NEW YORK, Aug 31 (Reuters) - Publisher McGraw-Hill is replacing the president of Standard & Poor’s, the company’s financial services division, effective immediately, amid questions about the role of credit-rating agencies in the subprime mortgage crisis.
Deven Sharma, who joined the company in 2002, replaces Kathleen Corbet, who is stepping down to pursue other opportunities, McGraw-Hill said in a statement, without elaborating. Company spokesmen were not immediately available for further comment.
