Bill Eager, the current CEO of Carfax, will become president of parent company S&P Global Mobility on Aug. 15, and then CEO designate when Mobility is spun off into a standalone public company.

S&P Global announced in April it plans to spin off its mobility business unit — which includes brands like CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan — into a standalone publicly traded company.

The separation of Mobility from S&P Global was expected to be completed within 12-18 months from the initial announcement.

Edouard Tavernier, the current head of Mobility, will remain on board as a strategic advisor through Sept. 30.

Eager has been with Carfax for more than 20 years and has served as CEO since 2021. He previously was vice president of Carfax’s Dealer Business unit for 17 years after serving in various capacities at The Cobalt Group.

“With more than two decades at Carfax and deep industry expertise, Bill’s knowledge and passion for this business have prepared him to lead Mobility into its next chapter,” S&P Global president and CEO Martina Cheung said in a news release.

“I look forward to working closely with Bill through this transition and planned separation as we position both S&P Global and Mobility for long-term growth and value creation,” Cheung said.

Eager added: “I am humbled and excited by the opportunity to lead the talented teams across Mobility. We have a terrific runway ahead for growth and innovation, and I am confident in our continued success as we build on Mobility’s portfolio of trusted brands and products, including Carfax, automotiveMastermind, Polk Automotive Solutions and Market Scan, to serve customers’ evolving needs throughout the vehicle lifecycle.”

In the release, Tavernier said: “It has been the privilege of a lifetime to lead the Mobility business and work among such talented colleagues. Our team has played an important role in bringing transparency to the industry and helping our customers navigate complex challenges. I am proud of all we have achieved, and I know firsthand that Bill’s strategic vision and his commitment to operational excellence will position Mobility exceptionally well for its expected future as a standalone company.”

Cheung added: “I also want to thank Edouard for his leadership of the business over the past 12 years. He and his team have built a strong foundation for Mobility to achieve continued success. We wish him all the best in his future endeavors.”