CENTREVILLE, Va. -

CARFAX chief executive officer Dick Raines will retire from that role on Nov. 30, and taking over as CEO on Dec. 1 will be vice president Bill Eager, the company said in a news release Monday.

“It’s been my honor and privilege to work with Team CARFAX for the past 30 years in fulfilling our mission to help millions of people,” Raines said in the release.

“I’m incredibly proud of all we’ve accomplished together, including the unique assets we’ve built in our data and global brand recognition. The time is right for me to step down,” he said.

“Our business, leadership, culture, and future are stronger than ever. CARFAX is in great shape with Bill as its next leader. His strategic insights and operational excellence, combined with the support of an all-star management team, ensures a bright future for CARFAX. Our best days are ahead of us.”

Eager has been CARFAX VP for 17 years.  Before his time at CARFAX, he was with The Cobalt Group.

“I’m supremely confident in our future because of our history,” Eager said. “We’ve worked hard to build CARFAX into a household name that’s synonymous with confidence and trust. CARFAX will continue to be at the forefront of innovation.

“With every new technology that emerges, we meet the challenge of using them to deliver CARFAX information in new and improved ways,” he said. “All the pieces are in place — a clear strategy, trusted brand, powerful data, continuity of leadership, and the conviction of everyone on Team CARFAX that we’re stronger together. I want to thank Dick for his visionary leadership and look forward to carrying on our mission.”