PAR North America Announces Key Leadership Changes

PAR North America, a business unit of global vehicle remarketing and technology solutions provider, KAR Auction Services, Inc. (NYSE: KAR), announces the promotion of several key leaders. PAR North America is a leading U.S. provider of vehicle transition services with coast-to-coast solutions for recovery management, skip tracing, remarketing and title services. The promotions are aimed at accelerating PAR’s growth and the development of innovative compliance solutions for PAR customers. Jose Delgado has been promoted to senior vice president, sales and business development, Jessie Herdrich has been promoted to vice president, compliance and operations, and John Sibbitt has been promoted to vice president of operations.

“Jose, Jessie and John bring decades of deep industry expertise and a shared commitment to innovation and delivering exceptional customer service. This new leadership structure at PAR will not only position our own company for growth, but will help our customers and business partners succeed,” said Lisa Scott, PAR North America president. “A key focus of this new PAR leadership team will be fortifying our compliance capabilities to deliver the next generation of integrated compliance products and services.”

In his new role, Jose Delgado will focus on expanding PAR’s product portfolio and accelerating the company’s growth strategy. Delgado previously served as vice president of operations, sales and client relations at PAR and will build a new team dedicated to product and service development, client relations, and enhancing the overall PAR customer experience. Delgado will also play a pivotal role in researching new growth areas, creating business development strategies and expanding the company’s geographic footprint.

Jessie Herdrich has been with PAR for more than 10 years, most recently overseeing the company’s compliance function. Herdrich’s leadership skills and extensive knowledge of business and industry regulatory requirements will help address the industry’s heightened focus on compliance and security. In her new role, Herdrich will expand PAR’s compliance department and create innovative new product and service offerings that meet these growing and rapidly evolving regulatory compliance requirements for customers.

John Sibbitt leads PAR’s recovery and skip departments and will take on additional responsibility for establishing consistent and efficient business processes. These operational improvements will help the company be more efficient and deliver greater value to its customers. For the previous six years, Sibbitt oversaw the company’s agent network and recovery strategy teams.

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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 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 17,600 employees across the United States, Canada, Mexico and the United Kingdom. www.karauctionservices.com.