KAR Auction Services Donates $25,000 to Three Indianapolis Charities
By: Stephanie Cosby
Funds raised for Boys and Girls Clubs of Indianapolis, American Red Cross of Greater Indianapolis and American Cancer Society of Central Indiana through friendly competition at annual management meeting
CARMEL, Ind., November 13, 2014 – Carmel, Ind.-based KAR Auction Services, Inc. (NYSE: KAR), a provider of used vehicle auction services, announced today the company contributed a total of $25,000 to the Boys and Girls Clubs of Indianapolis, American Red Cross of Greater Indianapolis and American Cancer Society of Central Indiana. The funds were raised during a spirited team-building competition at the company’s annual management meeting, which was held at the Conrad Hotel in downtown Indianapolis from October 7-9. KAR Auction Services CEO Jim Hallett made the announcement.
“As a Carmel-based organization, it is important to KAR and our leadership to support the local Indianapolis community,” stated Hallett. “Our annual management meeting is an outstanding opportunity to support the local economy while showcasing our great city to KAR leadership stationed throughout the U.S. and Canada, and to give back to two deserving organizations through some healthy team competition.”
The three-day meeting drew 81 executives from around the world to Indianapolis, where they converged to discuss leadership strategies, company performance, maximizing synergies among business units, and planning for 2015 and beyond. The team building competition pitted 10 teams against each other in a variety of strategic skills challenges.
The top two teams and the bottom team were invited to select a local charity from those supported by the United Way. The result was a grand total of $10,500 to the Boys and Girls Clubs of Indianapolis, $9,000 raised for American Red Cross of Greater Indianapolis and $5,500 contributed to The American Cancer Society.
About KAR Auction Services
KAR Auction Services, Inc. (NYSE: KAR), a FORTUNE® 1000 company, operates used vehicle auction services for North American sellers and buyers worldwide. Based in Carmel, Ind., the KAR group of companies is comprised of ADESA, Inc. (ADESA), Insurance Auto Auctions, Inc. (IAA), Automotive Finance Corporation (AFC), and additional business units, with nearly 12,000 employees across the globe. Together, KAR’s complementary businesses provide support, technology and logistics for the used vehicle industry. For more information, visit karauctionservices.com. ?