WESTCHESTER, Ill., Aug. 31, 2015 /PRNewswire/ -- Insurance Auto
Auctions, Inc. (IAA), a business unit of KAR Auction Services
(NYSE: KAR) and the leading live and live-online salvage auto
auction company today announced that Tim
O'Day will join the company as Senior Vice President of
Finance reporting to John Kett,
Chief Executive Officer and President.
With almost thirty years of experience in finance, operations,
and general management, O'Day has a combination of big company,
start up and high growth business experience. Most recently
O'Day worked for nine years as COO and then CFO for MedSpeed, the
leading national healthcare transportation and logistics provider.
Prior to MedSpeed, O'Day founded and ran a B2B internet technology
company, was president of a regional special event company, CFO of
an equipment rental chain, and director of finance for a national
auto glass company. He started his career at Abbott
Laboratories, first in a management training program followed by
various financial management positions in corporate and in the
field. O'Day earned his Bachelor of Science degree in business from
Indiana University.
"I am excited to work with Tim and further accelerate IAA's
strong momentum," said John Kett,
IAA's chief executive officer and president. "Tim's broad
background of financial success combined with his operational and
logistics experience will be significant assets to the IAA
organization as well as KAR Auction Services. I look forward
to him joining the executive team as we continue to grow and expand
the IAA organization."
Mr. O'Day will be based at the company's headquarters in
Westchester, Illinois.
About Insurance Auto Auctions, Inc.
Insurance Auto
Auctions is the leading live and live-online salvage vehicle
auction company and a business unit of KAR Auction Services (NYSE:
KAR). Headquartered in Westchester,
Illinois, IAA has over 165 auction facilities throughout
North America offering towing,
financing and titling services. With the most auction facilities in
North America, IAA provides
registered buyers from around the globe with millions of
opportunities to bid on and purchase donated and salvaged vehicles.
Since 1982, IAA has sold millions of vehicles through its weekly
auctions for insurance companies, fleet and rental companies,
financing companies, charity organizations and the general public.
IAA also leverages its business model to assist charitable
organizations in the US through its One Car One Difference®
campaign. To date IAA has provided millions of dollars in
additional funding to charities by assisting in the processing of
donated vehicles. Learn how we are making a difference by visiting
www.1car1difference.com. With a talented team of over 2,000
employees, IAA is committed to providing customers with the highest
level of services in the salvage auto industry. Go to
www.IAA-Auctions.com to learn more, and follow IAA on Facebook and
Twitter.
Jeanene O'Brien | Vice President
Marketing
708-492-7328 | www.iaai.com
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SOURCE Insurance Auto Auctions, Inc.