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Board of Directors

The KAR Board of Directors is comprised of accomplished business leaders from a variety of industries. Each director brings a unique area of expertise including finance, automotive, technology, operations, HR and marketing. There are currently nine members of the KAR Board of Directors.

 

 

James P. Hallett

James P. Hallett

Director since April 2007

Chairman of the Board and Chief Executive Officer

Age: 63

  • Chairman of the Company since December 2014 and Chief Executive Officer since September 2009.
  • Chief Executive Officer and President of ADESA from April 2007 to September 2009.
  • President of Columbus Fair Auto Auction, a large independent automobile auction located in Columbus, Ohio, from May 2005 to April 2007.
  • After selling his auctions to ADESA in 1996, Hallett held various senior executive leadership positions with ADESA from 1996 to 2005, including President and Chief Executive Officer of ADESA.
  • Founded and owned two automobile auctions in Canada from 1990 to 1996.
  • Graduate of Algonquin College.
  • Managed and then owned a number of new car franchise dealerships for 15 years.
  • Winner of multiple industry awards, including NAAA Pioneer of the Year in 2008.
  • Recognized as the EY Entrepreneur of the Year 2014 National Services Award Winner and one of Northwood University’s 2015 Outstanding Business Leaders.

 

 

John P. Larson

John P. Larson

Independent Director since June 2014, Lead Independent Director

Compensation Committee and Risk Committee

Age: 53

  • Chief Executive Officer of Bestop, Inc., a leading manufacturer of soft tops and accessories for Jeep vehicles, since August 2015.
  • Chief Executive Officer of Escort Inc., an automotive electronics manufacturer from January 2008 to January 2014 and prior to that as President and Chief Operating Officer from June 2007 to January 2008.
  • Served in a number of capacities at General Motors Company from 1986 to 2007, most recently serving as General Manager overseeing operations for the Buick, Pontiac and GMC Divisions from January 2005 to May 2007 and as General Director of Finance (CFO) for U.S. Sales, Service and Marketing Operations from 2001 to 2004.
  • Led General Motors Company’s used car remarketing activity from 1999 to 2000.
  • Graduate of Northern Illinois University and Purdue University (M.S., Management).

 

 

Todd F. Bourell

Todd F. Bourell

Independent Director since June 2015

Compensation Committee and Nominating and Corporate Governance Committee

Age: 46

  • Managing Partner of WLJ Capital, LLC, a public equities investment firm he founded in January 2015.
  • Partner/Analyst at ValueAct Capital, LLC, a privately held hedge fund, from May 2001 to December 2014.
  • Global Industry Analyst at Wellington Management Company, a worldwide private investment management company, from September 2000 to May 2001.
  • Partner/Analyst at Peak Investment L.P., a private investment firm, from July 1994 to July 1998.
  • Served as ValueAct Capital, LLC’s representative on the board of directors of several publicly traded companies, including Insurance Auto Auctions, Inc. (IAA) from October 2003 to May 2005, now a wholly-owned subsidiary of the Company.
  • Graduate of Harvard College and the University of Pennsylvania (MBA).

 

 

Donna R. Ecton

Donna R. Ecton

Independent Director since December 2013

Audit Committee and Compensation Committee (Chair)

Age: 69

  • Chairman and Chief Executive Officer of EEI Inc., a management consulting firm she founded in July 1998 to provide private equity firms with due diligence and market and operational assessments of companies being considered for acquisition, as well as turnaround management of troubled portfolio companies.
  • Director (1994 to 1998) and Chief Operating Officer (1996 to 1998) of PetsMart, Inc.
  • Chief Executive Officer of a number of companies, including Business Mail Express, Inc. (1995 to 1996) and Van Houten North America Inc./Andes Candies Inc. (1991 to 1994).
  • Held senior corporate management positions at Nutri/System, Inc., Campbell Soup Company and Nordemann Grimm, Inc.
  • Began career in banking at Chemical Bank and Citibank N.A. in New York City, running the Upper Manhattan middle market lending business and midtown Manhattan’s retail banks.
  • Previous public company board of director positions have included Mellon Bank Corporation and Mellon Bank N.A., Mellon PSFS, H&R Block, Inc., Tandy Corporation, Barnes Group Inc. and Vencor, Inc.
  • Elected to and served on the Harvard University’s Board of Overseers.
  • Member of the Council on Foreign Relations in New York City.
  • Serves on the NYSE Governance Services Advisory Council.
  • Graduate of Wellesley College and the Harvard Graduate School of Business Administration (MBA).

 

 

Mark E. Hill

Mark E. Hill

Independent Director since June 2014

Nominating and Corporate Governance Committee (Chair) and Risk Committee

Age: 60

  • Managing Partner of Collina Ventures, LLC, a private investment company that invests in software and technology companies, since 2006.
  • Co-founder and chairman of Bluelock, LLC, a privately held infrastructure as a services company, since 2006.
  • Co-founder, President and Chief Executive Officer of Baker Hill Corporation, a banking industry software and services business, from 1985 to 2006. Baker Hill Corporation was acquired by Experian PLC, a global information solutions company, in 2005.
  • Graduate of the University of Notre Dame and Indiana University (MBA).

 

 

Mark Howell

J. Mark Howell

Independent Director since December 2014

Risk Committee (Chair) and Audit Committee

Age: 51

  • Chief Operating Officer of Angie’s List, Inc., a publicly-traded, United States-based, leading consumer web services business, connecting more than three million consumers to highly-rated local service providers via its online marketplace, since March 2013.
  • President, Ingram Micro North America Mobility of Ingram Micro Inc., a technology distribution company, from 2012 to 2013.
  • President, BrightPoint Americas of BrightPoint, Inc., a distributor of mobile devices for phone companies, as well as Chief Operating Officer, Executive Vice President and Chief Financial Officer, from 1994 to 2012. BrightPoint, Inc. was sold to Ingram Micro Inc. in 2012.
  • Vice President and Corporate Controller of ADESA from August 1992 to July 1994.
  • Audit Staff and Senior Staff at Ernst & Young LLP.
  • Graduate of the University of Notre Dame (BBA in Accounting).

 

 

Lynn Jolliffe

Lynn Jolliffe

Independent Director since June 2014

Compensation Committee and Nominating and Corporate Governance Committee

Age: 64

  • Chief Executive Officer of Jolliffe Solutions, Inc., providing consulting in human capital and talent management since June 2015.
  • Executive Vice President, Global Human Resources of Ingram Micro Inc., a technology distribution company, from June 2007 to June 2015.
  • Vice President, Human Resources for the North America region from October 2006 to May 2007.
  • Regional Vice President, Human Resources and Services for Ingram Micro European Coordination Center from August 1999 to October 2006.
  • Served in various capacities, including Vice President and Chief Financial Officer with responsibility for human resources, at two Canadian retailers, including Holt Renfrew, from 1985 to 1999.
  • Graduate of Queens University and University of Toronto (MBA).

 

 

Michael T. Kestner

Michael T. Kestner

Independent Director since December 2013

Audit Committee (Chair) and Risk Committee

Age: 62

  • Consultant in the building products and automotive industry since December 2015.
  • Chief Financial Officer of Building Materials Holding Corporation, a building products company, from August 2013 to December 2015.
  • Partner in FocusCFO, LLC, a consulting firm providing part-time CFO services, from April 2012 to April 2013.
  • Executive Vice President, Chief Financial Officer and a Director of Hilite International, Inc., an automotive supplier of powertrain parts, from October 1998 to July 2011.
  • Chief Financial Officer of Sinter Metals, Inc., a supplier of metal power precision components, from 1995 to 1998.
  • Served in various capacities at Banc One Capital Partners, Wolfensohn Ventures LP and as a Senior Audit Manager at KPMG LLP.
  • Graduate of Southeast Missouri State University.

 

 

Stephen E. Smith

Stephen E. Smith

Independent Director since December 2013

Audit Committee and Nominating and Corporate Governance Committee

Age: 67

  • Consultant in the automotive industry since October 2012.
  • Senior Vice President, Financial Services of American Honda Finance Corporation, a provider of automobile financing to purchasers, lessees and dealers, from 1985 to October 2012 (including various other positions).
  • Interim President of the California Council on Economic Education, a not-for-profit organization that provides training and educational materials to California teachers relating to economics and personal finance, from July 2013 to February 2014.
  • Graduate of California State University, Northridge.

 

*Updated as of June 8, 2016