IAA Names Tim O’Day Chief Operating Officer
Published February 15, 2017 - Written by IAA, Inc.
WESTCHESTER, Ill., Feb. 15, 2017 — Insurance Auto Auctions, Inc. (IAA), today announced that Tim O’Day has been named the company’s chief operating officer, reporting to IAA CEO and President, John Kett. IAA is a leading provider of vehicle liquidation, logistics, title processing, and inventory sourcing for damaged and lower value vehicles. IAA is a business unit of KAR Auction Services (NYSE: KAR), a global remarketing and technology services provider with 310 operating locations across the U.S., Canada, Mexico, and United Kingdom.
“Tim has strong strategy and management expertise and a proven track record of driving customer value through effective and efficient operations,” stated John Kett, CEO and president. “His financial background blended with his analytic and leadership skills will benefit IAA, our customers, and the entire KAR platform.”
O’Day will be responsible for managing the full scope of IAA’s operations across the company’s 173 North American auction locations which last year hosted more than 9,000 auctions. In addition, O’Day will head the transportation and logistics teams, client delivery team, and the company’s nationally recognized catastrophe (CAT) team.
O’Day joined IAA in September of 2015, as senior vice president of finance. Prior to IAA, he worked as COO and CFO for MedSpeed, a national healthcare transportation and logistics provider. Prior to MedSpeed, O’Day founded and ran a B2B internet technology company, was president of a regional special event company, CFO of an equipment rental chain, and director of finance for a national auto glass company. He started his career at Abbott Laboratories. O’Day earned his Bachelor of Science degree in business from Indiana University.
As part of this appointment, IAA made additional key leadership announcements that will further focus the company’s efforts in technology, operations, and market development. The newly formed management team is well positioned to drive IAA’s strategy and innovation forward.
Sidney Kerley has been promoted to Senior Vice President and General Counsel and will continue to lead the legal team and assume responsibility for both Industry Relations and Customer Quality Assurance.
Jeanene O’Brien has been promoted to Senior Vice President of Global Marketing and will continue to oversee Global Marketing as well as assume responsibility for the newly created Buyer Development function.
John Krupnik has been promoted to Senior Vice President and Chief Technology Officer and will continue to oversee Business Technology as well as assume responsibility for the newly created Product Development function.
Terry Daniels, Managing Director of Impact, will expand his responsibility to include both Canada and Global Market Development.
Eldon Booth has been promoted to lead all U.S. field operations as Senior Vice President of Field Operations
Kerley, O’Brien, Krupnik and Daniels will all report directly to John Kett, CEO and president. Booth will report to Tim O’Day, COO.
For four decades, IAA has been dedicated to meeting and exceeding the needs of its global clients and giving back to the communities in which it operates. This philosophy of giving provides IAA’s more than 2,800 team members with opportunities to volunteer, mentor and financially support multiple global, national, and local charitable causes. This commitment also is reflected in IAA’s National Vehicle Donation division which, since 1994, has assisted not-for-profit organizations monetize donated vehicles to fund and support their missions.
Left to right: Tim O’Day, Sidney Kerley, Jeanene O’Brien, John Krupnik, Terry Daniels
Jeanene O’Brien SVP, Global Marketing and Communications
About IAA, Inc.
IAA, Inc. (NYSE: IAA) is a leading global marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique multi-channel platform processes more than 2.5 million vehicles annually. Headquartered near Chicago, IL, IAA has over 3,600 talented employees and over 190 facilities throughout the US, Canada and the United Kingdom. IAA provides a broad range of services to insurers, fleet and rental companies, rebuilders, charity organizations and financing companies that dramatically reduce the cycle time of selling a vehicle with a focus on delivering the highest economic returns. Buyers have access to the industry’s most-innovative vehicle evaluation and digital bidding tools, enhancing the overall purchasing experience.
Uncertainties Affecting Forward-Looking Statements
Certain statements contained in this release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and which are subject to certain risks, trends and uncertainties. In particular, statements made that are not historical facts may be forward-looking statements. Words such as “should,” “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions identify forward-looking statements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Such forward-looking statements include the statements regarding IAA’s future financial and operating performance, benefits and synergies of the separation, strategic and competitive advantages, future opportunities and any other statements regarding events or developments that IAA believes or anticipates will or may occur in the future. We disclaim any obligation or undertaking to update any forward-looking statements. For further discussion of such risks and uncertainties, see “Information Statement Summary,” “Risk Factors” and “Cautionary Statement Concerning Forward-Looking Statements” in the information statement filed as an exhibit to IAA’s Registration Statement on Form 10, as amended.
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