Deven Sharma

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Deven Sharma
Born1956 (age 64–65)
Dhanbad, Bihar Now Jharkhand, India
Alma materBirla Institute of Technology
University of Wisconsin–Milwaukee
Ohio State University
OccupationPresident of Standard & Poor's
Board member ofCRISIL Ltd

Deven Sharma (born 1956 in Jharkhand, India) was an executive, and the president of Standard & Poor's, a division of S&P Global (formerlyThe McGraw-Hill Companies),[1] providing independent credit ratings, indices, risk evaluation, and investment research. Mr. Sharma joined Standard & Poor's in 2006 as executive vice president, Investment Service and Global Sales. On August 23, 2011 he resigned. His successor is Douglas Peterson, former Chief Operating Officer of Citibank. Before joining Standard & Poor's, he was executive vice president, Global Strategy at The McGraw-Hill Companies for five years.

Biography[]

Early life and education[]

Dr. Deven Sharma was born in the mining town of Dhanbad in Bihar (now a part of Jharkhand), India.[citation needed] His father R. N. Sharma was chairman of Bharat Coking Coal Ltd.[permanent dead link], Dhanbad. Sharma did his schooling from De Nobili School, FRI, Digwadih, Dhanbad.[2] He received his Bachelor's Degree from Birla Institute of Technology, Ranchi, India, a Master's Degree from University of Wisconsin–Milwaukee and a Doctoral degree in Business Management from Ohio State University.[3]

Career[]

Sharma worked with manufacturing companies, Dresser Industries and . After that he joined Booz Allen Hamilton where he worked for 14 years and led its strategy, operations performance, sales and marketing, and global expansion engagements for service-, marketing- and information-intensive companies. He left the company as a partner and joined McGraw-Hill in 2002. He served as Executive Vice President of Global Strategy of McGraw-Hill Companies Inc., from January 15, 2002 to October 2006 and as Executive Vice President of Investment Services and Global Sales of Standard & Poor's, from November 1, 2006. He was named president of Standard & Poor's in August 2007. In August 2011, he announced that he would step down from the position of president later in the year.[4]

Sharma serves on the boards of CRISIL, The US-China Business Council[5] and Asia Society Business Council. He served as a Director of 1-800-Flowers.com Inc. from May 12, 2005 to March 16, 2007. He has authored three publications: The Truth About Customer Solutions, Customer Solutions-Pilots to Profits, and Connecting the Demand Chain.

Deven Sharma became the public face of the firm in the wake of its historic downgrade of the United States' long-term debt rating on 5 Aug 2011.[6] According to Reuters News Service,[7] S&P announced on August 23, 2011 that Deven Sharma would step down as a Chief of Standard & Poor's effective September 12, 2011, and would leave the company by the end of the year.

References[]

  1. ^ "Executive Profiles, Operations, Deven Sharma". The McGraw-Hill Companies. Archived from the original on 2010-06-26. Retrieved 2009-02-23.
  2. ^ "Archived copy". Archived from the original on 2011-10-01. Retrieved 2011-08-10.CS1 maint: archived copy as title (link)
  3. ^ "Deven Sharma, President of Standard & Poor's". Bloomberg's Business Week. 8 May 2011. Retrieved 6 August 2011.
  4. ^ "Standard & Poor's President to Step Down". The New York Times. August 22, 2011.
  5. ^ "Officers and Directors". The US-China Business Council. Archived from the original on 2009-02-25. Retrieved 2009-02-23.
  6. ^ "Home | S&P Global Ratings".
  7. ^ "S&P replaces president with Citibank exec after U.S. downgrade". Reuters. August 23, 2011.

External links[]

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