Additional Key Senior Leadership Appointments and Changes Also
Announced
WESTCHESTER, Ill., Feb. 15, 2017 /PRNewswire/
-- Insurance Auto Auctions, Inc. (IAA), today announced
that Tim O'Day has been named the
company's chief operating officer, reporting to IAA CEO and
President, John Kett. IAA is a
leading provider of vehicle liquidation, logistics, title
processing, and inventory sourcing for damaged and lower value
vehicles. IAA is a business unit of KAR Auction Services (NYSE:
KAR), a global remarketing and technology services provider with
310 operating locations across the U.S., Canada, Mexico, and United Kingdom.
"Tim has strong strategy and management expertise and a proven
track record of driving customer value through effective and
efficient operations," stated John
Kett, CEO and president. "His financial background blended
with his analytic and leadership skills will benefit IAA, our
customers, and the entire KAR platform."
O'Day will be responsible for managing the full scope of IAA's
operations across the company's 173 North American auction
locations which last year hosted more than 9,000 auctions. In
addition, O'Day will head the transportation and logistics teams,
client delivery team, and the company's nationally recognized
catastrophe (CAT) team.
O'Day joined IAA in September of 2015, as senior vice president
of finance. Prior to IAA, he worked as COO and CFO for MedSpeed, a
national healthcare transportation and logistics provider. Prior to
MedSpeed, O'Day founded and ran a B2B internet technology company,
was president of a regional special event company, CFO of an
equipment rental chain, and director of finance for a national auto
glass company. He started his career at Abbott Laboratories. O'Day
earned his Bachelor of Science degree in business from Indiana
University.
As part of this appointment, IAA made additional key leadership
announcements that will further focus the company's efforts in
technology, operations, and market development. The newly formed
management team is well positioned to drive IAA's strategy and
innovation forward.
- Sidney Kerley has been
promoted to Senior Vice President and General Counsel and
will continue to lead the legal team and assume responsibility for
both Industry Relations and Customer Quality Assurance.
- Jeanene O'Brien has been
promoted to Senior Vice President of Global Marketing
and will continue to oversee Global Marketing as well as assume
responsibility for the newly created Buyer Development
function.
- John Krupnik has been
promoted to Senior Vice President and Chief Technology
Officer and will continue to oversee Business Technology as
well as assume responsibility for the newly created Product
Development function.
- Terry Daniels,
Managing Director of Impact, will expand his responsibility
to include both Canada and Global
Market Development.
- Eldon Booth has been
promoted to lead all U.S. field operations as Senior Vice
President of Field Operations.
Kerley, O'Brien, Krupnik and Daniels will all report directly to
John Kett, CEO and president. Booth
will report to Tim O'Day, COO.
For four decades, IAA has been dedicated to meeting and
exceeding the needs of its global clients and giving back to the
communities in which it operates. This philosophy of giving
provides IAA's more than 2,800 team members with opportunities to
volunteer, mentor and financially support multiple global,
national, and local charitable causes. This commitment also is
reflected in IAA's National Vehicle Donation division which, since
1994, has assisted not-for-profit organizations monetize donated
vehicles to fund and support their missions.
About Insurance Auto Auctions, Inc.
Founded in 1982, Insurance Auto Auctions (IAA), the leading live
and live-online salvage vehicle auction company, is headquartered
in Westchester, IL and employs
over 2,800 employees in more than 170 auction facilities throughout
the U.S. and Canada. IAA is a
business unit of KAR Auction Services (NYSE: KAR), a FORTUNE 1000
company, with approximately 17,400 employees and 310 operating
locations. IAA is part of an end-to-end remarketing solution
providing global buyers opportunities to bid on and purchase total
loss, donated, higher mileage, damaged, and clean-title vehicles
utilizing cutting- edge technology. IAA's multi-platform model
enables insurance companies, fleet and rental companies, banks,
finance companies, car dealerships and the general public to
simultaneously participate in multiple auctions online and
in-person. Additional services include registration, financing,
towing and title services. Go to www.IAA-Auctions.com to
learn more, and follow IAA on Facebook and Twitter.
About KAR Auction Services
KAR Auction Services (NYSE: KAR) provides sellers and buyers
across the global wholesale used vehicle industry with innovative,
technology-driven remarketing solutions. KAR's unique end-to-end
platform supports whole car, salvage, financing, logistics and
other ancillary and related services, including the sale of more
than 4.4 million units valued at over $40
billion through our auctions. Our integrated physical,
online and mobile marketplaces reduce risk, improve transparency
and streamline transactions for customers in 110 countries.
Headquartered in Carmel, Ind., KAR
has approximately 17,400 employees across the United States, Canada, Mexico and the United Kingdom.
www.karauctionservices.com.
IAA Contacts
Media Inquiries:
Jeanene O'Brien
708.492.7328
Jobrien@IAAI.com
KAR Contacts
Media Inquiries:
Tobin Richer
(317) 249-4521
Tobin.richer@karauctionservices.com
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SOURCE Insurance Auto Auctions, Inc.