Nationwide Search to Identify Successor; EVP and
CFO Brad Lakhia to Assume Treasurer
Role
CARMEL, Ind., Feb. 27, 2024 /PRNewswire/ -- OPENLANE, Inc.
(NYSE: KAR), a leading operator of digital marketplaces for
wholesale used vehicles, announced that Mike Eliason, Treasurer and Vice President of
Investor Relations, is retiring after more than 25 years at the
company, effective June 1, 2024.
Eliason will continue to serve in his position until a successor is
named to ensure a seamless transition.
OPENLANE will conduct a thorough national search process for
Eliason's successor. Upon Eliason's retirement, Brad Lakhia, EVP and Chief Financial Officer,
will assume the role of Treasurer.
"Mike has been a valued member of the OPENLANE team for 25 years
and has led our investor relations program for the last seven
years, playing a key role in communicating about our company's
growth and transformation to our customers, business partners and
stockholders," said Brad Lakhia, EVP
and Chief Financial Officer at OPENLANE. "I want to thank Mike for
his leadership and congratulate him on his well-deserved
retirement."
Continued Lakhia, "After successfully executing on a number of
transformative initiatives in 2023, including delivering meaningful
improvement in our Marketplace segment results, this is an ideal
time to evaluate a diverse array of investor relations leaders who
can help OPENLANE deliver on its purpose to make wholesale easy for
our customers."
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OPENLANE
Contacts:
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Media
Inquiries:
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Analyst
Inquiries:
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Laurie
Dippold
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Mike Eliason
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Brad Lakhia
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(317)
468-3900
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(317)
249-4559
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(330)
524-9924
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laurie.dippold@openlane.com
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mike.eliason@openlane.com
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brad.lakhia@openlane.com
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About OPENLANE
OPENLANE, Inc. (NYSE: KAR) provides
sellers and buyers across the global wholesale used vehicle
industry with innovative, technology-driven remarketing solutions.
OPENLANE's unique end-to-end platform supports whole car,
financing, logistics and other ancillary and related services. Our
integrated marketplaces reduce risk, improve transparency and
streamline transactions for customers around the globe.
Headquartered in Carmel, Indiana,
OPENLANE has employees across the United
States, Canada,
Europe, Uruguay and the
Philippines. For more information and the latest OPENLANE
news, visit corporate.openlane.com.
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SOURCE OPENLANE