SOURCE: USCIB

USCIB

March 02, 2010 11:00 ET

McGraw-Hill CEO Elected Chairman of United States Council for International Business

NEW YORK, NY--(Marketwire - March 2, 2010) -  Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies, will be the next chairman of the United States Council for International Business (USCIB), which represents America's top global companies in major international forums. Elected by USCIB's board of directors on Friday, Mr. McGraw will succeed William G. Parrett, retired CEO of Deloitte, who has served as the pro-trade group's chairman since 2005, effective April 15.

"I look forward to the opportunity to lead an organization dedicated to greater global cooperation and economic growth," said Mr. McGraw. "Now, more than ever, we must remain focused on expanding global access to capital, education, healthcare and technology. I want to especially congratulate Bill Parrett on his extraordinary leadership of USCIB and his contribution to global understanding and trust.

"This is an exciting time and an extraordinary opportunity to foster more coordination between developing and developed countries, in the pursuit of economic growth and improved standards of living."

A champion of open markets worldwide, USCIB serves as the American affiliate of three global business bodies: the International Chamber of Commerce, the International Organization of Employers, and the Business & Industry Advisory Committee to the OECD. Its membership includes over 300 major U.S. multinationals and other firms. USCIB also provides a variety of services for those doing business overseas, including issuing and guaranteeing ATA Carnets, the "merchandise passports" that speed temporary, duty-free export of various types of goods.

"We are excited about working with Terry McGraw," stated Peter M. Robinson, USCIB's president and CEO. "He is a longtime supporter of USCIB and its fundamental goal of improving the conditions for global trade and investment, and has demonstrated a firm commitment to business leadership on public policy. I would like to express my personal gratitude, and that of USCIB's members, to Bill Parrett for his outstanding stewardship. We look forward to his continued support and participation in our work."

Under Mr. McGraw's leadership, The McGraw-Hill Companies has undergone a complete transformation, building a diverse portfolio of knowledge-based, global businesses designed to generate profits throughout a wide variety of economic cycles and market conditions. A leading voice on international trade and open markets, Mr. McGraw has served as chair of the Business Roundtable and the Emergency Committee for American Trade. He was the 2006 recipient of USCIB's International Leadership Award.

Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading global information services company meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, Platts, Capital IQ, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week. The corporation has more than 280 offices in 40 countries, with global sales of $5.95 billion in 2009. Additional information is available at www.mcgraw-hill.com.

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation. Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading global business organizations, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.

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