McGraw Hill Financial CEO to retire

July 11 Thu Jul 11, 2013 8:45am EDT

July 11 (Reuters) - McGraw Hill Financial Inc said Chief Executive Harold McGraw will step down and be replaced by Douglas Peterson.

Peterson is currently president of Standard & Poor's Ratings Services. The appointment will be effective from Nov. 1, the company said in a statement.

Harold McGraw, a member of the company's founding family who turns 65 in August, will continue as chairman.

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