OPENLANE INC (OPLN)
Sector: Industrials
Sector: Industrials
OPENLANE INC - Executive Compensation
Executive Vice President and Chief Financial Officer
Executive Compensation
Brad Herring serves as Executive Vice President and Chief Financial Officer of OPENLANE INC., a global digital marketplace transforming wholesale vehicle remarketing. In this capacity, he leads the company's financial strategy, including planning, reporting, treasury, tax, risk management, and investor relations. Herring's oversight has been instrumental in navigating OPENLANE through key milestones, such as its public listing on the New York Stock Exchange in 2023 and the integration of its portfolio following the merger with KAR Auction Services and ADESA. With over 25 years of finance experience in the automotive and auction industries, Herring joined OPENLANE's predecessor organization in 2007, progressing through roles including Vice President of Finance, Treasurer, and Senior Vice President of Finance. His achievements include spearheading capital optimization initiatives that reduced debt by hundreds of millions, enhancing liquidity during market volatility, and supporting accretive acquisitions that expanded the company's digital capabilities. Prior to OPENLANE, he held finance leadership positions at major auction firms, honing his expertise in operational finance and strategic growth. A Certified Public Accountant, Herring earned his Bachelor’s degree in Accounting from the University of Kentucky. He is a respected leader known for driving financial discipline, fostering innovation, and aligning fiscal strategies with OPENLANE's mission to revolutionize vehicle trading through technology and data.