For Immediate Release
KAR Auction Services Names VP of Strategic Initiatives
Carmel, Ind. — KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today that Jay Bahel has been promoted to vice president of strategic initiatives for KAR Auction Services effective immediately. KAR Chief Operating Officer Don Gottwald made the announcement.
In this role, Bahel will play an instrumental role in developing and executing KAR’s growth initiatives, implementing technology to simplify internal and customer-facing processes.
“Jay’s insight in applying IT solutions will help us advance our objectives company-wide,” said Gottwald. “We are confident he will continue to contribute to KAR’s success through his creative problem-solving and customer-first mindset.”
Bahel joined KAR’s Automotive Finance Corporation (AFC) business unit in 2011, serving as vice president. In this role, he led a process improvement program, which automated and standardized processes and generally made it easier for dealers to do business with AFC.
For years, Bahel has led strategy development and process improvement engagements for public and private companies across a variety of industries including financial services, manufacturing, distribution and legal services. Before joining AFC, he served as chief information officer for a division of Brunswick Corporation and as a consulting group leader with Project Leadership Associates.
He holds a master’s degree from Lake Forest Graduate School of Management and a bachelor’s degree from Northern Illinois University.
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.