Two PAR repossession and remarketing vets promoted

Two PAR repossession and remarketing vets promoted

PAR Announces New Leadership Appointments for Michael Fischer and Nick Reisinger

CARMEL, Ind. – Aug. 18, 2022 – PAR North America (PAR), a business unit of leading provider of digital marketplace solutions for used vehicles KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), announces the promotion of Michael Fischer and Nick Reisinger. Fischer will now serve as vice president of operations and Reisinger will take on the role of director of remarketing and titles.

Michael Fischer, New VP of Operations

“Michael and Nick are proven leaders that continue to drive success across our organization and for our customers,” said Jessie Herdrich Irwin, chief operating officer of PAR. “We’re excited about their promotions, as they bring a combined 20+ years of experience with the company to their teams.”

As vice president of operations, Fischer oversees repossession operations, vendor management and skip services. Fischer has been with PAR since 2010 and brings extensive operations and industry knowledge to the role—starting as a skip manager and progressing to his most recent role as senior director of operations.

Nick Reisinger, New VP of Remarketing and Titles

Reisinger now serves as director of remarketing and titles at PAR—bringing more than 15 years of experience to the role. With PAR since 2013, he has managed both internal and field remarketing operations. Prior to joining PAR, Reisinger spent eight years with ADESA U.S. in various fleet and factory supervisory roles.

PAR North America is a leading nationwide provider of vehicle transition services. PAR oversees asset recoveries, manages cycle times, maximizes returns and reduces risk for companies across the U.S. PAR’s clients range from the largest banks, captives and auto finance companies to the smallest credit unions.

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About KAR

KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR Global’s unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in about 75 countries. Headquartered in Carmel, Indiana, KAR Global has employees across the United States, Canada, Mexico, Uruguay, Europe and the Philippines. For more information and the latest KAR Global news, go to www.karglobal.com and follow us on Twitter @KARspeaks.

Two PAR repossession and remarketing vets promoted – KAR Auction Services, Inc. d/b/a KAR GlobalRepossession

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