Moodys 200Moody’s Investors Service (MIS) announced  that Robert Fauber, currently the Global Head of the MIS Commercial Group, has been appointed President of MIS, effective June 1, 2016. Mr. Fauber will succeed Michel Madelain, who is retiring as President  & Chief Operating Officer and will assume the role of Vice Chairman for MIS.

As President, Mr. Fauber, 45, will be responsible for setting the strategic direction and managing the operations of the ratings agency. This includes oversight of all ratings responsibilities, as well as research, operational and commercial activities across MIS’s global locations.

Mr. Madelain, 60, has held key roles in the United States and Europe since joining MIS in 1994. In his new capacity as Vice Chairman for MIS, he will focus on international policy and regulatory issues. He will remain on the MIS Board of Directors and MIS boards in the European Union.

Mr. Fauber joined Moody’s in 2005 as the Head of Corporate Development for Moody’s Corporation, where he managed the Company’s corporate strategy and mergers and acquisitions program. He has served in his current role since 2013.

Prior to Moody’s, Mr. Fauber worked for six years in investment banking and corporate strategy at Citigroup, including stints in New York, London and Hong Kong. He started his career as a credit analyst in the commercial banking group at NationsBank (now Bank of America). Mr. Fauber holds an M.B.A. from the Johnson School of Management at Cornell University and a B.A. in economics from the University of Virginia.