#USA #New York #CARFAX #S&P Global #Mobility

S&P Global's Strategic Leadership Changes in Mobility

S&P Global, a prominent provider of essential intelligence, has recently announced key leadership appointments within its Mobility division. The changes are effective immediately and signal a new chapter for the division as it gears up for its planned separation from S&P Global into a standalone entity.

Key Appointments

Leading this transition is Scott Fredericks, who has been elevated to President of CARFAX. Fredericks previously served as the Chief Operating Officer at CARFAX, a role he assumed in mid-2022. He has a rich history in the automotive information sector, having joined CARFAX in 1997 as Vice President of Marketing. Fredericks played a crucial role in establishing CARFAX as a trusted brand among consumers and was instrumental in launching essential products such as Used Car Listings and CARFAX Car Care.

In tandem with Fredericks, Joe Lafeir has been designated as President of Mobility Business Solutions. Lafeir previously helmed Automotive Insights, a key subsidiary within the Mobility division. His extensive experience spans over 20 years in various leadership roles across automotive information brands. In his new capacity, Lafeir will oversee Mobility's B2B efforts, encompassing both Automotive Insights and automotiveMastermind. He is recognized for expanding offerings that address the automotive industry's most pressing concerns, especially in areas like electrification and market trends.

Vision for the Future

In a statement, Bill Eager, who now presides over SP Global Mobility as its President and also serves as the CEO designate, expressed confidence in the newly appointed leaders. He remarked, "We are glad to promote Scott and Joe to these pivotal roles. Their wealth of experience and institutional knowledge will be invaluable as we continue to drive growth and innovation across our brands. We eagerly anticipate serving the evolving needs of our customers as we prepare for the next chapter for Mobility."

The impending separation signifies SP Global’s strategy to focus and enhance the Mobility business, positioning it for greater autonomy and market responsiveness. The completion of this separation is projected to occur within the next 12 to 18 months, pending standard legal and regulatory processes, including requisite board approvals and necessary filings with the U.S. Securities and Exchange Commission.

Future Appointments

As SP Global refines its executive leadership structure, the company is expected to unveil additional appointments in the Mobility sector shortly. These decisions will further cement the foundation for the company’s growth trajectory and innovative efforts in the automotive industry.

About S&P Global

Founded in 1868, S&P Global has evolved into a benchmark for reliable data and analytics, providing insights that empower businesses and governments worldwide. With its extensive range of services across credit ratings, benchmarks, analytics, and workflow solutions, S&P Global remains a vital partner for many organizations seeking to navigate the complexities of the global market of commodities and automotive sectors.

The leadership shifts within the Mobility division are a testament to S&P Global's commitment to innovation, ensuring that it remains at the forefront of the automotive information landscape. As the Mobility division embarks on this pivotal journey, it is poised to meet the challenges and needs of a rapidly advancing industry.