Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services and a live and live-online salvage auto auction company, has announced that Tim O’Day will join the company as senior vice president of finance, reporting to John Kett, CEO and president.
With almost 30 years of experience in finance, operations and general management, O’Day has a combination of big company, start-up and high-growth business experience. Most recently, O’Day worked for nine years as COO and then CFO for MedSpeed, a national healthcare transportation and logistics provider. Prior to MedSpeed, O’Day founded and ran a B2B internet technology company, was president of a regional special event company, CFO of an equipment rental chain and director of finance for a national auto glass company. He started his career at Abbott Laboratories, first in a management training program followed by various financial management positions in corporate and in the field. O’Day earned his bachelor of science degree in business from Indiana University.
“I am excited to work with Tim and further accelerate IAA’s strong momentum,” said Kett. “Tim’s broad background of financial success combined with his operational and logistics experience will be significant assets to the IAA organization as well as KAR Auction Services. I look forward to him joining the executive team as we continue to grow and expand the IAA organization.”
O’Day will be based at the company’s headquarters in Westchester, Ill.