June 27 (Reuters) - Financial information company S&P

Global ( SPGI ) announced on Thursday that it has appointed

insider Martina Cheung as CEO effective on Nov. 1.

Cheung, who has held multiple leadership roles at S&P Global ( SPGI )

in her 14-year stint, will succeed Douglas Peterson, the

company's chief executive since 2013.

S&P Global ( SPGI ) announced that retiring CEO Peterson will remain

with the board until May 2025, and will be a special adviser to

the company till Dec. 31, 2025.

The succession comes at a time when expectations of the U.S.

Federal Reserve avoiding a recession is growing and investors

are increasingly spending more on analytics and data-related

products.

This trend bodes well for companies such as S&P Global ( SPGI ),

known for its rating agency business and stock market indexes.

Cheung currently leads S&P Global Ratings, which posted

an annual revenue of $3.3 billion in 2023, an increase of 9%

from the previous year, as per the company's statement.

Apart from her current role, she has also served as the

company's chief strategy officer and led its market intelligence

unit.

Yann Le Pallec, Executive Managing Director and Head of

Global Ratings Services at S&P Global Ratings will succeed

Cheung as president of the ratings unit.

Cheung will also take up the role of the company's

president and has been elected to the board.