FOR IMMEDIATE RELEASE
KAR AUCTION SERVICES NAMES VICE PRESIDENT OF OPTIMIZATION
CARMEL, Ind., January 28, 2015 – Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that Rich Levene has been promoted from director to vice president of enterprise optimization for KAR Auction Services. KAR Auction Services Executive Vice President of Optimization David Vignes made the announcement.
In this role, Levene is responsible for identifying and implementing opportunities to maximize resources and widen synergies across all of KAR’s business units, as well as leading the enterprise optimization team.
“Rich’s proven track record of success, in-depth industry experience and unmatched attention to detail make him the best choice for this position,” said Vignes. “We are confident he will continue to contribute to KAR’s success through his innovative contributions and thought-leadership.”
Levene joined the KAR enterprise optimization team in 2011, serving as director. In this role, he led the initiative to improve the effectiveness of KAR’s safety programs and led the successful integration of CarsArrive technology with ADESA’s transportation operations across North America. Prior to that, he served as national remarketing director for KAR subsidiary PAR North America.
Levene has more than 20 years of remarketing experience. He held several key remarketing management positions while he was employed at CitiFinancial Auto and HSBC. He also served as assistant general manager of ADESA Golden Gate from 2001 to 2005, and then worked for two years at ADESA’s corporate office in Carmel, Ind., analyzing business operations at several ADESA locations. Levene holds a bachelor’s degree from St. John’s University in Collegeville, Minn.
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates used vehicle auction services for North American sellers and buyers worldwide. Based in Carmel, Ind., 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 nearly 12,000 employees across the globe. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com.