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McGraw-Hill announces management, organizational changes

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New York—McGraw-Hill Cos. announced that it is splitting its financial services unit into two segments: Standard & Poor's and McGraw-Hill Financial.

Deven Sharma will continue as president of Standard & Poor's, while Lou Eccleston has been named president of McGraw-Hill Financial, a unit that will include the S&P indices, Capital IQ and MarketScope Advisor. Eccleston previously led Standard & Poor's Fixed Income Risk Management Services.

Additionally, McGraw-Hill announced that Jack F. Callahan Jr., most recently CFO of Dean Foods, has been named CFO of McGraw-Hill Cos. Previous CFO Robert J. Bahash will become the new president of McGraw-Hill Education, succeeding Peter Davis, who is leaving to “pursue other career opportunities,” according to a McGraw-Hill press release.

Beginning Jan. 1, McGraw-Hill will report its results from four business units: Standard & Poor's, McGraw-Hill Financial, McGraw-Hill Education and McGraw-Hill Information & Media, which includes Platts, McGraw-Hill Construction and the Aviation Week group.

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