Insurance Auto Auctions announced on Monday that Tim O’Day will join the KAR Auction Services business unit as senior vice president of finance reporting to John Kett, chief executive officer and president.  

With almost 30 years of experience in finance, operations and general management, IAA highlighted O’Day has a combination of big-company, start-up and high-growth business experience. 

Most recently O’Day worked for nine years as chief operating officer and then chief financial officer for MedSpeed, a national healthcare transportation and logistics provider.

Prior to MedSpeed, O’Day founded and ran a business-to-business Internet technology company, was president of a regional special event company, CFO of an equipment rental chain and director of finance for a national auto glass company. 

O’Day started his career at Abbott Laboratories, first in a management training program followed by various financial management positions in corporate and in the field.

“I am excited to work with Tim and further accelerate IAA's strong momentum,” Kett said.

“Tim’s broad background of financial success combined with his operational and logistics experience will be significant assets to the IAA organization as well as KAR Auction Services,” Kett continued. “I look forward to him joining the executive team as we continue to grow and expand the IAA organization.”

O’Day will be based at the company's headquarters in Westchester, Ill.