KAR Auction Services, Inc. Names Lisa Price Its First Chief People Officer
January 21, 2020 at 09:00 am EST
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KAR Auction Services Inc. d/b/a KAR Global announced Lisa Price, KAR's executive vice president of human resources, will take on the expanded role of chief people officer. Price is the first to hold this title at the company and will increase her focus on KAR's company culture, its employer brand and its employees' safety and security.
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.