OPENLANE Appoints Kelly Tuminelli and David Hult to Board of Directors
OPENLANE (NYSE: OPLN) appointed Kelly Tuminelli and David Hult to its Board of Directors.
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Rhea-AI Summary
OPENLANE (NYSE: OPLN) appointed Kelly Tuminelli and David Hult to its Board of Directors. The company highlights their public company leadership, financial expertise and deep automotive retail experience as valuable for advancing OPENLANE's digital wholesale vehicle marketplace growth strategy and supporting long-term value for customers and shareholders.
Positive
- Addition of two directors with extensive public company leadership experience
- New Board member Kelly Tuminelli brings three decades of senior financial leadership
- New Board member David Hult contributes 30+ years of automotive retail experience
- Board strengthened in financial management, capital management and investor relations expertise
- Enhanced automotive retail and operational experience supporting OPENLANE’s growth strategy
Negative
- None.
Details
News Market Reaction – OPLN
On Jun 12, the day this news came out, OPLN closed 2.25% below the previous close.
Data tracked by StockTitan Argus for the Jun 12 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
New Directors Bring Deep Automotive Retail, Public Company Leadership and Financial Expertise
"We are delighted to welcome Kelly and David to our Board and look forward to drawing on their expertise," said Mark Howell, Chair of OPENLANE. "Kelly's extensive financial leadership at digitally-forward public companies and David's deep automotive industry experience further strengthen our Board. Together, David's unique customer perspective and Kelly's financial expertise will help guide OPENLANE as we continue advancing our growth strategy and extending our market leadership."
Tuminelli has more than three decades of senior financial leadership at publicly traded financial services and technology companies including TriNet Group, Genworth Financial and General Electric. She brings extensive financial management, accounting, investor relations and capital management expertise anchored in generating meaningful value for shareholders.
Hult, who brings more than 30 years of retail automotive industry experience and leadership with dealership groups including RLJ McLarty Landers, Group 1 Automotive, Penske Automotive Group and IRA Motor Group, currently serves as Executive Chairman of Asbury Automotive Group, one of the largest automotive dealership groups in
OPENLANE Contacts: | |
Media Inquiries: | Analyst Inquiries: |
Laurie Dippold | Bill Wright |
(317) 468-3900 | (317) 249-4559 |
laurie.dippold@openlane.com | investor_relations@openlane.com |
About OPENLANE
OPENLANE, Inc. (NYSE: OPLN) 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.
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SOURCE OPENLANE, Inc.
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