KAR Announces New Business Development Leader at Recovery Database Network

FOR IMMEDIATE RELEASE

CARMEL, Ind. – January 11, 2019 – KAR Auction Services, Inc. (NYSE: KAR), a global automotive remarketing and technology services provider, announces John Sibbitt joins the management team of Recovery Database Network (RDN) as vice president of business development. RDN provides specialized software and data solutions to customers across the repossession and disposition value chain. Sibbitt brings eight years of management, operations and asset recovery experience to RDN.

“John has a proven track record of success in the repo industry with strong leadership and customer relationship building skills,” said Peter Kelly, KAR president. “As part of what is now an integrated management team for RDN and Clearplan, John will help us expand our customer base and footprint as we deliver the most powerful software platform in the industry.”

In his new role, Sibbitt will be responsible for managing current RDN client relationships, identifying opportunities for growth and expanding the client network. 

Sibbitt previously served as vice president of operations at PAR North America, a leading U.S. provider of vehicle transition services with coast-to-coast solutions for recovery management, skip tracing, remarketing and title services — also a KAR business unit. Sibbitt was part of the team that launched PAR Platinum Compliance, the vehicle recovery industry’s newest, most extensive compliance, due diligence and transparency tool. He managed all of PAR’s vendor network, overseeing compliance and managing the relationships of more than 700 recovery vendors. Before joining PAR in 2012, Sibbitt oversaw a large specialty portfolio for Liberty Recovery Services. He earned a bachelor’s degree from DePauw University in Greencastle, Indiana, and studied international business at Dublin City University in Ireland.

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 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 5.5 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 120 countries. Headquartered in Carmel, Ind., KAR has approximately 17,500 employees across the United States, Canada, Mexico and the United Kingdom. For more information go to www.karauctionservices.com. For the latest KAR news follow us on Twitter @KARspeaks.