OPENLANE INC (OPLN)
Sector: Industrials
Sector: Industrials
OPENLANE INC - Executive Compensation
Former Executive Vice President and Chief Financial Officer
Executive Compensation
Brad Lakhia is a accomplished finance executive with over 25 years of experience in the automotive, auction, and financial services sectors. He served as Executive Vice President and Chief Financial Officer at OPENLANE Inc., a leading digital marketplace for wholesale used vehicles, from 2021 to 2023. In this capacity, Brad oversaw all aspects of corporate finance, including strategic planning, treasury management, investor relations, tax strategy, and financial reporting. His leadership was instrumental in supporting OPENLANE's growth amid industry disruptions, including the acceleration of digital platforms post-pandemic, and he played a key role in optimizing the company's capital structure to enhance shareholder value. Prior to joining OPENLANE, Brad held senior finance roles at Cox Automotive, where he served as Vice President of Finance for Manheim, the world's largest wholesale vehicle auction company. There, he managed financial operations for a multibillion-dollar portfolio, led integrations following major acquisitions, and drove cost efficiencies that generated significant savings. Earlier in his career, he worked in various finance capacities at Deloitte and other firms, building expertise in mergers and acquisitions, risk management, and operational finance. Brad holds a Bachelor of Science in Accounting from the University of Georgia and an MBA from Emory University's Goizueta Business School. Under Brad's stewardship at OPENLANE, the company achieved notable milestones, including robust financial performance during its transition to a fully digital-first model and preparations for strategic initiatives like its public listing through a SPAC merger in 2022. His ability to align financial strategy with operational goals earned him recognition as a transformative leader, fostering a culture of fiscal discipline and innovation that positioned OPENLANE for long-term success in the evolving automotive remarketing landscape.