Latest Online Edition Read Here

The Used Car News Report: Carvana and Optimism Grow

ADESA Names Top Execs

ADESA Names Top Execs Featured

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.
Last modified on Monday, 26 February 2018 01:26
More in this category: « TPC Adds Auction Client
ADESA Names Top Execs

ADESA Names Top Execs

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...

Audi Recalls Cars for Incorrect Tire Labelling

Audi Recalls Cars for Incorrect Tire Labelling

Volkswagen Group of America Inc. is recalling 3,543 2014-2015 Audi S7 and 2016-2018 RS7 vehicles. The tire information label on these vehicles incorrectly lists the combined maximum weight as 1146...

  • ADESA Names Dealer Relations Director
    ADESA Names Dealer Relations Director ADESA announced that Trent Strauss has been promoted to director of dealer relations for ADESA, effective immediately. Strauss will report to Steve Dudash, vice president of dealer services. In his…
    Written on Wednesday, 28 September 2016 12:23
  • NAAA Offers Support for Flooded Sale
    NAAA Offers Support for Flooded Sale National Auto Auction Association President Mike Browning drew attention to the victims of the flooding in Louisiana in a letter to members on Aug. 19, spotlighting member Oak View Auto…
    Written on Friday, 19 August 2016 14:40
  • Depreciation Rates Improve
    Depreciation Rates Improve The average price of a used vehicle for model years 2011-15 depreciated by 1.5 percent during July, slightly better than June’s 1.7 percent, according to Black Book. The market performance…
    Written on Wednesday, 10 August 2016 14:59
  • City Honors Auction for Community Involvement
    City Honors Auction for Community Involvement Manheim Seattle won the City of Kent's “Best of Kent” award for the fifth consecutive year, qualifying the auto auction for the Kent Business Hall of Fame. The award is…
    Written on Wednesday, 03 August 2016 15:07
  • Cox Promotes Strategy VP
    Cox Promotes Strategy VP Cox Automotive has named Amy Mills senior vice president of strategy. In this role, Mills will work with Cox Automotive's executive leadership team to identify, execute and sustain strategic initiatives…
    Written on Thursday, 03 November 2016 20:51
  • Association Honors Charitable Auction
    Association Honors Charitable Auction ADESA Winnipeg, located in Winnipeg, Manitoba, Canada, has earned the inaugural 2016 Eastern Auction of the Year Award from the National Auto Auction Association. The award honors excellence in community…
    Written on Friday, 19 August 2016 14:40
  • Manheim Index Rises Again
    Manheim Index Rises Again Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased for the fourth consecutive month in July. The Manheim Used Vehicle Value reading was 127 for July,…
    Written on Friday, 05 August 2016 14:32
  • Manheim Milwaukee Raises Money for Veterans
    Manheim Milwaukee Raises Money for Veterans A group of Milwaukee-area veterans will soon take a memorable trip to Washington, D.C., thanks to Manheim Milwaukee Auto Auction’s initiative to support Stars and Stripes Honor Flight, an organization…
    Written on Monday, 26 September 2016 03:09
  • Cox Names Financial Services President
    Cox Names Financial Services President Cox Automotive announced that Shane O'Dell has been named president of financial solutions. O'Dell will oversee NextGear Capital. He will report to Mark O'Neil, chief operating officer of Cox Automotive…
    Written on Friday, 02 September 2016 14:35
  • NAAA Boosts Prize Amount
    NAAA Boosts Prize Amount In August, the NAAA Executive Committee approved an additional $10,000 to be awarded to the 2016 NAAA Auto Auction of the Year, bringing the total prize to $25,000.The four Chapter…
    Written on Tuesday, 06 September 2016 14:48