Did Hedge Fund Operator Barry Rosenstein Just Get the S&P Chairman Fired?
S&P president Deven Sharma (left) is being replaced by Douglas Peterson, the chief operating officer of Citibank.
By Abhishek Takle,Wayne Cole and Mark Bendeich
The chief of Standard & Poor’s will step down next month, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington.
S&P’s parent, McGraw-Hill Companies Inc, said on Tuesday that Deven Sharma, who has served as S&P president since 2007, would step down on September 12, to be succeeded by Citibank chief operating officer Douglas Peterson.
