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NEW YORK - S&P Global (NYSE:SPGI) announced on Wednesday the appointment of Scott Fredericks as President of CARFAX and Joe Lafeir as President of Mobility Business Solutions, effective immediately.
Fredericks, who previously served as Chief Operating Officer of CARFAX, succeeds Bill Eager, who was recently appointed President of S&P Global Mobility and CEO designate for when the Mobility division completes its planned separation from S&P Global.
Lafeir, formerly President of Automotive Insights, will lead Mobility’s new B2B business line, which includes Automotive Insights and automotiveMastermind. Both executives will report directly to Eager.
"Both bring decades of experience and institutional knowledge of our businesses," said Eager in the company’s press release.
Fredericks has nearly 30 years of experience in the automotive information industry, having joined CARFAX in 1997 as Vice President of Marketing. During his tenure, he led the development of CARFAX as a consumer brand and launched key products including Used Car Listings and CARFAX Car Care.
Lafeir brings over 20 years of leadership experience across automotive information brands, including nine years as President of Automotive Insights. He previously held management roles at R.L. Polk, where he served as CIO.
S&P Global expects to complete the separation of its Mobility business within 12 to 18 months from the initial announcement, subject to regulatory approvals and final board approval. The company indicated that additional leadership appointments will be announced as it continues to prepare for the separation.
In other recent news, Spain’s service sector growth experienced a slowdown in August, with the HCOB Spain Services Purchasing Managers’ Index (PMI) dropping to 53.2 from July’s 55.1, as reported by S&P Global. Despite the decline, the sector maintained a solid pace, supported by strong demand. Meanwhile, India’s services sector hit a 15-year high in August, with HSBC’s India Services PMI rising to 62.9 from 60.5 in July, driven by robust demand that also led to a significant increase in prices. In contrast, Kazakhstan’s manufacturing PMI fell to 47.9 in August from 49.9 in July, indicating a contraction in the sector according to S&P Global data. The UK manufacturing sector also faced challenges, with the S&P Global/CIPS manufacturing PMI falling to 47.0 in August, reflecting concerns over trade tensions and tax issues. On a more positive note, Spain’s manufacturing sector expanded at its fastest pace in nearly a year, with the HCOB Spain Manufacturing PMI climbing to 54.3 in August from 51.9 in July, marking the highest reading since October last year. These developments highlight the varying economic landscapes across different regions.
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