KAR Auction Services Announces Srisu Subrahmanyam

CARMEL, Ind., March 13, 2017 (GLOBE NEWSWIRE) -- KAR Auction Services, Inc. (NYSE: KAR ), a global wholesale used vehicle marketplace, technology and solutions provider, announced that Sriram “Srisu” Subrahmanyam has joined the company as senior vice president of business transformation. Subrahmanyam brings more than 20 years of executive operations and consulting experience to the role, including leadership positions across multiple Fortune® 1000 companies and industries such as aviation, technology, logistics and education. Subrahmanyam will report to Don Gottwald, chief operating officer for KAR.

“KAR has accumulated an extensive portfolio of capabilities focused on simplifying automotive remarketing through data analytics, innovative technology and exceptional service,” said Gottwald. “Srisu is widely recognized for his ability to optimize performance, operations and outcomes across complex and diversified global companies. His broad expertise will help accelerate KAR’s go-to-market strategy and identify new ways to make our company and customers more effective, efficient and successful.”

Prior to joining KAR, Subrahmanyam served as global vice president of engineering for Ingram Micro, the world’s largest wholesale technology distributor. He previously served as executive vice president and chief operations officer for BrightPoint Americas and in executive leadership positions at Career Education Corporation and United Airlines.

“The wholesale automotive eco-system is undergoing a rapid transformation,” said Subrahmanyam. “KAR’s end-to-end remarketing platform presents a unique opportunity to lead this transformation and deliver innovative new solutions across existing and emerging markets. I am excited to help shape KAR’s future and to work with this incredibly accomplished leadership team and company.”  

Subrahmanyam holds a doctorate in chemical engineering from Purdue University and a bachelor's degree in chemical engineering from Birla Institute of Technology and Science in Pilani, India. He is a frequent author and lecturer on topics including organizational optimization, design and culture. He is a member of the board of directors of the Boys & Girls Clubs of Indianapolis and has served on a variety of other prominent industry and community organizations throughout his career.

About KAR Auction Services KAR Auction Services (NYSE: KAR ) provides sellers and buyers across the global wholesale used-vehicle industry with innovative, technology-driven remarketing solutions. KAR’s unique end-to-end platform supports whole car, salvage, financing, logistics and other ancillary and related services, including the sale of more than 5 million units valued at over $40 billion through our auctions. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in 110 countries. Headquartered in Carmel, Ind., KAR has approximately 17,400 employees across the United States, Canada, Mexico and the United Kingdom. www.karauctionservices.com .

KAR Contacts Media Inquiries: Tobin Richer (317) 249-4521 tobin.richer@karauctionservices.com Analyst Inquiries: Mike Eliason (317) 249-4559 mike.eliason@karauctionservices.com