KAR Auction Services has named former executive Peter Kelly as the new President. The position of President of the company was created specifically for Kelly.
In a news release Tuesday, KAR said the new role is, “aimed at aligning KAR’s strategy and execution to streamline operational integrations, enhance product development, and accelerate growth,” and follows years of investments and acquisitions that have significantly (and globally) broadened KAR’s capabilities and footprint.
Kelly will report to KAR chairman and chief executive Jim Hallett.
“Our strategy is advancing rapidly as we position our company for a more global, digital and data-driven future,” Hallett said in a news release.
“I want to fully leverage our recent investments and scale our digital, international and data analytical acquisitions as quickly as possible. Peter’s unique vision, entrepreneurial spirit and deep technology expertise will ensure our businesses continue to innovate and evolve to meet the changing needs of our customers,” Hallett said.
As president, Kelly’s role will be quite extensive, with business units ADESA, AFC, OPENLANE and the KAR remarketing services and digital services group businesses under his direction.
Kelly will also head up strategy and operations of KAR’s data-as-a-service, IT and sales and marketing activities.
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