Founder and CEO of Solera Holdings, Inc. has left his position in the company and is replaced by a new CEO.
The Westlake-based Solera announced Tuesday that Tony Aquila vacated his role as the company’s CEO. Jeff Tarr, who previously served as the CEO and president of Digital Globe, Inc., has taken over the helm.
Solera is a global leader in risk and asset management data and software as a service solution for the automotive and insurance industries. Solera owns several subsidiary companies across the world.
Aquila founded Solera in 2005. The company then launched in the stock market as a publicly trading company in 2007.
Vista Equity Partners, Goldman Sachs, Koch Industries and other affiliated investors completed the acquisition of Solera and took it private in 2016.
“During [Aquila’s] tenure, the Solera team built the company into a global leader,” Darko Dejanovic, Vista Operating Principal and Solera Board member, said in a statement Tuesday. “Solera is in a place of strength and we look forward to working with and supporting Jeff [Tarr] as he leads Solera to new heights.”
Tarr, who has about 20 years of experience leading data and technology-enabled services companies, is now expected to lead the company in its next phase of growth.
“Jeff’s wealth of experience and his focus on building a high-performing team and culture committed to unlocking value for customers and shareholders alike make him the perfect leader for this next phase in Solera’s growth,” Dejanovic said.