Kar Auction Services, Inc. Promotes Peter J. Kelly to President
January 08, 2019 at 09:06 pm
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On January 8, 2019, KAR Auction Services, Inc. announced that Peter J. Kelly, former President of Digital Services and Chief Technology Officer, has been promoted to the newly created position of President of the Company, effective January 7, 2019. Mr. Kelly has been the President of Digital Services since December 2014 and the Chief Technology Officer since June 2013. Kelly will oversee ADESA, AFC and OPENLANE including the KAR remarketing services and digital services group businesses. He will also be responsible for the strategic and operational oversight of company’s data as a service, information technology and sales and marketing functions. Kelly will focus on operational excellence, aligning KAR’s diverse physical, digital and technology assets and syndicating the companies’ data analytics capabilities to serve its diverse customer base.
OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with technology-driven remarketing solutions. It offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. The Company's end-to-end platform supports whole car, financing, logistics and other ancillary and related services. The Companyâs segments include Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces for wholesale vehicles that allow the buyers to inspect and compare vehicles. Its marketplace offerings allow it to offer vehicles for sale from any location. Digital marketplace sales are initiated online and include OPENLANE US, OPENLANE Canada and OPENLANE Europe sales. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada.
OPENLANE, INC. 
