Dive Brief:

• S&P Global announced Tuesday that it has appointed Matt Calderone, finance chief of Booz Allen Hamilton, to serve as CFO of its soon-to-be separated mobility business.
• Calderone will begin his new role by March 1, reporting to Bill Eager, president of S&P Global Mobility, an automotive data and analytics business, and CEO-designate of the future standalone company, S&P Global said.
• “We are excited to see the new Mobility executive team take shape as the business enters a pivotal next chapter,” S&P Global President and CEO Martina Cheung said in a press release.

Dive Insight:

Booz Allen announced Monday that Calderone had informed the company of his to intention to resign, effective Feb. 1, “for another opportunity outside our industry.” Kristine Martin Anderson, Booz Allen’s executive vice president and chief operating officer, will assume his duties on an interim basis until a permanent replacement is found, the consulting company said in a securities filing.

Calderone is leaving Booz Allen after a long career at the company spanning over two decades, briefly interrupted by a stint as organization and retail practices principal at Boston Consulting Group from 2007 to 2010.

He became CFO of Booz Allen in 2022 after serving in a variety of roles in the corporate office, including chief strategy officer and executive vice president of financial planning and analysis, strategic finance and corporate development.

Prior to his time at BCG, he served for seven years in an executive role at Booz Allen's global commercial business. There, he focused on large-scale transformation for both government and commercial customers, S&P Global said.

The Tuesday release credited Calderone with shaping “many aspects” of Booz Allen’s financial and strategic transformation during his long career at the company. As chief strategy officer, he developed and rolled out “VoLT,” a growth strategy built around velocity, leadership, and technology, the release said.

He also built and led the company's corporate development team, guiding more than $1.5 billion in merger-and-acquisition transactions as well as equity investments, divestitures, and joint ventures. Earlier in his career, he designed and executed Booz Allen's Vision 2020 growth strategy and led the company's restructuring in 2013, S&P Global noted.

Calderone’s “leadership and public company experience will be essential as we continue building the financial and operational foundation for Mobility as an independent company,” Eager said in the release.

The planned spin-off will allow Mobility more flexibility to pursue near- and long-term growth opportunities, including in used car offerings and expanding both geographically and into adjacent markets, according to an April 29 announcement. S&P Global, meanwhile, will remain focused on providing credit ratings, benchmarks, analytics and workflow services, the company said.

The separation is expected to be completed within 12 to 18 months from the date of the announcement.