Tony Aquila Retires from Solera Holdings

Founder and former Chairman/CEO of Solera Holdings, Mr Tony Aquila, has announced his retirement from the company.

Solera Holdings is a global leader in risk and asset management data & software and the preeminent service solutions (SaaS) for the automotive and insurance industries.

After his exit from the company he set up some years ago, Mr Aquila will be succeeded by Mr Jeff Tarr, the new CEO.

Since 2005, Mr Aquila has brought about a digital evolution of the insurance industry, starting with the processing of insurance claims. During his tenure, the company grew into a global giant employing over 7,000 employees in 93 countries.

Today, Solera’s offerings bring together insurers, original equipment manufacturers, dealers, and participants throughout the supply chain; creating a digital marketplace that empowers the customer to manage the entire life of their vehicle in a single platform.

“It is always a hard decision to leave such a special place as Solera, but I am ready for my next chapter professionally,” said Mr Aquila.

“I will be forever proud of what we accomplished at Solera. I wish new CEO and board director Jeff Tarr – and the amazing Solera team – well as they embark on a very bright future,” he added.

Mr Aquila is an inventor with over 100 patents, a serial entrepreneur, and dealmaker with over 70 transactions worth $15 billion in transaction value.

Prior to founding Solera, Mr Aquila served in executive positions with Mitchell International; Ensera; and MaxMeyer.

In 2013, Mr Aquila received the Ernst & Young’s 2013 Entrepreneur of the Year award in the Technology category.

Solera is a global leader in risk and asset management data and software as a service (SaaS) solutions for the automotive and insurance industries. Solera is active in over 90 countries across six continents. Solera has over 235,000 customers and partners, including many of the largest U.S. and European P&C insurance companies and most of the world’s largest vehicle OEMs, as well as national governments, financial institutions, vehicle dealership, vehicle repair shops, salvage yards, and vehicle buyers and sellers.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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