Board of Directors

The KAR Board of Directors is comprised of accomplished business leaders from a variety of industries. Each director brings a unique area of expertise including finance, automotive, technology, operations, HR and marketing. There are currently nine members of the KAR Board of Directors.

James P. Hallett, Director since April 2007


Chairman of the Board and Chief Executive Officer

Age: 66

  • Chairman of the Company since December 2014 and Chief Executive Officer since September 2009.
  • Chief Executive Officer and President of ADESA from April 2007 to September 2009, a wholly owned subsidiary of the Company.
  • President of Columbus Fair Auto Auction, a large independent automobile auction located in Columbus, Ohio, from May 2005 to April 2007.
  • After selling his auctions to ADESA in 1996, Mr. Hallett held various senior executive leadership positions with ADESA between 1996 and 2005, including President and Chief Executive Officer of ADESA.
  • Founded and owned two automobile auctions in Canada from 1990 to 1996.
  • Graduate of Algonquin College.
  • Managed and then owned a number of new car franchise dealerships for 15 years.
  • Winner of multiple industry awards, including NAAA Pioneer of the Year in 2008 and the Ed Bobit Industry Icon award in 2018.
  • Recognized as the EY Entrepreneur of the Year 2014 National Services Award Winner and one of Northwood University’s 2015 Outstanding Business Leaders.

Mark E. Hill, Independent Director since June 2014


Nominating and Corporate Governance Committee (Chair) and Risk Committee

Age: 63

  • Managing Partner of Collina Ventures, LLC, a private investment company that invests in software and technology companies, since 2006; and Chairman and Chief Executive Officer of Lumavate LLC, a company that provides a platform for building cloud-based mobile applications, since November 2017.
  • Co‑founder and Chairman of Bluelock, LLC, a privately held infrastructure as a services company, since 2006.
  • Co-founder, President and Chief Executive Officer of Baker Hill Corporation, a banking industry software and services business, from 1985 to 2006. Baker Hill Corporation was acquired by Experian PLC, a global information solutions company, in 2005.
  • Graduate of the University of Notre Dame and Indiana University (MBA).

J. Mark Howell, Independent Director since December 2014


Risk Committee (Chair) and Audit Committee

Age: 54

  • President and Chief Executive Officer of Conexus Indiana, Indiana’s advanced manufacturing and logistics initiative sponsored by Central Indiana Corporate Partnership, Inc., since January 2018.
  • Chief Operating Officer of Angie’s List, Inc., a publicly-traded, United States-based, leading consumer web services business, connecting more than three million consumers to highly-rated local service providers via its online marketplace, from March 2013 to September 2017.
  • President, Ingram Micro North America Mobility of Ingram Micro Inc., a technology distribution company, from 2012 to 2013.
  • President, BrightPoint Americas of BrightPoint, Inc., a distributor of mobile devices for phone companies, including Chief Operating Officer, Executive Vice President and Chief Financial Officer, from 1994 to 2012. BrightPoint, Inc. was sold to Ingram Micro Inc. in 2012.
  • Vice President and Corporate Controller of ADESA from August 1992 to July 1994, now a wholly owned subsidiary of the Company.
  • Audit Staff and Senior Staff at Ernst & Young LLP.
  • Graduate of the University of Notre Dame (BBA in Accounting).

Michael T. Kestner, Independent Director since December 2013, Lead Independent Director


Audit Committee (Chair), Compensation Committee and Risk Committee

Age: 65

  • Consultant in the building products and automotive industry since December 2015.
  • Chief Financial Officer of Building Materials Holding Corporation, a building products company, from August 2013 to December 2015.
  • Partner in FocusCFO, LLC, a consulting firm providing part-time CFO services, from April 2012 to April 2013.
  • Executive Vice President, Chief Financial Officer and a Director of Hilite International, Inc., an automotive supplier of powertrain parts, from October 1998 to July 2011.
  • Chief Financial Officer of Sinter Metals, Inc., a supplier of metal power precision components, from 1995 to 1998.
  • Served in various capacities at Banc One Capital Partners, Wolfensohn Ventures LP and as a Senior Audit Manager at KPMG LLP.
  • Graduate of Southeast Missouri State University.

Stephen E. Smith, Independent Director since December 2013


Audit Committee, Compensation Committee (Chair) and Nominating and Corporate Governance Committee

Age: 70

  • Consultant in the automotive industry since October 2012.
  • Senior Vice President, Financial Services of American Honda Finance Corporation (AHFC), a provider of financial services to automobile, motorcycle, marine and power equipment product dealers and their customers, from 1985 to October 2012 (including various other positions). Financial services included commercial lending, consumer lending and financing and vehicle service contracts. Started the consumer finance organization at AHFC.
  • Served two terms as Chair of the Vehicle Finance Division for the American Financial Services Association. Member of the Financial Services Roundtable.
  • Began career at Bullock’s Dept. Stores, a division of Federated Department Stores. Held senior level positions in the credit card division and in store management.
  • Member of the board of the directors of Carecredit Corporation, a privately‑held consumer credit healthcare company, from 1996 to 2002.
  • Interim President of the California Council on Economic Education, a not‑for‑profit organization that provides training and educational materials to California teachers relating to economics and personal finance, from July 2013 to February 2014.
  • Graduated from California State University, Northridge (BA, MBA).

Stefan Jacoby, Independent Director Since June 2019


Compensation Committee and Nominating and Corporate Governance Committee

Age: 61

  • Consultant in the automotive industry since January 2018.
  • Executive Vice President of General Motors Company, a multinational company that designs, manufactures and markets vehicles worldwide, and President of GM International Operations, from August 2013 to January 2018.
  • Chief Executive Officer and President of Volvo Car Corporation, a multinational vehicle manufacturer and marketer, from August 2010 to October 2012.
  • Served in several capacities at Volkswagen AG, a multinational automotive manufacturing company, between 2004 and 2010, most recently serving as Chief Executive Officer and President of Volkswagen Group of America from 2007 to 2010 and as Executive Vice President of Group Marketing and Sales at Volkswagen AG from 2004 to 2007.
  • Chief Executive Officer and President of Mitsubishi Motors Europe, the European headquarters of automotive manufacturer Mitsubishi Motors, from 2001 to 2004.
  • Served in a variety of finance and leadership roles at Volkswagen AG from 1985 to 2001.
  • Graduate of the University of Cologne, Germany.

*Updated as of July 1, 2019