KAR Leadership Appointments Bolster Experience and Leverage Strength Across the Enterprise

Three Internal Promotions Streamline Operations and Strengthen Customer Partnerships, Delivering Comprehensive Solutions Across KAR Brands

KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a global vehicle remarketing and technology solutions provider, announces three leadership promotions across the enterprise. New appointments include Mike Caggiano, executive vice president of U.S. operations at ADESA, Scott Meyer, vice president of reconditioning services and finance at ADESA, and Richard Carpentier, serving as head of inspection solutions at KAR Global.

“As KAR continues to focus externally on delivering advanced tools to support customer growth and digital transformation of the industry, our internal attention is on ensuring we’ve got the best leaders at the wheel,” said Peter Kelly, president of KAR Global. “These recent promotions will help KAR form stronger partnerships to fully understand customer challenges and develop cohesive solutions throughout the remarketing lifecycle.”

Caggiano is a high-performing industry veteran with more than 20 years of auction management experience with the company, most recently as executive vice president of ADESA’s eastern region. In his new position, Caggiano will oversee all U.S. auction operations, including 59 locations, enhancing ADESA’s excellence in service delivery and auction experience.

With more than 15 years of remarketing leadership experience, Meyer will continue to oversee finance at ADESA while taking on an expanded role leading KAR’s enterprise reconditioning services. KAR provides commercial and wholesale customers a full range of reconditioning services available nationwide at ADESA auction facilities and via Dent-ology’s rapid response mobile services, ensuring inventory is retail-ready.

“ADESA remains focused on enhancing the total remarketing experience by creating new possibilities and driving value for buyers and sellers,” said Srisu Subrahmanyam, chief operating officer of ADESA. “In their new positions, Mike and Scott will lead with vision and ingenuity, ultimately facilitating a more progressive inventory liquidation, reconditioning and sourcing customer experience.”

Carpentier will lead KAR Global Inspection Solutions, leveraging technology and capabilities from across KAR—including AutoVIN, TradeRev, ADESA and DRIVIN—to add consistency, improve quality and create a more streamlined and seamless inspection process for dealers, retail customers and commercial clients. Bearing more than 25 years of vehicle inspection management expertise, Carpentier will also continue to serve as AutoVIN’s chief operating officer.

“With two decades of experience and millions of inspections complete, KAR has earned a reputation for accuracy and reliability unsurpassed in the industry,” said Subrahmanyam. “As Richard takes the helm, our focus is on delivering one comprehensive solution, incorporating advanced technology for precise in-house inspections and self-service applications.”

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