Lou Eccleston, head of Standard & Poor’s Capital IQ, has departed the financial data provider to pursue “other opportunities,” according to an internal memo.
Eccleston had led the McGraw Hill Financial Inc. unit over the past four years and is being replaced by Imogen Dillon Hatcher, currently chief commercial officer, as acting president, according to the memo from Chief Executive Officer Douglas Peterson obtained by Bloomberg News. Ted Smyth, executive vice president for corporate affairs, confirmed the contents of the memo.
Dillon Hatcher joined the New York-based company this year from the London Stock Exchange Group Plc.
Since becoming CEO in November, Peterson, who joined Standard & Poor’s Ratings Services as president in 2011, has added executives from outside the company, including former Citigroup Inc. colleague and now S&P president Neeraj Sahai and incoming general counsel Lucy Fato, who’s joining from Marsh & McLennan Cos.
A call to Eccleston outside normal business hours wasn’t returned. His departure was reported earlier by the Wall Street Journal.