Douglas L. Peterson

Douglas L. Peterson is the president and chief executive officer of S&P Global[1] (NYSE: SPGI),[2] formerly McGraw Hill Financial. He became president and chief executive officer in November 2013. Peterson has served on S&P Global’s Board of Directors since July 2013.[3] He originally joined the company as president of Standard & Poor's Ratings Services in 2011.[4][5]

Douglas L. Peterson
Peterson in 2019
NationalityAmerican
EducationBA, Claremont McKenna College, MBA, University of Pennsylvania
Title
  • CEO of S&P Global
  • CEO of Citigroup Japan
  • COO of Citibank
Board member of
  • S&P Global
  • Kravis Leadership Institute


Children2

Education

Peterson was raised in Santa Fe, New Mexico, received his undergraduate degree from Claremont McKenna College and earned his MBA from the Wharton School at the University of Pennsylvania in 1985.[6]

Citigroup

Peterson worked for Citigroup for 26 years. From 2004 to 2010 Peterson was the CEO of Citigroup Japan. He served as chief auditor of Citigroup from 2001 to 2004. Other positions within Citigroup include serving as country manager for Uruguay from 1995 to 1998 and for Costa Rica from 1991 to 1995.[4][6] Peterson also served as chief operating officer of Citibank from 2010 to 2011.[7]

S&P Global

Peterson became president and CEO of S&P Global in November 2013, and has served on its Global Board of Directors since July 2013.[8] Early in his tenure as CEO, Peterson divested non-core businesses such as McGraw Hill Construction and J.D. Power.[9] He stated that the purpose of these divestitures was to focus the company’s portfolio on the financial intelligence business.[10] As part of this strategy, Peterson oversaw the acquisition of financial data and analytics businesses, including SNL Financial.[11]

In 2016, Peterson announced that the company was changing its name from McGraw Hill Financial to S&P Global and spoke about the company's recent attempts to modernize and rebrand itself.[12] During this time, the company expanded its operations in Asia. In 2016, the company acquired a large interest in Thai rating company, TRIS Rating.[13] The company is also the majority owner of India’s leading credit rating agency and global analytics company, CRISIL.[14] Later that year, S&P Global acquired Trucost, an environmental data and analytics company.[15]

Peterson has overseen investments in the areas of technological innovation, analytics, and environmental, social and governance (ESG) data. In 2018, he oversaw S&P Global’s acquisitions of Kensho, an artificial intelligence firm,[16] and global trade data company Panjiva in 2018.[17][18] In 2019, the company announced it was acquiring RobecoSAM's ESG tool.[19] S&P Global also announced its intentions to build a domestic credit rating agency in China.[20] In 2019, Chinese regulators gave the company approval to operate in China’s domestic bond market.[21]

In 2020, he oversaw S&P Global's largest acquisition, reaching an all-stock $44bn deal to acquire IHS Markit, expected to be finalized by the end of 2021.[22]

Other ventures

Peterson was named to the Business Roundtable’s Board of Directors and selected as chairman of the Roundtable’s Smart Regulation Committee in 2018.[23]

Peterson is co-chair of the Bipartisan Policy Centers’ Executive Council on Infrastructure, and advocates for public-private sector partnerships as a means of improving infrastructure in the US.[24] For the World Economic Forum, Peterson is Co-Chair of the Stewardship Board of the Platform for Shaping the Future of Cities, Infrastructure and Urban Services; a Member of the International Business Council; and Governor of the Financial Services Industry Community.[25] Peterson is also a boardmember of National Bureau of Economic Research, and the US-China Business Council.

Peterson is a member of the Council on Foreign Relations and the Federal Deposit Insurance Corporation's Systemic Resolution Advisory Committee.[26]

Awards and recognition

In 2019, Doug Peterson was included on Harvard Business Review's The CEO 100, an annual list of the world’s top chief executives.[27]

Nonprofit work

Peterson serves on the boards of advisors for the Kravis Leadership Institute and the Partnership for New York City. Peterson is a member of the board of trustees for Claremont McKenna College and is also on the board for Paul Taylor Dance Company and the Japan Society.[1]

Personal

Peterson is married and has two sons.[28]

References
  1. "Operating Committee - S&P Global". Investor.spglobal.com. Retrieved December 28, 2018.
  2. "NYSE". Nyse.com. Retrieved December 28, 2018.
  3. "News Release - S&P Global". Investor.spglobal.com. Retrieved December 28, 2018.
  4. Merced, Michael J. de la. "S.&P.'s New President, a Crisis Troubleshooter". DealBook.nytimes.com. Retrieved December 28, 2018.
  5. "Doug Peterson, S&P Global Inc: Profile and Biography". Bloomberg.com. Retrieved December 28, 2018.
  6. "Doug Peterson, S&P Global Inc: Profile and Biography". Bloomberg.com. Retrieved December 28, 2018.
  7. "ABQjournal: Ill or Well, No One Is An Island". www.abqjournal.com. Retrieved July 18, 2020.
  8. "McGraw Hill Financial names S&P head Peterson CEO". Reuters. July 11, 2013. Retrieved July 18, 2020.
  9. "McGraw Hill Financial to sell McGraw Hill Construction to PE firm". Reuters. September 22, 2014. Retrieved July 18, 2020.
  10. Picker, Leslie (April 15, 2016). "McGraw Hill to Sell J.D. Power for $1.1 Billion". The New York Times. ISSN 0362-4331. Retrieved July 18, 2020.
  11. "McGraw Hill to buy SNL Financial for about $2.225 billion in cash". CNBC. July 27, 2015. Retrieved July 18, 2020.
  12. Martin, Timothy W. (February 4, 2016). "McGraw Hill Plans to Shed Family Name After 128 Years". Wall Street Journal. ISSN 0099-9660. Retrieved July 18, 2020.
  13. "S&P Global Ratings acquires 49% of TRIS Rating". Nation Thailand. June 24, 2016. Retrieved July 18, 2020.
  14. Foley, Stephen (June 3, 2013). "McGraw Hill to boost controlling stake in Crisil". Financial Times. Retrieved July 18, 2020.
  15. "Growth in sustainability-linked loans boosts ESG ratings firms". Reuters. October 21, 2019. Retrieved July 18, 2020.
  16. "S&P Global acquires financial artificial intelligence firm Kensho". CNBC. March 7, 2018. Retrieved July 18, 2020.
  17. "S&P Global's acquisition of Panjiva may give shippers new predictive analytics for risk mitigation". www.logisticsmgmt.com. Retrieved July 18, 2020.
  18. Banerji, Gunjan (March 6, 2018). "S&P Global Buys Startup in Artificial-Intelligence Push". Wall Street Journal. ISSN 0099-9660. Retrieved February 21, 2020.
  19. "S&P Global to acquire RobecoSAM's ESG rating tool". Pensions & Investments. November 21, 2019. Retrieved July 18, 2020.
  20. Banerji, Gunjan (May 24, 2018). "S&P Global Moves to Start Ratings Business in China". Wall Street Journal. ISSN 0099-9660. Retrieved July 18, 2020.
  21. "S&P Global gets the nod to rate domestic Chinese bonds". South China Morning Post. January 28, 2019. Retrieved July 18, 2020.
  22. "IHS Markit merger, 2020's largest deal, shows value of financial data". spglobal.com. December 1, 2020. Retrieved June 25, 2021.
  23. "President and Chief Executive Officer". www.businessroundtable.org. Retrieved July 18, 2020.
  24. "Xylem joins Bipartisan Policy Center's new infrastructure council". Pump Industry Analyst. 2015 (5): 12–13. May 1, 2015. doi:10.1016/S1359-6128(15)30166-X. ISSN 1359-6128.
  25. "Douglas L. Peterson". World Economic Forum. Retrieved July 21, 2020.
  26. "U.S. Secretary of Commerce Wilbur Ross Announces Participants for U.S.-India CEO Forum". U.S. Embassy & Consulates in India. February 8, 2019. Retrieved July 18, 2020.
  27. "The CEO 100, 2019 Edition". Harvard Business Review. November 1, 2019. Retrieved July 18, 2020.
  28. "Does It Surprise You That S&P's New President Happens to be a Claremont McKenna Alumnus?". Cmc.edu. Retrieved December 28, 2018.
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