Press Release, Jan. 02, 2019
ATLANTA, GA – In their most recent meeting, the Auto Auction Services Corp. (AutoIMS) board of directors officially named AASC veteran Venkat Krishnamoorthy as CEO of the technology services provider. The appointment becomes official after the announcement that Mike Broe would retire at the end of 2018.
Venkat came to AutoIMS from the Delta Airlines technology team in 2002 and has held leadership positions of progressive responsibility ever since, most recently as the Chief Operating Officer. He is active in the industry, co-chairing an IARA committee, and has been an active participant in AASC board discussions for many years.
“I’m delighted that the board has promoted Venkat. He embodies the values that have served AutoIMS so well over the years, valuing employees and clients so strongly,” said Broe. “The industry can share my confidence that AutoIMS is in great hands.”
Long time board member Warren Byrd of KAR Auction Services, said of the appointment, “The KAR team congratulates Venkat on this well-deserved promotion. His deep knowledge about the company, the technology, and our industry positions Venkat perfectly to lead the next chapter of AASC.”
Board member Steve Krupa of IAASC added, “As a member of the AASC board for the past 6 years, I have been impressed over and over by the leadership team at AutoIMS. Venkat has earned the trust of the entire AASC team and the board, and we know the company will thrive with his leadership.”
Krishnamoorthy added, “It is an immense honor and privilege to be asked to lead AASC. I have had the good fortune to work closely with and learn from two great leaders – Don Meadows and Mike Broe. We have an awesome team and great talent at AASC, and we are in the service of a niche industry. One of my immediate goals is to work in partnership with the AASC Board and AASC’s leadership team to make AASC the employer of choice, provider of choice and investment of choice for the remarketing industry. Mike Broe is leaving AASC in a strong position, and I look forward to leading our company and the remarketing industry into its next chapter!”