KAR Holdings Changes Name to KAR Auction Services

“This name more accurately reflects the businesses and services that we as a company provide,” said KAR Auction Services CEO and Director Jim Hallett. “Our core business units — whole car auctions and salvage auctions — are fully complemented by AFC’s floorplan financing, e-business offerings, as well as PAR North America, AutoVIN, LiveBlock Auctions International and Dent Demon. This diversity provides our remarketing customers with a full spectrum of services.”

Reporting directly to Hallett, the KAR Auction Services’ executive team is comprised of:

• ADESA President and CEO, Tom Caruso;
• IAAI President and CEO, Tom O’Brien;
• AFC President and CEO, Don Gottwald;
• Executive Vice President and CFO, Eric Loughmiller;
• Executive Vice President and CIO, John Nordin;
• Executive Vice President, General Counsel and Secretary, Becca Polak;
• Executive Vice President of International Markets and Strategic Initiatives, Benjamin Skuy; and
• Executive Vice President of Enterprise Optimization, David Vignes.

About KAR Auction Services

KAR Auction Services, Inc. is the holding company for ADESA, Inc., a leading provider of wholesale used vehicle auctions whose operations span North America with 62 used vehicle sites, Insurance Auto Auctions, Inc., a leading salvage auto auction company whose operations span North America with 152 sites and Automotive Finance Corporation, a leading provider of floorplan financing to independent and franchised used vehicle dealers with 87 sites across North America.

KAR Holdings, Inc.
Darci Valentine,317-249-4414
darci.valentine@adesa.com