ADESA Names Top Execs Featured
26 February 2018
ADESA announced that Paul Lips will take on the newly created position of chief commercial officer for ADESA and Srisu Subrahmanyam will join the ADESA senior management team as chief operating officer. In his new role, Lips will be responsible for simplifying the ADESA customer experience and coordinating business development efforts with the marketing, sales and client relationship teams. Lips has held a variety of management roles since joining ADESA in 1996, including corporate controller for ADESA’s finance department, chief financial officer, vice president of investor relations and planning, and senior vice president of operations. Lips served as executive vice president of operations and finance before taking the previous role of chief operating officer in 2016.Taking over as ADESA chief operating officer, Subrahmanyam will lead the strategic growth and development of the U.S. auction operations group. He previously held the position of senior vice president of business transformation for parent company KAR Auction Services and was responsible for overseeing organizational optimization.Subrahmanyam and Lips will report to John Hammer, newly named president of ADESA.