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Jim Hallett Will Serve as Executive Chairman After Transition of Management Responsibilities
KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces that Peter Kelly will assume the role of Chief Executive Officer effective April 1, 2021. Kelly has served as KAR Global’s president since 2019 and succeeds Jim Hallett who has led the company as CEO since 2009 and became Chairman in 2014. Hallett will become executive chairman of KAR Global and continue to advise the company on strategic and customer and investor relations matters. Hallett will continue serving as Chairman of the KAR Global Board of Directors, with Kelly being named as a new director beginning April 1, 2021.
“Peter Kelly is a pioneer who helped ignite KAR’s digital transformation almost a decade ago when he brought OPENLANE into our company,” said Hallett. “Over the past several years, we’ve partnered closely to sharpen our strategy, evolve KAR’s operating model and extend the company’s leadership position in digital used vehicle marketplaces. Peter is a bold, decisive leader with a track record of building high-performing teams, and his entrepreneurial mindset makes him the perfect choice for our people and for KAR’s future. I’m confident his leadership of our company and industry will continue to deliver meaningful value to our customers and our stockholders.”
Kelly joined KAR in 2011 through the company’s acquisition of OPENLANE where he served as co-founder, president and CEO. At KAR, he rapidly scaled the startup technology to become the world’s largest private-label online auction platform supporting more than 40 OEM and financial institution brands. Kelly became chief technology officer of KAR in 2013, was named president of KAR’s digital services group in 2014, and was promoted to KAR president in 2019. In his role as president, Kelly was responsible for all KAR business units, operations and brands and oversaw the company’s historic shift to 100% digital in 2020. Most recently, Kelly led the company’s acquisition of BacklotCars, the fastest growing dealer-to-dealer platform in the United States.
Over the coming months, Hallett and Kelly will work closely to ensure a seamless transition of management responsibilities while continuing to advance the company’s strategic priorities.
“The prospect of leading KAR further into our digital future is humbling and exciting,” said Kelly. “The used vehicle industry is continuously evolving, creating new opportunities for growth and expansion in North America and internationally. Our combination of digital capabilities and physical infrastructure is unmatched in the industry and positions us well to capture these opportunities. I remain committed to investing in people, data and technology to deliver great outcomes for our customers and achieve our business goals.”
Hallett joined the company in 1993 as president of ADESA Canada. He became CEO of ADESA in 1996 and led the company’s IPO in 2004. In 2007, Hallett architected the leveraged buyout of ADESA and merger with salvage auction provider Insurance Auto Auctions, Inc. (“IAA”). Hallett took the combined company public in 2009 as KAR Auction Services, Inc. and in 2019, led the successful spin-off of IAA which generated significant value for KAR stockholders. Under Hallett’s leadership, KAR completed the acquisition of more than 50 wholesale auctions and other businesses, expanding the company across North America and Europe and growing annual sales to nearly 6 million vehicles in 2018. Hallett is the recipient of numerous industry and business awards including the 2014 National EY Entrepreneur of the Year and is widely recognized for his active philanthropy and tireless advocacy for the health, safety and wellbeing of auction employees and customers.
“It has been an honor and a privilege to work with, collaborate with and learn from Jim,” continued Kelly. “And I am very fortunate to begin my tenure as CEO from a position of strength reinforced by Jim’s love for this industry and company, as well as his commitment to safety and innovation.”
- Jim Hallett
- Peter Kelly
Certain statements contained in this press 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 based on management’s current expectations, 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. Factors that could cause or contribute to such differences include those uncertainties regarding the impact of the COVID-19 virus on our business and the economy generally, and those other matters disclosed in the Company’s Securities and Exchange Commission filings. The Company does not undertake any obligation to update any forward-looking statements.
[Update] Peter Weber, Kelley Flanagan’s Relationship Confirmed: A Timeline | peter kelly – Sambeauty
Peter Weber and Kelley Flanagan’s relationship has been unconventional from the start.
During the January 2020 premiere of season 24 of The Bachelor, fans learned that the attorney ran into the pilot at a hotel in Malibu in August 2019.
“Kelley met Peter prior to the taping of the show,” host Chris Harrison said in January 2020. “This is completely random but they met at a hotel they were both at for separate parties. She knew Peter — Peter obviously didn’t know her — she went up to him, and they met, and they both think this could be destiny.”
While their relationship didn’t work out on the show (more on that later), the twosome ran into each other post-filming too.
“My relationship with Kelley has just been a lot of things that have kind of been serendipitous,” Weber said on the “Viall Files” podcast in April 2020. ”You go all the way back to the very beginning, her and I running into each other before any of this started, her getting a sign of running into me. That was crazy. What I don’t know if a lot of people know is, obviously the show happened, it didn’t work out for us on the show. After the show, I was in Miami, I had the opportunity to go to the Super Bowl there with my brother and I ran into her on Saturday night before the Super Bowl.”
Following their February 2020 reunion, the twosome kept in touch as he navigated his relationships with both winner Hannah Ann Sluss and runner-up Madison Prewett. As viewers may recall, Weber proposed to Sluss during the finale, but their engagement lasted less than two months. The airline pilot later revealed he still had feelings for Prewett, who quit during the finale week. The pair ultimately decided that they were too different to make it work.
Following both breakups, Weber found his way back to Flanagan. Prewett, however, implied that he was still interested in pursuing a relationship with her before he committed to Flanagan.
“He was, like, calling me and texting me being like, ‘I miss you, let’s get back together.’ … He had texted me two days before [he was with Kelley],” Prewett claimed in April 2020. “You were telling me how much you loved me and wanted to get back together and now you’re with the one person that was my best friend. It just feels a little hurtful.”
Us Weekly broke the news in April 2020 that Weber and Flanagan were official. However, they announced they were done on New Year’s Eve.
Scroll through the gallery for their full timeline.
Hear the Us Weekly editors break down the most surprising celebrity births during the pandemic in under 2 minutes!
Kelley Flanagan Reveals “Really Bad” Breakup With Peter Weber
Watch our full interview with Kelly Flanagan here: https://youtu.be/ELHiJHgpQjE
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Kelley Flanagan Reveals “Really Bad” Breakup With Peter Weber
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What are CrossCountry’s Classic InterCity 125s like?
Up this week, we take a ride aboard one of CrossCountry’s Intercity 125 HST sets from Bristol to Leeds. These trains typically have a good reputation in the UK but be prepared to pay out of your ears for this one!
Date of Travel: September 2020
Class of Travel: Standard Class (2nd Class)
Rolling Stock: Intercity 125 (2x Class 43 locomotives with Mk3 coaches)
Type of Service: Express Passenger
Train Number: 1S51
Origin: Bristol, United Kingdom (England)
Destination: Leeds, West Yorkshire, United Kingdom (England)
Cost of Ticket: £82.65 ($110.65, €96.45; including railcard discount of ⅓)
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hst intercity125 class43
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\”Designing\” for growth | Peter Kelly
Peter Kelly – Senior Lecturer, High Growth Entrepreneurship Aalto University (Finland)
21 November, 2018
Theater House \”Jūras vārti\”
Lần Đầu Tiên Đi Chơi Cùng Chị Mon NY Anh Đức Mõm Và Cái Kết
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