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KAR Auction Services Inc (KAR.N)

KAR.N on New York Stock Exchange

55.08USD
19 Jun 2018
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Summary

Name Age Since Current Position

James Hallett

65 2014 Chairman of the Board, Chief Executive Officer

Eric Loughmiller

59 2007 Chief Financial Officer, Executive Vice President

John Hammer

47 2018 President of ADESA

John Kett

54 2014 Chief Executive Officer and President of Insurance Auto Auctions, Inc

James Money

56 2016 President of AFC

Donald Gottwald

51 2017 Chief Operating Officer, Chief Strategy Officer

Thomas Fisher

44 2017 Executive Vice President, Chief Information Officer

Lisa Price

43 2013 Executive Vice President - Human Resources

Benjamin Skuy

55 2009 Executive Vice President - International Markets and Strategic Initiatives

Peter Kelly

49 2014 President - Digital Services, Chief Technology Officer

Rebecca Polak

47 2017 President of TradeRev, Chief Legal Officer, Secretary

John Larson

55 2015 Lead Independent Director

Todd Bourell

48 2015 Independent Director

Donna Ecton

71 2013 Independent Director

Mark Hill

62 2014 Independent Director

J. Mark Howell

53 2014 Independent Director

Lynn Jolliffe

66 2014 Independent Director

Michael Kestner

64 2013 Independent Director

Stephen Smith

69 2013 Independent Director

Michael Eliason

2015 Vice President - Investor Relations and Treasurer

Biographies

Name Description

James Hallett

Mr. James P. Hallett is Chairman of the Board, Chief Executive Officer of the company. Mr. Hallett has been Chairman of the Company since December 2014 and Chief Executive Officer since September 2009. He was Chief Executive Officer and President of ADESA from April 2007 to September 2009, a wholly owned subsidiary of the Company. He was President of Columbus Fair Auto Auction, a large independent automobile auction located in Columbus, Ohio, from May 2005 to April 2007. After selling his auctions to ADESA in 1996, Mr. Hallett held various senior executive leadership positions with ADESA between 1996 and 2005, including President and Chief Executive Officer of ADESA. He founded and owned two automobile auctions in Canada from 1990 to 1996. Graduate of Algonquin College. He Managed and then owned a number of new car franchise dealerships for 15 years and Winner of multiple industry awards, including NAAA Pioneer of the Year in 2008 and the Ed Bobit Industry Icon award in 2018. Recognized as the EY Entrepreneur of the Year 2014 National Services Award Winner and one of Northwood University's 2015 Outstanding Business Leaders. He was committed and deeply engaged leader with over 20 years of experience in key leadership roles throughout the Company and over 35 years of experience in the industry.

Eric Loughmiller

Mr. Eric M. Loughmiller is Chief Financial Officer, Executive Vice President of the Company. Mr. Loughmiller has been Executive Vice President and Chief Financial Officer since April 2007. Previously, from 2001 to 2006, Mr. Loughmiller was the Vice President and Chief Financial Officer of ThoughtWorks, Inc., an information technology consulting firm. Prior to that, Mr. Loughmiller served as Executive Vice President and Chief Financial Officer of May & Speh, Inc. from 1996 to 1998 until May & Speh was acquired by Acxiom Corporation. Mr. Loughmiller was the finance leader of the Outsourcing Division of Acxiom Corporation from 1998 to 2000. Prior to joining May & Speh, Mr. Loughmiller was an audit partner with PricewaterhouseCoopers LLP, an independent registered public accounting firm. Mr. Loughmiller is a certified public accountant.

John Hammer

Mr. John C. Hammer serves as President of ADESA of the Company. Mr. Hammer assumed the role of President of ADESA effective February 19, 2018. Prior to ADESA, Mr. Hammer was Chief Executive Officer of U.S. Auto Sales, Inc. and U.S. Auto Finance, Inc. from June 2016 to February 2018, and Chief Executive Officer of Cruz Auto, LLC from June 2017 to February 2018. Mr. Hammer previously served as Chief Executive Officer and President of AFC from March 2014 to June 2016. Mr. Hammer joined AFC in April 2009 as Chief Operating Officer, and assumed the role of President of AFC in May 2013. Prior to AFC, Mr. Hammer held senior management roles for more than a decade at various subsidiaries of GMAC Financial Services. He has also served as a general manager at AutoNation and held management roles at Mercedes Benz Credit Corp. Mr. Hammer has 25 years of experience in the automotive industry.

John Kett

Mr. John W. Kett is Chief Executive Officer and President of Insurance Auto Auctions, Inc., a subsidiary of the Company. Mr. Kett has been Chief Executive Officer and President of IAA since May 2014. Mr. Kett joined IAA in 2001 as Senior Vice President of Planning and Business Development and was later promoted to Chief Financial Officer and then President. Prior to joining IAA, Mr. Kett served in a variety of senior financial and operational roles for Central Steel and Wire Co., Safelite Glass Corporation (formerly Vistar, Inc.), Newark Electronics and Deloitte LLP.

James Money

Mr. James E. Money is President of AFC a subsidiary of the Company. Mr. Money has been President of AFC since June 2016. Mr. Money joined AFC in 1999 as Controller and was later promoted to Vice President of Finance in 2006 and to Chief Financial Officer in 2009. Prior to joining AFC, Mr. Money served as Chief Financial Officer of Fundex Games, LTD from 1998 to 1999. Mr. Money is a certified public accountant.

Donald Gottwald

Mr. Donald S. Gottwald is Chief Operating Officer, Chief Strategy Officer of the Company. Mr. Gottwald has been the Chief Operating Officer since March 2014 and the Chief Strategy Officer since July 2017. Mr. Gottwald previously served as the Chief Executive Officer of AFC from January 2009 to March 2014. Mr. Gottwald also served as the President of AFC from January 2009 to May 2013. Previously, Mr. Gottwald served in the role of Executive Vice President of Dealer Business for HSBC Auto Finance from December 2005 to October 2008. Prior to working at HSBC Auto Finance, Mr. Gottwald served in several roles of increased responsibility with GMAC Financial Services from June 1993 to December 2005, including Managing Director of Saab Financial Services Corp. and Managing Director of American Suzuki Financial Services. Mr. Gottwald has been active in the American Financial Services Association and previously served on the association's board of directors. In addition, Mr. Gottwald serves on the Northwood University Automotive Marketing Curriculum Advisory Board.

Thomas Fisher

Mr. Thomas J. Fisher serves as Executive Vice President, Chief Information Officer of the Company. Mr. Fisher has served as the Company's Executive Vice President and Chief Information Officer since April 2017. Mr. Fisher was the Senior Vice President of Cloud Operations and General Manager, Indianapolis, of Genesys Telecommunications Laboratories, Inc. ("Genesys") from December 2016 to March 2017. Mr. Fisher was the Chief Services Officer at Interactive Intelligence Group, Inc. (which was acquired by Genesys) from January 2014 to December 2016 and also held other roles including Vice President of Global Sales Operations from May 2012 to January 2014, Senior Director of Solutions Engineering from January 2011 to May 2012 and Director of Systems Engineering from January 2005 to January 2011.

Lisa Price

Ms. Lisa Ann Price is Executive Vice President - Human Resources of the Company. Ms. Price has been the Executive Vice President of Human Resources since June 2013. Ms. Price previously served as the Vice President of Employment and Litigation Counsel of the Company from January 2008 to June 2013 and Senior Corporate Counsel from November 2005 to January 2008. Prior to joining ADESA, Ms. Price practiced employment law with Stewart & Irwin in Indianapolis from November 2000 to November 2005.

Benjamin Skuy

Mr. Benjamin Skuy is Executive Vice President - International Markets and Strategic Initiatives of the Company. Mr. Skuy has been Executive Vice President of International Markets and Strategic Initiatives since September 2009. Mr. Skuy previously served in the following positions between July 1999 and September 2009: Executive Vice President of International Markets and Managing Director of ADESA Canada from January 2008 to September 2009; Managing Director and Chief Operating Officer of ADESA Canada from July 2006 to January 2008; Chief Operating Officer of ADESA Canada from January 2002 to July 2006; and Chief Financial Officer of ADESA Canada from July 1999 to January 2002. Prior to joining ADESA, Mr. Skuy served as Assistant Vice President at Manulife Financial from June 1998 to July 1999. From August 1990 to May 1998 he served as Senior Manager at The Bank of Nova Scotia.

Peter Kelly

Mr. Peter J. Kelly is President - Digital Services, Chief Technology Officer of the Company. Mr. Kelly has been the President of Digital Services since December 2014 and the Chief Technology Officer since June 2013. Mr. Kelly was the President and Chief Executive Officer of Openlane from February 2011 to June 2013. Previously, Mr. Kelly was President and Chief Financial Officer of Openlane from February 2010 to February 2011. Prior to that, Mr. Kelly was Chief Financial Officer of Openlane from May 2008 to February 2010. Mr. Kelly was a co-founder of Openlane in 1999 and served in a number of executive roles at Openlane from 1999 to 2008.

Rebecca Polak

Ms. Rebecca C. Polak serves as President of TradeRev, Chief Legal Officer, Secretary of the Company. Ms. Polak has been Chief Legal Officer and Secretary for KAR and President of TradeRev since October 2017. Ms. Polak previously served as Executive Vice President, General Counsel and Secretary from April 2007 to October 2017, the Assistant General Counsel and Assistant Secretary of ADESA from February 2005 to April 2007 and as Vice President of ADESA from December 2006 to April 2007. Prior to joining ADESA, Ms. Polak practiced corporate and securities law with Krieg DeVault in Indianapolis from 2000 to 2005 and with Haynes and Boone in Dallas from 1995 to 1999.

John Larson

Mr. John P. Larson is Lead Independent Director of the Company. Mr. Larson served as the Chief Executive Officer of Bestop, Inc., a leading manufacturer of soft tops and accessories for Jeep vehicles, since August 2015. He has been Chief Executive Officer of Escort Inc., an automotive electronics manufacturer, from January 2008 to January 2014 and prior to that as President and Chief Operating Officer from June 2007 to January 2008. He served in a number of capacities at General Motors Company from 1986 to 2007, most recently serving as General Manager overseeing operations for the Buick, Pontiac and GMC Divisions from January 2005 to May 2007 and as General Director of Finance (CFO) for U.S. Sales, Service and Marketing Operations from 2001 to 2004. Led General Motors Company's used car remarketing activity from 1999 to 2000. He is Graduated from Northern Illinois University and Purdue University (M.S., Management).

Todd Bourell

Mr. Todd F. Bourell serves as Independent Director of the Company. He is the Managing Partner of WLJ Capital, LLC, a public equities investment firm he founded in January 2015. He is Partner/Analyst at ValueAct Capital, LLC, a privately held hedge fund, from May 2001 to December 2014. He is Global Industry Analyst at Wellington Management Company, a worldwide private investment management company, from September 2000 to May 2001. He is a Partner/Analyst at Peak Investment L.P., a private investment firm, from July 1994 to July 1998. He has been Served as ValueAct Capital, LLC's representative on the board of directors of several publicly-traded companies, including IAA from October 2003 to May 2005, now a wholly-owned subsidiary of the Company. He is a Graduate of Harvard College and the University of Pennsylvania (MBA).

Donna Ecton

Ms. Donna R. Ecton serves as Independent Director of the Company. Ms. Ecton is the founder and has served as the Chairman and Chief Executive Officer of EEI, Inc., a management consulting firm, since 1998. She served as the Chief Operating Officer from 1996 to 1998, and as a director, from 1994 to 1998, of PETsMART, Inc., a pet supplies and services retailer. Previously, Ms. Ecton served as the Chairman, President and Chief Financial Officer of Business Mail Express, Inc., a print-mail business, from 1995 to 1996, President and Chief Executive Officer of Van Houten North America, Inc. and Andes Candies Inc., international confectionery companies from 1991 to 1994, and Senior Vice President — Franchise and International and Corporate Controller of Nutri/System, Inc., a provider of weight management meal plans, from 1989 to 1991. Prior to that, Ms. Ecton held various positions with Campbell Soup Company, Nordeman Grimm, Inc., Citibank N.A. and Chemical Bank. Ms. Ecton holds a Masters of Business Administration from Harvard University and a Bachelor of Arts in Economics from Wellesley College. She has more than 40 years of operational and management experience, including as a CEO, with established companies allows Ms. Ecton to provide to our Board insight into operations, marketing, finance, human resources and strategic planning.

Mark Hill

Mr. Mark E. Hill is Independent Director of the company. He is Managing Partner of Collina Ventures, LLC, a private investment company that invests in software and technology companies, since 2006; and Chairman and Chief Executive Officer of Lumavate LLC, a company that provides a platform for building cloud-based mobile applications, since November 2017. He was Co-founder and Chairman of Bluelock, LLC, a privately held infrastructure as a services company, since 2006. He has been Co-Founder, President and Chief Executive Officer of Baker Hill Corporation, a banking industry software and services business, from 1985 to 2006. Baker Hill Corporation was acquired by Experian PLC, a global information solutions company, in 2005. He is Graduate of the University of Notre Dame and Indiana University (MBA). He has been Lead Independent Director of Interactive Intelligence Group, Inc., a global software business, from 2005 to 2016.

J. Mark Howell

Mr. J. Mark Howell is Independent Director of the Company. Mr. Howell has been President and Chief Executive Officer of Conexus Indiana, Indiana's advanced manufacturing and logistics initiative sponsored by Central Indiana Corporate Partnership, Inc., since January 2018. He was Chief Operating Officer of Angie's List, Inc., a publicly-traded, United States-based, leading consumer web services business connecting more than three million consumers to highly-rated local service providers via its online marketplace, from March 2013 to September 2017. He has been President, Ingram Micro North America Mobility of Ingram Micro Inc., a technology distribution company, from 2012 to 2013, President, BrightPoint Americas of BrightPoint, Inc., a distributor of mobile devices for phone companies, including Chief Operating Officer, Executive Vice President and Chief Financial Officer, from 1994 to 2012. BrightPoint, Inc. was sold to Ingram Micro Inc. in 2012, Vice President and Corporate Controller of ADESA from August 1992 to July 1994, now a wholly owned subsidiary of the Company and Audit Staff and Senior Staff at Ernst & Young LLP. He is Graduate of the University of Notre Dame (BBA in Accounting).

Lynn Jolliffe

Ms. Lynn Jolliffe is Independent Director of the Company. She has served as Chief Executive Officer of Jolliffe Solutions, Inc., providing consulting in human capital and talent management since June 2015. She has been Executive Vice President, Global Human Resources of Ingram Micro Inc., a technology distribution company, from June 2007 to June 2015, Vice President, Human Resources for the North America region from October 2006 to May 2007. She Served as Regional Vice President, Human Resources and Services for Ingram Micro European Coordination Center from August 1999 to October 2006. She Served in various capacities, including Vice President and Chief Financial Officer with responsibility for human resources, at two Canadian retailers, including Holt Renfrew, from 1985 to 1999. She began career at Bell Canada and then moved to Bank of Montreal. She is Graduated from Queens University and University of Toronto (MBA).

Michael Kestner

Mr. Michael T. Kestner is Independent Director of the Company. Mr. Kestner is Consultant in the building products and automotive industry since December 2015. He is Chief Financial Officer of Building Materials Holding Corporation, a building products company, from August 2013 to December 2015, Partner in FocusCFO, LLC, a consulting firm providing part-time CFO services, from April 2012 to August 2013, Executive Vice President, Chief Financial Officer and a director of Hilite International, Inc., an automotive supplier of powertrain parts, from October 1998 to July 2011, Chief Financial Officer of Sinter Metals, Inc., a supplier of metal power precision components, from 1995 to 1998. He served in various capacities at Banc One Capital Partners, Wolfensohn Ventures LP and as a senior audit manager at KPMG LLP. He is a Graduated from Southeast Missouri State University. Over 20 years as a CFO provides valuable experience and perspective as Chair of the Audit Committee.

Stephen Smith

Mr. Stephen E. Smith is Independent Director of the Company. Mr. Smith is Consultant in the automotive industry since October 2012. He has been Senior Vice President, Financial Services of American Honda Finance Corporation (AHFC), a provider of financial services to automobile, motorcycle, marine and power equipment product dealers and their customers, from 1985 to October 2012 (including various other positions). Financial services included commercial lending, consumer lending and financing and vehicle service contracts. Started the consumer finance organization at AHFC. Served two terms as Chair of the Vehicle Finance Division for the American Financial Services Association. Member of the Financial Services Roundtable. Began career at Bullock's Dept. Stores, a division of Federated Department Stores. Held senior level positions in the credit card division and in store management. He is Member of the board of the directors of Carecredit Corporation, a privately-held consumer credit healthcare company, from 1996 to 2002. He was Interim President of the California Council on Economic Education, a not-for-profit organization that provides training and educational materials to California teachers relating to economics and personal finance, from July 2013 to February 2014. Over 25 years of extensive operational and management experience in the automotive industry with particular insight into the financing and leasing of vehicles. He was Graduated from California State University, Northridge (BA, MBA).

Michael Eliason

Basic Compensation