CARMEL, Ind., Oct. 21, 2019 /PRNewswire/ -- KAR Auction
Services Inc. d/b/a KAR Global (NYSE: KAR) announces three
additions to its board of directors — expanding board diversity and
cross-industry expertise. Stefan
Jacoby has more than 30 years of automotive industry
experience, most recently in mobility ventures. Over his 20-year
career, David DiDomenico has managed
investment portfolios at various financial firms. Mary Ellen Smith brings extensive knowledge of
global operations and digital transformation from her 20 years at
Microsoft and Hewlett-Packard.
"At KAR, we continue to lead the transformation of the
remarketing industry by making strategic investments and
accelerating our digital innovation and global expansion," said
Jim Hallett, chairman and CEO of KAR
Global. "It only makes sense that we tap board talent with decades
of experience in financial investments like David, with the
automotive industry success that Stefan has achieved and with the
deep global operations and technology expertise that Mary Ellen brings to the table. Our board of
directors with diverse backgrounds and deep knowledge will help
lead the KAR Global evolution into an even more data-driven,
technology-enabled company."
Jacoby has served in international executive leadership and
C-suite roles at Volkswagen, Mitsubishi, Volvo and General Motors
over his 30-year automotive industry career. Before transitioning
into his current advisory and mentorship roles focused on mobility
and autonomous and electric vehicles, Jacoby was a member of the
General Motors global leadership team as executive vice president
at GM International operations in Singapore. He has served on the boards of GM
Korea and Volvo and as the chairman of the Auto Alliance in
Washington, D.C. Jacoby is a
graduate of the University of Cologne,
Germany.
For the past nine years, DiDomenico has been a partner at JANA
Partners, where he previously served as a portfolio manager for
funds focused on event-driven strategy. DiDomenico has more than 20
years of investment management and acquisition experience, serving
in leadership positions at several financial firms. He earned his
undergraduate degree from Harvard
University and a Master of Business Administration from
Stanford University Graduate School of
Business.
Smith has spent the past 13 years advancing her career through
multiple leadership roles at Microsoft, where she is currently
corporate vice president of worldwide business operations. During
her time at Microsoft, she has helped lead global strategy for
digital business operations transformation. Before joining
Microsoft, she served in operations leadership positions at
Hewlett-Packard. Smith has been honored by the state of
Nevada with the Governor's
Distinguished Business Award, was presented the Chairman's Award
for leadership at Microsoft and was named one of the Top Women in
Tech and a Woman of Influence. She is a graduate of Bowling Green State University and earned her
Master of Business Administration from Wright
State University and completed an executive development
program by the Stanford University
Graduate School of Business.
"At KAR Global, our employees and our board of directors are
laser-focused on becoming the leading end-to-end global remarketing
solution for our customers," said Hallett. "Through our
acquisitions, integrations and innovations, we have taken many
steps toward powering automotive marketplaces across the world. Our
new board leaders can help us continue the journey."
KAR
Contacts
|
|
Media
Inquiries:
|
Analyst
Inquiries:
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Gene Rodriguez
Miller
|
Mike
Eliason
|
(317)
343-5243
|
(317)
249-4559
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gene.rodriguez@karglobal.com
|
mike.eliason@karglobal.com
|
About KAR
KAR Auction Services Inc. (NYSE: KAR), known
as KAR Global, provides sellers and buyers across the global
wholesale used vehicle industry with innovative, technology-driven
remarketing solutions. KAR Global's unique end-to-end platform
supports whole car, salvage, financing, logistics and other
ancillary and related services, including the sale of nearly 3.5
million units valued at over $40
billion through our auctions. Our integrated physical,
online and mobile marketplaces reduce risk, improve transparency
and streamline transactions for customers in more than 70
countries. Headquartered in Carmel,
Indiana, KAR Global has approximately 15,000 employees
across the United States,
Canada, Mexico, U.K. and Europe. For more information, go to
www.KARglobal.com. For the latest KAR Global news, follow us on
Twitter @KARspeaks.
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SOURCE KAR Global