KAR Auction Services, Inc. Announces Executive Changes to its ADESA Business Unit, with Effect from February 26, 2018
January 26, 2018 at 02:45 am IST
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KAR Auction Services, Inc. announced that John Hammer has been named as President of the company’s ADESA business unit. The appointment follows the resignation of Stéphane St-Hilaire who led ADESA since early 2014. Hammer previously served as the CEO of KAR’s Automotive Finance Corporation business before leaving the company in 2016. Hammer will officially re-join the company effective February 26, 2018. Hammer will oversee all ADESA operations, including the company’s 75 auction locations across the US, Canada and Mexico. He will focus on integrating new technology into ADESA’s online and physical auction marketplaces, expanding the company’s product and service offerings and transforming the ADESA customer experience. Hammer will report directly to Hallett and will serve as a member of KAR’s Senior Leadership Team. Hammer recently served as the CEO of Lawrenceville, Georgia-based U.S. Auto Sales, Inc. He succeeds St-Hilaire, who has agreed to remain at ADESA through the end of February 2018 to help ensure a smooth transition. St-Hilaire joined ADESA Canada in 1998 as chief financial officer.
OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with technology-driven remarketing solutions. It offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. The Company's end-to-end platform supports whole car, financing, logistics and other ancillary and related services. The Companyâs segments include Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces for wholesale vehicles that allow the buyers to inspect and compare vehicles. Its marketplace offerings allow it to offer vehicles for sale from any location. Digital marketplace sales are initiated online and include OPENLANE US, OPENLANE Canada and OPENLANE Europe sales. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada.
OPENLANE, INC. 
