Rating Agency CRISIL Limited announced the appointment of Yann Le Pallec as an Additional Director (Non-Executive) on the company’s Board, with effect from October 3, 2022.
According to the company’s exchange filing, “we wish to inform that, the Board has approved appointment of Mr. Yann Le Pallec (DIN: 05173118) as an Additional Director (Non-Executive) of the Company, with effect from October 3, 2022.”
Yann Le Pallec is Executive Managing Director and Head of Global Ratings Services. He is based in Paris and is a member of the S&P Global Ratings Executive Committee.
Le Pallec oversees a group of 2,200 analysts and support staff present in 28 countries and covering more than one million outstanding ratings on entities and securities across a wide range of sectors including governments, corporations, financial institutions and structured finance, a statement said.
Le Pallec has held a diverse set of responsibilities in his career at S&P. In 2016, he was Head of Global Corporate Ratings, a group composed of 500 analysts responsible for analyzing over 4,000 non-financial corporations worldwide. From 2011 until 2015, he was responsible for S&P’s market leading credit ratings business in EMEA, leading a team of over 900 rating analysts and support staff operating from 12 offices.
Previously, Le Pallec was Head of EMEA Corporate and Government Ratings, after occupying various managerial and analytical positions in the Insurance and Sovereign & Public Sector groups.
Le Pallec was previously a member of the CRISIL Board from February 17, 2012 to July 19, 2016; he resigned pursuant to a role change at S&P Global Ratings.
Before joining S&P in 1999, Yann Le Pallec was a Senior Manager with the Paris-based audit firm Salustro Reydel. Le Pallec holds a master’s degree in Business from Ecole Supérieure des Sciences Economique et Commerciales (ESSEC) in France.
Yann Le Pallec is not in any way related to any of the directors of CRISIL. Le Pallec is not debarred from holding the office of a director by virtue of any SEBI order or any other such authority, the statement said.
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