OPENLANE Appoints Two New Members to Enhance Board of Directors

OPENLANE Welcomes New Board Members

OPENLANE, Inc., a prominent player in the digital marketplace for wholesale used vehicles, has recently announced the appointment of Kelly Tuminelli and David Hult to its Board of Directors. This decision aims to enhance the company’s leadership with their combined experience in automotive retail and public company governance.

The announcement was made on June 12, 2026, showcasing OPENLANE's commitment to strengthening its executive team. Mark Howell, the Chair of OPENLANE, expressed excitement about the new additions, stating, "We are delighted to welcome Kelly and David to our Board and look forward to drawing on their expertise." These appointments are expected to bolster the company’s strategy for growth, emphasizing the importance of strong leadership in navigating the competitive automotive industry.

New Directors’ Expertise

Kelly Tuminelli

Kelly Tuminelli brings over 30 years of significant financial leadership experience to the board. Her tenure has included roles at publicly traded firms in the financial services and technology sectors, such as TriNet Group and Genworth Financial. Tuminelli's proficiency in financial management, accounting, investor relations, and capital management is deemed invaluable as the company seeks to create meaningful value for its stakeholders. Her history of driving financial success for various organizations marks her as a key asset for OPENLANE.

David Hult

On the other hand, David Hult is a well-recognized leader in the retail automotive industry, with more than three decades of experience. He has held prominent positions within major dealership groups, including Group 1 Automotive and Penske Automotive Group. Currently serving as the Executive Chairman of Asbury Automotive Group, Hult has demonstrated a proven ability to foster significant growth and operational excellence in the automotive sector. His insights into customer perspectives will be crucial for OPENLANE as it continues to expand its market foothold.

Strengthening Corporate Governance

The appointment of Hult and Tuminelli not only adds diversity to the board but also enhances the corporate governance framework of OPENLANE. Their backgrounds assure a well-rounded perspective that integrates operational and financial strategies, fostering a robust company culture that aligns with OPENLANE’s long-term goals.

Mark Howell further commented on their addition: "Kelly's extensive financial leadership at digitally-forward public companies and David's deep automotive industry experience further strengthen our Board." This reflects OPENLANE's proactive approach to curate a board that is both knowledgeable and experienced, ensuring that the company remains competitive and responsive to market trends.

Conclusion

With the integration of Kelly Tuminelli and David Hult into its Board of Directors, OPENLANE stands poised to enhance its strategic initiatives aimed at advancing its market leadership. Their collective experiences are expected to guide the company through its next phase of growth, ensuring that it continues to deliver exceptional value to customers and shareholders alike. As OPENLANE continues to innovate in the digital marketplace for wholesale used vehicles, these new appointments underline its commitment to exceptional governance and strategic direction.