OPENLANE INC (OPLN)
Sector: Industrials
Sector: Industrials
OPENLANE INC - Executive Compensation
Executive Vice President, Chief Legal Officer and Secretary
Executive Compensation
Chuck Coleman serves as Executive Vice President, Chief Legal Officer, and Secretary at OPENLANE INC., a leading digital marketplace for wholesale used vehicles. With over 25 years of legal experience in the automotive and auction industries, Coleman joined KAR Auction Services (OPENLANE's predecessor) in 2006 as Vice President and Associate General Counsel. He quickly advanced through key leadership roles, including Senior Vice President and General Counsel, overseeing all legal functions during periods of significant growth and transformation, such as the company's public listing and major acquisitions. Coleman's notable achievements include guiding OPENLANE through its pivotal 2022 merger with OVE (Online Vehicle Exchange), which created a unified digital platform serving dealers and commercial sellers nationwide. His strategic counsel has been instrumental in navigating complex regulatory environments, managing high-stakes litigation, and ensuring compliance with evolving industry standards. Under his leadership, the legal team has supported innovative expansions, including technology integrations and international partnerships, contributing to OPENLANE's position as a market leader. In his current role, Coleman directs a comprehensive legal strategy that aligns with OPENLANE's mission to revolutionize vehicle remarketing. As Corporate Secretary, he advises the Board of Directors and executive team on governance matters, risk management, and corporate transactions. A graduate of Indiana University with a J.D. from the Maurer School of Law, Coleman is recognized for his pragmatic approach, fostering a culture of ethical excellence and driving sustainable business success.