OPENLANE Appoints Kelly Tuminelli and David Hult to Board of Directors

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.

News Market Reaction – OPLN

-2.25%

-2.25% Session close to close

In the Jun 12 session, OPLN declined 2.25%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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New Directors Bring Deep Automotive Retail, Public Company Leadership and Financial Expertise

CARMEL, Ind., June 12, 2026 /PRNewswire/ -- OPENLANE, Inc. (NYSE: OPLN), a leading operator of digital marketplaces for wholesale used vehicles, announces the appointment of Kelly Tuminelli and David Hult to its Board of Directors. Together, Tuminelli and Hult bring extensive public company leadership experience, deep operational and financial expertise, and complementary records of driving growth and value for both customers and stockholders.

"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 the United States. He has a proven track record of delivering significant growth and operational excellence.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/openlane-appoints-kelly-tuminelli-and-david-hult-to-board-of-directors-302798472.html

SOURCE OPENLANE, Inc.

FAQ

What board changes did OPENLANE (NYSE: OPLN) announce on June 12, 2026?

OPENLANE announced the appointment of Kelly Tuminelli and David Hult to its Board of Directors. According to OPENLANE, both executives bring public company leadership experience, financial expertise and automotive retail knowledge to help guide the company’s digital wholesale vehicle marketplace strategy.

Who is Kelly Tuminelli and why did OPENLANE (OPLN) add her to its board?

Kelly Tuminelli is a senior finance executive with more than three decades of experience at public financial services and technology companies. According to OPENLANE, she adds financial management, accounting, investor relations and capital management expertise focused on generating meaningful value for the company’s shareholders.

What experience does new OPENLANE director David Hult bring for OPLN investors?

David Hult has over 30 years in the retail automotive industry and leadership roles at major dealership groups. According to OPENLANE, he currently serves as Executive Chairman of Asbury Automotive Group and has a record of delivering growth and operational excellence for automotive businesses.

How might the new OPENLANE (NYSE: OPLN) board members support its growth strategy?

The new directors are expected to provide financial, operational and automotive retail insights that support OPENLANE’s digital marketplace strategy. According to OPENLANE, Tuminelli’s financial expertise and Hult’s customer-focused automotive background will help guide efforts to extend market leadership and create value for stockholders.

What industry backgrounds do OPENLANE’s new board members have relevant to OPLN shareholders?

Kelly Tuminelli’s background spans public financial services and technology companies such as TriNet Group, Genworth Financial and General Electric. According to OPENLANE, David Hult’s experience includes leadership at dealership groups like Group 1 Automotive, Penske Automotive Group and Asbury Automotive Group.