NEW YORK -

IHS Markit subsidiary automotiveMastermind, which also goes by aM, will have new chief executive officer on April 1.

Replacing co-founder Marco Schnabl as CEO will be chief operating officer Matt Leone.

Schnabl will remain with the organization in a leadership counsel role, while also providing partnership guidance for the transportation business at IHS.

Leone has been with aM since April 2020.

“I am very excited for Matt and the entire automotiveMastermind organization,” Schnabl said in a news release. “Matt’s extensive experience scaling Software as a Service companies combined with his passion for creating a high-performing culture make him the perfect leader to take automotiveMastermind to the next level.

“It’s been extremely rewarding to lead the company for the past 10 years, and I can’t thank our employees and dealer partners enough for helping us build automotiveMastermind into the organization it is today,” Schnabl said. “I look forward to continuing to support the team through the experience and relationships I’ve gained during my career in the automotive industry.”

In the release, Leone added: “I am humbled by the opportunity to lead automotiveMastermind as CEO, and I’m thankful to Marco and our leadership team for trusting me to do so. It’s been an incredible journey these past two years, and I’m proud of how our team has developed creative ways to support dealerships during a very challenging time. I’m eager to keep growing professionally  alongside my colleagues as we continue to make automotiveMastermind the best employer for our team and the best partner for dealerships.”

IHS acquired aM in 2017. Edouard Tavernier, who is executive vice president of transportation at IHS, said in the release:“I’ve enjoyed working closely with Matt over the past two years, and I am excited about him stepping into the CEO role.

“Matt has been instrumental in steering automotiveMastermind through COVID-19 challenges and post-pandemic supply chain disruptions. The business has done really well and is emerging from this period in an even strong position than it was two years ago. Matt and his leadership team have a wonderful foundation to build upon.”