, M&A, and Partnerships .
    Eric AboafChief Financial Officer (effective)February 2025Eric Aboaf has been appointed as the CFO of S&P Global, effective February 2025. He was previously the CFO of State Street Corporation .
    Dave ErnsbergerCo-President, S&P Global Commodity InsightsNovember 1, 2024Dave Ernsberger is the Head of Market Reporting and Trading Solutions at S&P Global Commodity Insights. He will become co-President effective November 1, 2024 .
    Mark EramoCo-President, S&P Global Commodity InsightsNovember 1, 2024Mark Eramo is the Co-President of S&P Global Commodity Insights, effective November 1, 2024. He was previously Head of Fuels, Chemicals & Resource Solutions .
    Yann Le PallecPresident, S&P Global RatingsNovember 1, 2024Yann Le Pallec is the President of S&P Global Ratings, effective November 1, 2024. He has been with S&P Global Ratings since 1999 .
    Girish GanesanChief People OfficerNovember 1, 2024Girish Ganesan is the Senior Vice President of People at S&P Global and became Chief People Officer effective November 1, 2024 .
    Christina TwomeyChief Communications OfficerNovember 1, 2024Christina Twomey is the Chief Communications Officer at S&P Global, effective November 1, 2024. She is responsible for all aspects of communications across the company .

    Questions to Ask Management

    1. Martina, with the recent leadership changes and your emphasis on connecting the dots across divisions, what specific initiatives are you planning to implement differently from your predecessor to enhance shareholder value, and how will you ensure these changes don't disrupt the company's current success?
    2. Given the challenges in the Market Intelligence segment, including increased cancellations among smaller customers due to pricing pressure and longer sales cycles, what concrete steps are you taking to stabilize execution and improve performance in this segment?
    3. Mobility revenue guidance has been trimmed for the second consecutive quarter, partly due to recall activity headwinds. How do you plan to overcome these challenges, and what strategies are in place to restore growth and confidence in this segment moving forward?
    4. While Commodity Insights is performing well above medium-term targets, how do you plan to mitigate potential cyclicality in this business, and can you elaborate on how investments in energy transition products will contribute to sustained growth despite market fluctuations?
    5. With several leadership changes announced, including new division presidents and a new CFO expected in 2025, how will you ensure that this transition maintains the company's growth trajectory, and what measures are in place to address any potential disruptions or challenges arising from these changes?

    Share Repurchase Program

    Program DetailsProgram 1
    Approval DateJune 22, 2022
    End Date/DurationNo expiration date
    Total additional amount30 million shares
    Remaining authorization amount14.6 million shares
    DetailsUsed for general corporate purposes, including stock compensation plans and offsetting dilutive effects of employee stock options

    Debt Maturity Schedule

    YearAmount Due (in millions)Debt TypeInterest Rate% of Total Debt
    2025$44.75% Senior Notes4.75%0.03% = (4 / 11,402) * 100
    2026$34.0% Senior Notes4.00%0.03% = (3 / 11,402) * 100
    2027$1,7402.95% Senior Notes, 2.45% Senior Notes2.95%, 2.45%15.3% = (1,740 / 11,402) * 100
    2028$8014.75% Senior Notes4.75%7.0% = (801 / 11,402) * 100
    2029$2,7424.25%, 2.5%, 2.70% Sustainability-Linked Notes4.25%, 2.50%, 2.70%24.0% = (2,742 / 11,402) * 100
    2030$5951.25% Senior Notes1.25%5.2% = (595 / 11,402) * 100
    2032$1,4762.90% Senior Notes2.90%12.9% = (1,476 / 11,402) * 100
    2033$7435.25% Senior Notes5.25%6.5% = (743 / 11,402) * 100
    2037$2916.55% Senior Notes6.55%2.6% = (291 / 11,402) * 100
    2048$2734.5% Senior Notes4.50%2.4% = (273 / 11,402) * 100
    2049$5903.25% Senior Notes3.25%5.2% = (590 / 11,402) * 100
    2052$9753.70% Senior Notes3.70%8.6% = (975 / 11,402) * 100
    2060$6832.3% Senior Notes2.30%6.0% = (683 / 11,402) * 100
    2062$4863.9% Senior Notes3.90%4.3% = (486 / 11,402) * 100

    Auditor

    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1969 PresentCurrent auditor

    Latest news

    Recent developments and announcements about SPGI.

    Corporate Leadership

      CEO Change

      ·
      Oct 17, 2024, 12:00 AM

      Martina L. Cheung is set to become the President and CEO of S&P Global on November 1, 2024 .