October 12, 2017 — J.D. Power announced yesterday that Chief Executive Officer and President Finbarr O’Neill will retire from the company, effective March 2018. The search for his successor is underway. O’Neill, 65, will act as a Senior Advisor to the company following the transition to the new CEO.
O’Neill led the firm for 10 years, and during that time he ushered J.D. Power into a new realm of digitization, enhanced its data & analytics, and established a presence in the B2C market through the acquisition of National Appraisal Guides (NAG). O’Neill also oversaw the transition to London-based private equity firm XIO Group when it acquired J.D. Power from S&P Global (formerly McGraw Hill Financial) in September 2016 for $1.1 billion..
Commenting on his retirement plans and decade of leadership, O’Neill says, “In an increasingly mobile and connected world, J.D. Power is poised for even greater growth. This is a good time for me to hand off to the next generation of leadership. None of the success that we have enjoyed would have been possible without the support and leadership of all the great people across J.D. Power.”
Previously, O’Neill served as CEO of Hyundai Motor America, Mitsubishi North America and Reynolds & Reynolds. While at Reynolds, he executed the sale of the publicly traded company to Universal Computer Systems for $2.8 billion in 2006.
Joseph Pacini, Chief Executive Officer of XIO Group, says, “Over the last year alone, Fin has directed the firm to record profitability, the company has strategically entered the B2C market while also enhancing its ‘big data’ capabilities for an increasingly digital world.” — By Alison Miley