OPENLANE Appoints Bill Wright as New Vice President of Investor Relations

OPENLANE Appoints Bill Wright as Vice President of Investor Relations

On October 6, 2025, OPENLANE, Inc. (NYSE: KAR), a prominent operator in the realm of digital marketplaces for wholesale used vehicles, proudly announced the appointment of Bill Wright as Vice President of Investor Relations. This strategic move is designed to strengthen the company's leadership, particularly in the area of investor communications and stakeholder engagement.

Bill Wright brings a wealth of experience to this role, having accumulated over 30 years in investor relations, financial markets, and C-suite advisory roles. His impressive background includes serving as the head of investor relations for Enfusion, a company providing SaaS solutions for the financial services sector. At Katapult, a fintech firm specializing in consumer finance, Wright not only established the investor relations function but also successfully guided the company through its initial public offering (IPO).

According to Brad Herring, OPENLANE's Executive Vice President and Chief Financial Officer, the timing of Wright's appointment aligns perfectly with OPENLANE's expansion plans. Herring stated, "It's an exciting time for OPENLANE as we accelerate our vision to build the world's greatest digital marketplace for used vehicles. Bill is a seasoned IR leader with a proven track record delivering results that drive stockholder value. His deep and enduring relationships spanning the investor and financial community are just what we need to help showcase OPENLANE's compelling strategy for growth."

Wright's extensive experience in the financial sector also includes a role as Managing Director of Investment Research at Unicom Capital and prior positions at AIG, further emphasizing his capability to contribute meaningfully to OPENLANE's growth trajectory.

Expressing his enthusiasm for joining the company, Wright remarked, "I'm delighted to join OPENLANE during this pivotal moment in its transformation story, and deeply admire the company's clarity of purpose and vision. As the leading digital marketplace for wholesale used vehicles, OPENLANE has a powerful growth narrative anchored in a differentiated strategy, products, and innovation pipeline. I look forward to putting my experience and relationships to work telling OPENLANE's story while expanding the company's investor profile with stockholders and analysts alike."

Wright holds a Master of Business Administration in Finance and Marketing from NYU Stern School of Business and a Bachelor of Arts in Political Science and Philosophy from Stony Brook University, credentials that complement his professional journey.

OPENLANE has built its reputation by transforming how automotive entities connect, facilitating a streamlined digital marketplace for buying and selling used vehicles. The company serves a diverse clientele, including automotive manufacturers, dealers, rental firms, fleet operators, and lending institutions. Their innovative approach is designed to create a fast, fair, and transparent market experience, ultimately aiding customers in making informed decisions.

Headquartered in Carmel, Indiana, OPENLANE operates on a global scale with a workforce spanning across the United States, Canada, Europe, Uruguay, and the Philippines. With Bill Wright at the helm of investor relations, OPENLANE is poised to further enhance its communication and engagement with stakeholders, creating an even more robust investor narrative moving forward.

In conclusion, the appointment of Bill Wright is not just a change in personnel but a significant strategic move that underscores OPENLANE's commitment to excellence in investor relations. As the company continues to redefine the landscape of wholesale used vehicles, Wright's leadership will undoubtedly play a critical role in widening OPENLANE's reach and reinforcing its standing in the financial community.