- Brad Herring appointed as CFO of OPENLANE (KAR, Financial), effective May 27, 2025.
- Herring brings over 30 years of experience in financial operations and investor relations.
- The appointment supports OPENLANE’s vision to enhance its digital marketplace for used vehicles.
OPENLANE, Inc. (KAR), a prominent operator of digital marketplaces for wholesale used vehicles, has announced the appointment of Brad Herring as Executive Vice President and Chief Financial Officer, effective May 27, 2025. Herring will be responsible for overseeing all financial, reporting, and investor-facing functions, including the company's capital investment strategy. He will report directly to CEO Peter Kelly.
Bringing over three decades of experience in financial operations, investor relations, and business development, Herring has previously held CFO roles at high-profile companies such as Enfusion (ENFN), Shift4 Payments (FOUR), and Elavon. His leadership experience also includes positions at Equifax, Delta Air Lines, and ING North America.
The appointment of Herring aligns with OPENLANE's mission to establish the world's most comprehensive digital marketplace for used vehicles. His expertise in improving financial performance and strengthening investor relations is expected to propel OPENLANE’s strategic initiatives and financial growth.
CEO Peter Kelly expressed confidence in Herring’s ability to enhance the company's financial health and investor engagement, citing Herring’s growth mindset backed by data, analytics, and collaborative efforts. "Brad's stable leadership and diverse experiences are just what we need to advance our strategy while delivering the very best results for both our customers and our stockholders," Kelly stated.
OPENLANE, headquartered in Carmel, Indiana, provides innovative, technology-driven remarketing solutions for the global wholesale used vehicle industry, supporting a variety of services through its integrated marketplaces.
