Carmel, Indiana-based KAR Auction Services, Inc. disclosed that Tom O’Brien, chief executive officer of Insurance Auto Auctions, Inc. (IAA) and a director of KAR’s board, will step down as CEO of IAA effective April 30, 2014. O’Brien will remain a member of the company’s board of directors until the company’s next annual meeting of stockholders to be held in June 2014, at which time he will retire from the board. John Kett, currently president and chief financial officer of IAA, will assume the role of chief executive officer and president on May 1, 2014.
Kett joined IAA in 2001 as senior vice president of planning and business development, becoming chief financial officer in 2007 and assuming the role of president in 2011. Prior to joining IAA, Kett served in a variety of senior financial and operational roles for Central Steel and Wire Co., Safelite Glass Corporation, Newark Electronics and Deloitte LLP.