Kar Auction Services, Inc. Announces Executive Changes
February 08, 2021 at 05:13 pm EST
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On February 3, 2021, Scott A. Anderson was appointed as principal accounting officer of KAR Auction Services, Inc., effective March 1, 2021. Mr. Anderson will assume responsibility as principal accounting officer from Eric M. Loughmiller, Executive Vice President and Chief Financial Officer, and he will continue to report to Mr. Loughmiller. Mr. Anderson has served as Vice President and Controller of the Company since 2007, and previously served as Controller of ADESA, Inc. from 2001 to 2007.
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. 
