Named CEO in 2021, Peter Kelly’s focus—OPENLANE’s purpose—is simple: “make wholesale easy so our customers can be more successful.” Leveraging his deep technology expertise, Kelly leads OPENLANE’s strategy, planning and growth, overseeing the development and delivery of next-generation products, services and capabilities and ensuring OPENLANE’s core businesses continue to innovate and evolve to meet the changing needs of customers. Kelly also serves on OPENLANE’s board of directors.
Prior to assuming his current role, Kelly was named president in 2019. As president, Kelly oversaw all business units and was responsible for the company’s digital platforms and solutions. He was also charged with strategic and operational oversight of the company’s data as a service, information technology and sales and marketing functions.
Kelly joined the company in 2011 through the acquisition of OPENLANE, the world’s leading online auction platform supporting private-label upstream programs for more than 40 OEM and financial institution brands. As co-founder, president and chief executive officer of OPENLANE, Kelly led the company from startup to the scaleup of what is now the leading online wholesale auction platform in North America sustaining more than one million transactions per year.
Earlier in his career, Kelly spent eight years managing engineering, construction and procurement projects for Taylor Woodrow, a U.K.-based construction and development firm. Kelly holds an engineering degree from University College Dublin and an MBA from Stanford University.
Chuck Coleman is Executive Vice President, Chief Legal Officer and Secretary. In this role, Coleman oversees strategic legal and business planning for OPENLANE and its subsidiaries, including corporate governance, securities, litigation and worldwide merger and acquisition activities.
Coleman assumed his current role in 2019. He joined the company in 2015 as Vice President, Assistant General Counsel and Assistant Secretary, and was promoted in 2017 to Senior Vice President and General Counsel. Coleman was instrumental in the negotiation and planning of OPENLANE’s corporate headquarters and directed legal activities in connection with the company’s domestic and international acquisitions—including the spin-off of the company’s second-largest business unit in 2019 and the sale of its US physical auction business in 2022.
Prior to joining OPENLANE, Coleman was a partner with the law firm of Krieg DeVault LLP, where he was chair of the business practice group, gaining nearly 20 years of corporate and mergers and acquisitions experience.
Coleman has several times been recognized as an Indiana Super Lawyer and an Indiana Super Lawyers Rising Star. He graduated from the University of Notre Dame, where he obtained a bachelor’s degree in accounting, and then earned his law degree from the University of Alabama School of Law.
James Coyle, executive vice president and chief digital officer of OPENLANE, is responsible for expanding the company’s digital footprint and delivering a differentiated suite of products and services to OPENLANE’s diverse customer base. He is charged with the overall growth and business success of the company’s digital marketplaces. From innovation to execution, Coyle’s focus is on new approaches for attracting, engaging and satisfying customers. He also oversees OPENLANE’s digital finance operations, autoniq, RDN/Clearplan, Velocicast and pricing analytics.
Joining OPENLANE in 2021, Coyle brings a proven track record of success rapidly scaling digital marketplaces across a variety of industries and geographies to the company. Most recently, he served as CEO of RealSelf, a digital marketplace connecting consumers with physicians for medical and cosmetic procedures. Previously, Coyle served as chief customer officer at Varsity Tutors, where he tripled the size of the business in less than three years and helped position the company for its successful IPO. Earlier in his career, he held roles at Amazon and Microsoft.
Coyle holds a bachelor of science degree in public financial management from Indiana University.
Justin Davis is co-founder and president of BacklotCars, a fast-growing dealer-to-dealer used vehicle marketplace founded in 2015 and acquired by OPENLANE in 2020. Focused on making wholesale easy for dealers, Davis also leads KAR’s US dealer sales team.
Since joining OPENLANE, Davis has led the successful integration of BacklotCars and TradeRev, combining all US users onto one streamlined platform and digital dealer-to-dealer marketplace. Davis and his team lean in to their entrepreneurial roots, aiming to deliver a simple and intuitive solution that helps dealers conveniently sell and buy used vehicles on their own schedule, with most deals closing in under one day.
Prior to founding BacklotCars, Justin spent a decade in the wholesale used vehicle industry, working in regional sales roles for various wholesale auctions and as a dealership wholesale specialist overseeing the purchase, reconditioning and sale of 30+ cars per week. Davis is a graduate of the University of Kansas.
Jason Ferreri, executive vice president of customer solutions, is responsible for providing valuable services and solutions to OPENLANE’s diverse customer base. Charged with serving the needs of OPENLANE’s largest customers to ensure they can be more successful, Ferreri has held this role since 2018.
Ferreri joined the company in 2004 and has held a series of progressive leadership roles centered around customer engagement and digital success. Prior to joining OPENLANE, he served in vehicle remarketing positions for Mercedes Benz Financial and Chase Bank for over 7 years. In total, Ferreri has more than 25 years of experience in the vehicle remarketing industry.
Ferreri has been heavily involved with industry associations having served as a board member of International Automotive Remarketers Alliance (IARA) for several years and currently serves as a board member of Auto Auctions Services Corporation (AASC).
He holds a bachelors degree in Financial Management from Valparaiso University.
Brad Lakhia, executive vice president and chief financial officer, leads all financial and reporting functions across OPENLANE, as well as investor relations and the company’s capital investment strategy. A skilled financial operator, Lakhia is charged with harnessing OPENLANE’s data-rich environment to drive performance and accountability while accelerating growth and enhancing value for both customers and stockholders.
Lakhia brings more than 25 years of experience including treasury, financial planning and analysis, business development, mergers and acquisitions, and operational finance within large and complex companies. Most recently, he served as VP Finance, Americas for The Goodyear Tire & Rubber Company, the company’s largest business unit representing over $10 billion in revenue, where he helped lead the business to deliver significant long-term structural cost reductions while navigating unprecedented industry volatility. Prior to Goodyear, he held leadership roles with Andeavor (formerly Tesoro and now part of Marathon Petroleum Corporation) overseeing business planning and analysis as well as treasury and credit.
Lakhia holds a bachelor of science degree in accounting from The Ohio State University, a master of business administration in finance from Case Western Reserve University, and is a non-practicing CPA.
Jim Money is president of AFC. As president, Money directs the development and implementation of the company’s overall strategy and growth objectives, as well as corporate administration.
Money brings more than 25 years of experience to his role as president. While at AFC, Money has overseen finance, underwriting, collections and risk management operations. He previously served the company as chief financial officer. He joined AFC in August 1999 as controller and was made vice president of finance in June 2006. He was named CFO in April 2009 and assumed his current role in June 2016.
Prior to joining AFC, Money held a variety of senior management positions within financial and service organizations. He holds a bachelor’s degree from Indiana University.
Lisa Price oversees all people and human resources functions for OPENLANE. She is charged with bringing human resources, payroll, benefits and compensation departments enterprise-wide into alignment with OPENLANE’s strategic and operational goals and objectives.
As OPENLANE’s chief people advocate, Price has transformed how the company and its business units look at, recruit, measure, develop and promote people. She has championed people as a top priority for the company—from sourcing and recruitment to retirement. Under her leadership, the human resources function has become a true strategic partner to the business.
Price initially joined the company in 2005 as corporate counsel for ADESA, responsible for everything from employment litigation and third-party liability to HR compliance matters and responses to OSHA inquiries. In 2007, she was promoted to vice president of litigation and employment counsel for KAR. She assumed her current role in 2013, making the leap from a successful 14-year legal career to leading the enterprise people function for OPENLANE and its subsidiaries.
Prior to joining the company, Price spent six years in private practice at Stewart & Irwin focusing on employment law, litigation and compliance. She is skilled in the areas of workers’ compensation, employee relations and employee benefits, as well as risk management. Price holds a bachelor’s degree Cum Laude from Ball State University and earned her doctorate of jurisprudence from Indiana University School of Law.
Tobin Richer is Senior Vice President of Marketing and Communications at OPENLANE. In this role, Richer is responsible for the company’s enterprise marketing and communications activities, including oversight of internal staff and agency resources to accelerate customer acquisition and sales, improve retention and loyalty and promote the overall brand, strategy and reputation for OPENLANE and subsidiaries. Richer leads a diverse team of marketing and communications professionals focused on executing data-driven, multi-channel brand awareness, customer engagement, product promotion, sales enablement, corporate reputation and social responsibility campaigns. He also leads all strategic communications functions across OPENLANE including public relations, social media and executive, internal, and crisis communications.
Richer has more than 20 years of proven results accelerating growth, transforming culture and amplifying brands in geographically and operationally diverse environments ranging from technology startups to established Fortune 50 environments. Prior to joining KAR, he held several senior leadership positions at Anthem, Inc. (now Elevance Health), including Vice President of Corporate Communications where he led all executive communications, clinical communications, reputation management and creative services activities. At Anthem, Richer also served as Executive Advisor to the CEO and Staff Vice President of Clinical Health Policy and Promotion where he focused on effectively positioning Anthem’s executives and communicating the company’s public policy positioning during health reform.
Before his time at Anthem, Richer was an attorney in the corporate health care practice at Michael Best & Friedrich LLP in Milwaukee, Wisconsin. Richer began his career building statistical models and providing policy and regulatory analyses supporting the identification, investigation and prosecution of Medicare and Medicaid fraud at the US Department of Health and Human Services. In 2001, his work earned him the “Administrator’s Award,” the agency’s highest honor.
Richer previously served on the boards of directors of the United Way of Central Indiana, the Indianapolis Opera and the Indiana chapter of the American Heart Association. He holds a juris doctorate from the DePaul University College of Law, a master of public health degree from the Johns Hopkins University Bloomberg School of Public Health, and a bachelor’s degree from University of Wisconsin-Madison.
As EVP, Operations and President, Services & International Markets, Srisu Subrahmanyam leads the strategic growth and development of OPENLANE’s operations, bringing a process-driven mindset to delivering superior customer service and operational effectiveness. He also oversees the company’s international business and operations in Europe and the UK.
Subrahmanyam joined the company in 2017 as senior vice president of business transformation—overseeing business transformation and enterprise optimization, ensuring that OPENLANE is operationally aligned around strategic priorities and that the company’s execution capabilities are effectively deployed across the platform.
He has more than 25 years of executive operations and consulting experience, including leadership positions across multiple Fortune® 1000 companies and industries such as aviation, technology, logistics and education. Prior to joining OPENLANE, Subrahmanyam served as global vice president of engineering for Ingram Micro, the world’s largest wholesale technology distributor. He previously served as executive vice president and chief operations officer for BrightPoint Americas and in executive leadership positions at Career Education Corporation and United Airlines.
Subrahmanyam holds a doctorate in chemical engineering from Purdue University and a bachelor’s degree in chemical engineering from Birla Institute of Technology and Science in Pilani, India. He is a frequent author and lecturer on topics including organizational optimization, design and culture. He is a member of the board of directors of the Boys & Girls Clubs of Indianapolis and has served on a variety of other prominent industry and community organizations throughout his career.
Life at OPENLANE
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