Peter Kelly

Chief Executive Officer

OPENLANE

Apr 2021 - Current (5 years 5 months)

As CEO of OPENLANE it is my privilege to lead a world class team that is committed to making wholesale easy so our customers can be more successful. We accomplish this through industry leading technologies, and our vision is to build and operate the world’s greatest digital marketplaces for used vehicles. My tenure as CEO has been characterized by significant positive change. We committed the business to a digital future, divested of physical assets, de-levered the company by paying off debt, consolidated our technology platforms and rebranded the company (from KAR Global to OPENLANE). We also hired great digital talent. The company today is very different from how it was in 2021 but builds on that legacy. I am very optimistic for

President (KAR Global)

OPENLANE

Jan 2019 - Mar 2021 (2 years 3 months)

As President of OPENLANE I was direct report to the CEO and responsible for leading the company's operations, strategy and business evolution. We completed the successful spin out of the Insurance Auto Auctions business in mid-2019. The onset of the COVID pandemic is early 2020 was a significant disruptive event. It led us to do a hard pivot of the business to a more digital operating model and committed us to a more digital operating model for the future. After two years as President I was promoted to CEO of KAR Global in early 2021.

President of Digital Services and CTO (KAR Global)

OPENLANE

Jan 2012 - Dec 2018 (7 years)

Following the sale of OPENLANE to KAR, I continued as CEO of OPENLANE, and we successfully migrated much of KAR's online business to the OPENLANE technology platform. We also expanded our customer base and grew the overall business volumes by over 300% over a 7 year period. My role expanded from CEO of OPENLANE to President of Digital Services and CTO for KAR. At the beginning of 2019 I was promoted to the role of President of KAR Global.

Co-founder, various executive roles, ultimately CEO

OPENLANE

Jul 1999 - Dec 2011 (12 years 6 months)

Together with my co-founders, in our final year at Stanford, we developed a business plan to disrupt an established industry (wholesale used car auctions) through technology and a digital marketplace business model. We were fortunate to secure financial backing from a great investor (David Marquardt at August Capital) and we incorporated the company right after graduation in the summer of 1999. I served in various executive roles over the next 12 years and together we grew the company from concept stage to a leading online B2B automotive auction company with close to $100 million in annual revenue and a great customer base. Ultimately, as CEO of OPENLANE, I oversaw the successful sale of the business to KAR Global in late 2011.

Project Manager

Taylor Woodrow

Sep 1989 - Aug 1997 (8 years)

My first job out of college was as a civil engineer working for Taylor Woodrow, one of the largest construction companies operating in the United Kingdom. Over an eight year period I worked on 10 separate civil engineering projects (bridges & highways, marine work, tunnels, industrial, wind power, water treatment and supply) at various locations in England and Wales. This role taught me a lot about business, about leading teams, working with people from many different backgrounds, getting projects done on time and on budget and trying to make a profit in a very competitive industry. Very valuable lessons, learned in the trenches (literally in the trenches sometimes). I left Taylor Woodrow to go to Stanford Graduate School of Business

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