KAR Global Hires James Coyle as Chief Digital Officer

Rhea-AI Summary

KAR Global (NYSE: KAR) has appointed James Coyle as the new Chief Digital Officer, effective October 26, 2021. Coyle, with experience from Microsoft and Amazon, is tasked with enhancing KAR's digital marketplace and expanding its digital offerings to a diverse customer base, including dealers and financial institutions. CEO Peter Kelly emphasized Coyle's leadership and digital expertise as key to advancing the company's vision of creating leading digital marketplaces for used vehicles. Coyle aims to leverage KAR's existing digital platforms to improve customer experience.

Positive

• Appointment of James Coyle as Chief Digital Officer expected to enhance digital transformation.
• Coyle brings extensive digital marketplace experience from previous roles at Microsoft, Amazon, and RealSelf.

Negative

• Potential concerns regarding continuity and experience gaps with the new leadership.

CARMEL, Ind., Oct. 25, 2021 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced the company has hired James Coyle as Chief Digital Officer. Coyle will be responsible for a number of the company's digital marketplace businesses and other digital offerings. He will focus on expanding the company's digital footprint and delivering a differentiated suite of products and services to KAR's commercial, dealer, financial institution, rental and fleet customers. Coyle will be a member of the company's executive leadership team and will report to KAR Global CEO Peter Kelly.

"KAR's vision is to build the world's greatest digital marketplaces for used vehicles," said Peter Kelly, CEO of KAR Global. "James' leadership and experience will contribute to our achievement of that vision while advancing and accelerating our digital transformation. He brings a proven track-record of success rapidly scaling digital marketplace businesses across a variety of industries and international geographies. And his deep digital knowledge, entrepreneurial spirit and customer-first mindset are a strong cultural fit for our organization."

Coyle brings a broad range of leadership, technology and digital experience to KAR, including previous roles at Microsoft and Amazon, where he served as the category leader for consumer electronics. He was most recently the CEO at RealSelf, a digital marketplace connecting consumers with physicians for medical and cosmetic procedures. Prior to that, Coyle was the chief customer officer at Varsity Tutors, where he tripled the size of the business in under three years and helped position the company for its successful IPO in early 2021.

"I am thrilled to join the KAR Global leadership team at such an exciting time in the company's evolution," said Coyle. "KAR has assembled a portfolio of digital platforms, capabilities and offerings that is unrivaled across the industry and mirrors many best-in-class consumer digital marketplaces. I look forward to building on the great momentum at KAR and delivering the best, fastest and easiest digital experience possible to the company's broad and growing customer base."

Coyle holds a bachelor of science degree in public financial management from Indiana University. He will join the company beginning October 26, 2021, and be based at KAR Global headquarters in Carmel, Indiana.

About KAR
KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR Global's unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services, including the sale of nearly 3.1 million units valued at over $40 billion through our auctions in 2020. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in about 75 countries. Headquartered in Carmel, Indiana, KAR Global has employees across the United States, Canada, Mexico, Uruguay, the United Kingdom, Europe and the Philippines. For more information and the latest KAR Global news, go to www.karglobal.com and follow us on Twitter @KARspeaks.

Media Inquiries:	Analyst Inquiries:
Jill Trudeau	Mike Eliason
(317) 796-0945	(317) 249-4559
jill.trudeau@karglobal.com	mike.eliason@karglobal.com

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SOURCE KAR Global

FAQ

Who is the new Chief Digital Officer of KAR Global?

James Coyle has been appointed as the new Chief Digital Officer of KAR Global.

What is James Coyle's background before joining KAR Global?

Coyle has held leadership roles at Microsoft, Amazon, and was CEO at RealSelf, focusing on digital marketplaces.

What is the role of the Chief Digital Officer at KAR Global?

The Chief Digital Officer is responsible for expanding KAR's digital marketplace and enhancing digital offerings for customers.

When did James Coyle start his position at KAR Global?

James Coyle began his role as Chief Digital Officer on October 26, 2021.

What impact is expected from the appointment of James Coyle?

Coyle's leadership is expected to accelerate KAR's digital transformation and enhance customer experiences.