KAR Auction Services Names Vice President of Operations for High Tech Locksmiths

For Immediate Release
Media inquiries:
Darci Valentine
(317) 249-4414

Analyst inquiries:
Jonathan Peisner
(317) 249-4390

Industry veteran Ken Garbez promoted to new role

CARMEL, Ind., June 26, 2014—Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today the company has named Ken Garbez as vice president of operations for High Tech Locksmiths (HTL). KAR acquired HTL, the largest provider of transponder, remote, high-security and car smart keys in North America, in January of this year.

“Ken will be a great asset to High Tech Locksmiths,” said Jay Wiener, HTL CEO. “He is an auto industry veteran that possesses a unique ability to efficiently and effectively manage operational functions while also building and maintaining strong relationships both inside and outside the company.”

Garbez has more than 25 years of experience in the automotive industry, with 12 years spent at ADESA, a business unit of KAR. He has held various management roles at ADESA in the areas of operations, reconditioning and transportation, including assistant general manager at ADESA Golden Gate, and most recently, at ADESA Las Vegas.

“HTL has experienced consistent and steady growth, and Ken’s addition to our team will allow us to reach even more customers across the KAR business units from our nationwide locations,” said Wiener.

About KAR Auction Services
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates used vehicle auction services for North American sellers and buyers worldwide. Based in Carmel, Ind., the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation, Inc.(AFC), and additional business units, with nearly 12,000 employees across the globe.

ADESA operates 65 wholesale used vehicle auctions and IAA has 165 salvage vehicle auctions. Both companies offer leading online auction platforms to provide greater access for customers. AFC provides inventory financing and comprehensive business services to primarily independent used vehicle dealers from its 105 locations. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry.

For more information, visit karauctionservices.com.

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