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Fil d'Actus

KAR names Michael Kestner Chairman as Jim Hallett retires

KAR names Michael Kestner Chairman as Jim Hallett retires

US-based operator of digital marketplaces for wholesale used vehicles KAR Auction Services (KAR) has named Michael Kestner as chairman of the board as of April 2023, formerly lead independent director of the company. 

KAR, also known as KAR Global (NYSE: KAR), has also announced the retirement of former chairman and company veteran of more than four decades Jim Hallett (pictured).

“I am so proud of what we have accomplished at KAR, and it has been a true honor to serve our company, customers and industry over the last 47 years,” Mr. Hallett said in a company release. Despite stepping down, Mr. Hallet retains a seat on the board. 

Meanwhile, Peter Kelly will continue as CEO. He has been with the company since 2013 when he started as President of Digital Services and Chief Technology Officer.

photo: Jim Hallett (courtesy of KAR)

 

Authored by: Daniel Bland