S & P President Will Resign &Nbsp; Citibank Chief Operating Officer Will Take Over.

According to people familiar with the matter, Sharma, President of S&P, the international rating agency, will leave the company at the end of the year, Deven Sharma.

This is the announcement from the agency that the US should be lowered.

However, Sharma will continue to serve as a consultant to the McGraw-Hill, the parent company of the S & P, until the end of the year.

Pedersen, chief operating officer of Citibank (Douglas Peterson), will succeed him as president in September 12th.

But the insider said Sharma's departure had nothing to do with the S & P's downgrading of the US or the US Department of justice's investigation.

It has been reported that the US Department of justice is investigating the rating of S & P to mortgage bonds before the financial crisis.

Magro - Hills and Company's board of directors decided to replace Sharma on Monday's meeting.

Close contacts with S & P pointed out that the company started looking for Sharma's successor six months ago. The personnel changes were mainly affected by the decision of the S & P to split the data, pricing and analysis business from the rating business.

The creation of a new company called "McGraw Hill finance" has also sharply reduced the scope of supervision by Sharma.

S & P downgraded the US sovereign ratings and was accused by the US government and its members.

The top leaders of the S & P also hope to appoint Pedersen as the new president to help repair their relationship with the US government.

Pedersen is regarded as an experienced banker with solid operational experience in the financial sector.

(Jin Yue)

Sharma, President of S & P

Sharma, who had already joined the US, was born in 1955 in Jan Semyon Poole, India, in the northeast of India. She studied mechanical engineering for 5 years at the Birla Institute of technology near the eastern city of Ranchi in India. Soon after he went to the United States for further education, he studied master's and doctoral programs in management at University of Wisconsin and Ohio State University.

In 1987, Sharma, who holds a doctoral diploma, found his first job in the manufacturing industry of the United States, and was hired by a garment manufacturer named Anderson Stride.

But he worked here for less than a year and then switched to a Buzz Alan Hamilton, a technology product consultant who had been in the industry for more than 60 years.