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OPENLANE Names Bill Wright Vice President of Investor Relations

1. Bill Wright appointed VP of Investor Relations at OPENLANE, Inc. (KAR). 2. Wright brings over 30 years of experience in investor relations and financial markets. 3. OPENLANE aims to enhance its position as a leading digital marketplace. 4. Wright expects to promote OPENLANE's growth narrative to stockholders and analysts. 5. This leadership change occurs during a transformative period for OPENLANE.

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FAQ

Why Bullish?

Historical examples show strong IR efforts positively impact stock prices (e.g., Netflix). Effective communication can lead to increased investor confidence.

How important is it?

Strategic leadership appointments typically indicate growth intentions and investor focus, which can drive stock price alignment with company vision.

Why Long Term?

The strategic focus on investor relations may yield benefits over time, similar to Salesforce's IR strategies that enhanced shareholder communication and understanding.

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Strengthens Leadership Bench With More Than 30 Years ofInvestor Relations and Financial Markets Experience , /PRNewswire/ -- OPENLANE, Inc. (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, announces the appointment of Bill Wright as Vice President of Investor Relations. Wright will be responsible for leading the company's investor relations program, serving as the primary liaison communicating OPENLANE's vision, strategy and growth to stockholders and the broader financial community. "It's an exciting time for OPENLANE as we accelerate our vision to build the world's greatest digital marketplace for used vehicles," said Brad Herring, EVP and Chief Financial Officer at OPENLANE. "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 brings over three decades of investor relations, financial markets and C-suite advisory experience. Most recently, he led investor relations at Enfusion, a provider of SaaS solutions to the financial services industry, and Katapult, a consumer finance fintech company where he launched the investor relations function and steered the company through its IPO. Earlier in his career, Wright was managing director of investment research at Unicom Capital, and previously held various roles at AIG. "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," said Bill Wright, VP of Investor Relations. "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. About OPENLANEOPENLANE, Inc. (NYSE: KAR) makes wholesale easy by connecting the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to create the most advanced digital marketplace for used vehicles. Our innovative products and services deliver a fast, fair and transparent experience that helps customers make smarter decisions and achieve better outcomes. Headquartered in Carmel, Indiana, OPENLANE has employees across the United States, Canada, Europe, Uruguay and the Philippines. For more information and the latest OPENLANE news, visit corporate.openlane.com. SOURCE OPENLANE, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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