KAR Auction Services, Inc. announced the retirement of the Company's Chief Financial Officer, Eric M. Loughmiller, who retired effective December 31, 2022. On December 30, 2022, the Company's Board of Directors appointed Scott A. Anderson to serve as the Company's Interim Chief Financial Officer, effective January 1, 2023. Mr. Anderson, age 56, has been Chief Accounting Officer of the Company since March 1, 2021.

Previously, Mr. Anderson served as Vice President and Controller of the Company from 2007 to February 2021, and as Controller of ADESA, Inc. from 2001 to 2007. Prior to joining the Company, Mr. Anderson served as senior manager of assurance and business advisory services at PricewaterhouseCoopers LLP from 1997 to 2001, and held various positions at PricewaterhouseCoopers LLP from 1988 to 1997.