Eric Lyman went to work for Black Book after the Fourth of July festivities in a new executive position.

Black Book on Monday announced the promotion of Lyman to vice president, product – auto finance.

“Eric’s extensive industry experience and innovative thinking make him the ideal leader for our auto finance product portfolio,” Black Book president Jared Kalfus said in a news release. “His promotion is a reflection of our confidence in his ability to drive product excellence and meet the evolving needs of our automotive finance clients.”

Leveraging more than two decades of industry knowledge, relationships, and insights within automotive finance, Black Book said Lyman will shape the product vision and strategy for the company’s auto finance portfolio, ensuring it closely aligns with customer and market needs.

He will steer product development and lead cross-functional teams to craft analytically driven solutions.

“I am thrilled to take on this new role at Black Book,” Lyman said. “I can’t wait to apply the unrivaled precision of Black Book insights and an industry leading data valuation platform to the experience I’ve gained from decades of working in the valuation and risk management space alongside lenders, automakers and capital markets stakeholders.”

Black Book said its solutions can deliver profound insights into the $1.6 trillion in assets and associated risks within the automotive finance sector.

“Eric’s expertise and dedication are exactly what we need to continue leading the market with our innovative solutions,” Black Book senior vice president of product and technology Kyle Luck said. “I am confident in the significant impact he will make in driving Black Book to continued success in this important sector.”