For Immediate Release
KAR Auction Services’ Chief Technology Officer Selected as Indianapolis Business Journal CTO of the Year Finalist
Carmel, Ind. — KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that Peter Kelly, chief technology officer of KAR Auction Services, Inc. and president of the company’s Digital Services Group, has been selected as a finalist for Indianapolis Business Journal’s 2015 CTO of the Year program. KAR Auction Services, Inc. CEO and Director Jim Hallett made the announcement.
The CTO of the Year program honors CTOs who play vital roles in making Indianapolis businesses, institutions and not-for-profit groups successful. These individuals, along with their CEOs, impact all aspects of the business, including growth, profitability, functionality and competitiveness. Finalists were honored at The CTO of the Year Awards event on August 12.
“Peter is much deserving of this recognition, and we are proud of his accomplishments and contributions to the growth of the KAR group of companies. Since he joined our team in 2011, his guidance and insight have been instrumental to bringing our technology-driven vision to life,” said Hallett. “This recognition is a reflection of Peter’s unique expertise in the auto remarketing industry and his dedication to continue to take KAR’s technology to the next level.”
Kelly’s experience in the technology industry began in 1999 when he co-founded OPENLANE, an industry-leading online vehicle auction company that makes the wholesale remarketing process easier and more efficient for car dealers. Kelly began his career with KAR Auction Services when KAR acquired OPENLANE in 2011. Since the acquisition, Kelly has served in multiple leadership roles throughout the company. Kelly is also the president of KAR’s Digital Services Group, which is comprised of KAR’s technology and digital-focused business units, including OPENLANE, CarsArrive Network and Recovery Database Network.
About KAR Auction Services, Inc.
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates worldwide vehicle auction services and provides related services. Based in Carmel, Indiana, the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with approximately 13,000 employees and 240 auction facilities. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com.