OPENLANE Names Brad Herring Chief Financial Officer

Core Insights - OPENLANE, Inc. has appointed Brad Herring as EVP and Chief Financial Officer effective May 27, 2025, to enhance its financial management and investor relations capabilities [1][2] Company Overview - OPENLANE operates digital marketplaces for wholesale used vehicles, providing innovative, technology-driven remarketing solutions [4] - The company aims to build the world's greatest digital marketplace for used vehicles, focusing on growth and operational performance [2] Leadership and Experience - Brad Herring brings over 30 years of experience in financial operations, investor relations, and business development, having previously served as CFO for several digitally-forward companies [2][3] - His past roles include CFO positions at Enfusion, Shift4 Payments, and Elavon, as well as progressive financial leadership roles at Equifax, Delta Air Lines, and ING North America [2] Strategic Vision - The appointment of Herring is expected to reinforce OPENLANE's culture of innovation and disciplined financial management, aligning with the company's growth strategy [2][3] - Herring expressed confidence in OPENLANE's ability to deliver growth and value through its technology solutions and scalable financial profile [3]