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McGraw Hill Financial Announces Realignment of Businesses and Leadership Changes

NEW YORK, Sept. 8, 2015 /PRNewswire/ -- McGraw Hill Financial (NYSE: MHFI) (the "Company") today announced a series of leadership changes across the Company. Following the successful completion of the SNL Financial acquisition on September 1, 2015, the Company's S&P Capital IQ business will be combined with SNL Financial under the leadership of Mike Chinn, former President and CEO of SNL Financial, who has been named President of the combined entity, effective immediately.

The combination of S&P Capital IQ and SNL Financial results in a unique business that is well-positioned for significant growth as a global, comprehensive provider of cross-sector data, news, and analytics, with a strong platform of end-to-end client-driven solutions and a subscription-based service that will drive revenue growth, customer loyalty, and free cash flow.

Douglas L. Peterson, President and CEO of McGraw Hill Financial, said, "Placing this business under the leadership of Mike Chinn, a dynamic, hands-on executive, best positions the business to capture the exciting opportunities in the global markets we serve. As we've gotten to know SNL, we quickly realized that along with an outstanding business, we were also getting an extraordinary leader in Mike Chinn and we are thrilled he has agreed to take on this expanded role."

Mr. Chinn said, "The combination of SNL Financial and S&P Capital IQ will create a truly unique player better positioned than any to capitalize on the fast-growing global market for deep and accurate information. Both businesses have tremendous standalone assets, products, and capabilities; by joining them together, we will be able to provide our customers with richer content and applications across geographies, and unparalleled depth and breadth of offerings. At SNL, our focus has been on growing through innovation, flawless execution, and a steadfast commitment to developing high-quality products that deliver real value for our customers. I am excited to apply these same principles to a larger platform and to work with the exceptional talent within both organizations."

The Company also announced that Imogen Dillon Hatcher, who previously served as President of S&P Capital IQ, has been named President of Platts. Larry Neal, Platts' President since 2009, has decided to retire and will remain as a senior advisor reporting to Doug Peterson through the end of 2015.

Mr. Peterson said, "We are delighted that Imogen, one of McGraw Hill...