Key Development – Chief Accounting Officer Transition
1. Departure of Caroline Sullivan (Effective April 1, 2025)
Moody’s Corporation announced that Caroline Sullivan (age 56), Chief Accounting Officer and Corporate Controller, will step down from her role on April 1, 2025. She is expected to remain with the company for a transitional period.

???? Tenure: Ms. Sullivan has served as Chief Accounting Officer and Corporate Controller since December 2018.
???? Reason for Departure: Mutual agreement between Ms. Sullivan and the company.

2. Appointment of Jason Phillips as Chief Accounting Officer (Effective April 1, 2025)
Jason Phillips (age 48) will succeed Ms. Sullivan as Chief Accounting Officer and Controller.

???? Background & Experience:

Joined Moody’s in 2003
Held various leadership roles in the Controllership, General Accounting, External Reporting, and Accounting Policy teams
Recent roles:
Managing Director, Assistant Controller (August 2022 – March 2025)
Managing Director, Financial Reporting, Accounting Research & Policy, Consolidations (April 2020 – August 2022)
Education & Certifications:
B.S. in Accounting – The Pennsylvania State University
Certified Public Accountant (CPA) – New York
Industry Involvement:
Active member of Financial Executives International’s (FEI) Financial Accounting and Reporting Roundtable
Active member of the American Institute of CPAs (AICPA)
???? Key Notes:

No related party transactions between Mr. Phillips and Moody’s (as per Item 404(a) of Regulation S-K).
No family relationships between Mr. Phillips and Moody’s directors or executive officers.
Not appointed through any external arrangement or understanding.
Implications & Key Takeaways
✅ Smooth Transition Plan: Moody’s has ensured a seamless leadership transition in its accounting division.
✅ Experienced Successor: Jason Phillips has over 20 years at Moody’s, strong industry expertise, and deep familiarity with its financial operations.
✅ Continued Compliance & Stability: His background in financial reporting, accounting research, and policy ensures continuity in Moody’s regulatory and financial governance.