The McGraw-Hill Companies Appoints Lawrence P. Neal president of Platts
NEW YORK, March 11, 2009 —The McGraw-Hill Companies (NYSE: MHP) today announced the appointment of Lawrence P. Neal as president of Platts, the leading global provider of energy and commodities information. Mr. Neal, 47, currently is executive managing director of Standard & Poor's Equity Research Group, a global provider of independent equity analysis and opinion. Mr. Neal will succeed Victoria Chu Pao, who is leaving the Corporation later this month after a successful four-year tenure to relocate to Nashville with her family.
"Larry's track record of success and his deep experience in financial information will help Platts continue its strong growth and enhance its editorial and analytical leadership in the global energy market," said Harold McGraw III, chairman, president and chief executive officer of The McGraw-Hill Companies. "Larry has been a key contributor to the success of several units in Standard & Poor's information services division."
"Larry joins a talented and dedicated management team that has led the global growth of Platts in recent years," said Glenn S. Goldberg, president of McGraw-Hill Information & Media. "His market knowledge and leadership skills will help Platts build on its record of innovation and independent analysis across the global energy and commodity markets."
Mr. Neal joined the Corporation in 1998 as vice president of Wholesale Markets. For the past two years, he has served as Executive Managing Director of S&P Equity Research Services, where he led a revitalization of the business, established a clear strategic direction, and substantially improved the unit's financial performance. Prior to his current role, Mr. Neal led the Portfolio and Index Services business and held key positions as Managing Director of Sales & Service and positions in project management and marketing.
Before joining The McGraw-Hill Companies, Mr. Neal was vice president, Institutional Sales at ADP. He also served as vice president and partner, Institutional Services Division at IDD Information Services.
Mr. Neal holds a bachelor's degree in mechanical engineering from Syracuse University.
About Platts
Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and commodities information. With a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical, shipping, and metals markets from 17 offices worldwide. Platts' real-time news, pricing, analytical services and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is available at www.mcgraw-hill.com.
CONTACT:
Steven H. Weiss
Vice President, Corporate Communications
The McGraw-Hill Companies
+1-212-512-2247 (office)
+1-917-699-9389 (mobile)
weissh@mcgraw-hill.com
CONTACT:
Pat Wood
Senior Director of Communications
Platts
+1-212-904-3122 (office)
+1-347-331-5941 (mobile)
Pat_wood@platts.com
