HiBid Appoints Pat McCusker as Chief Executive Officer

Rhea-AI Summary

HiBid, a leading auction technology company, appoints Pat McCusker as Chief Executive Officer, bringing 25 years of industry experience. McCusker's background includes scaling high-growth software and marketplace businesses. He aims to drive growth for HiBid through its Auction Flex 360 platform and online marketplace, HiBid.com.

OCALA, Fla., March 12, 2024 /PRNewswire/ -- HiBid, the premier auction technology company that connects buyers, sellers, and auctioneers worldwide via the HiBid.com platform and the Auction Flex 360 auction management solution, announces the appointment of Pat McCusker as Chief Executive Officer, effective immediately.

McCusker joins HiBid with 25 years of experience scaling high-growth software and marketplace businesses, including in the online auction industry. Early in his career he co-founded AuctionMax, an online auction management platform which was acquired by a Fortune 500 retailer. McCusker then held senior leadership roles at McKinsey & Company, tech-enabled services firm InnerWorkings (NASDAQ:INWK), and most recently served as Co-Founder and President of Fast Radius, a digital manufacturing software company, which he led from inception through public listing and ultimate sale to a private equity firm.

"I'm thrilled to be joining the HiBid team," said McCusker. "I've been fortunate to get to know the business over many months and have been impressed with the team, platform, and opportunity for growth. Auction Flex 360 is a market-leading tool for auctioneers and, with over $2 billion in annual sales, HiBid is one of the world's largest online marketplaces for secondhand goods. This software plus marketplace platform presents an exciting opportunity to drive growth across both our auctioneer customers and millions of captive bidders."

McCusker will be opening a new office in Chicago, Illinois, where HiBid will be adding team members across software development, product management, marketing, and finance. HiBid will continue to maintain offices in Ocala, Florida, and Lincoln, Nebraska.

About HiBid and Auction Flex 360
HiBid is an online auction platform supporting webcast auctions, internet-only auctions, and internet absentee bidding. It is also available as a private-label solution. HiBid is integrated with Auction Flex 360, the market leader in auction software for live and online auctions, with capabilities that include cataloging, clerking, cashiering, accounting, mailing list management, inventory management, and multi-parcel. HiBid and Auction Flex 360 were built from the ground up to function together seamlessly and currently manage over $2 billion in annual sales.

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SOURCE Hibid-AuctionFlex

FAQ

Who is the new Chief Executive Officer of HiBid?

Pat McCusker has been appointed as the new Chief Executive Officer of HiBid.

What is the ticker symbol for InnerWorkings?

The ticker symbol for InnerWorkings is INWK.

Where will Pat McCusker open a new office for HiBid?

Pat McCusker will be opening a new office for HiBid in Chicago, Illinois.

What is the annual sales figure for HiBid?

HiBid has over $2 billion in annual sales.

What are some of Pat McCusker's previous roles?

Pat McCusker has held senior leadership roles at McKinsey & Company, InnerWorkings, and was the Co-Founder and President of Fast Radius.

What is the main product of HiBid?

HiBid's main product is the Auction Flex 360 auction management solution.

Where are HiBid's current offices located?

HiBid currently has offices in Ocala, Florida, and Lincoln, Nebraska.

What industry does HiBid operate in?

HiBid operates in the online auction industry.