KAR Auction Services chief executive officer Jim Hallett has another award to add to his mantle.

Hallett was recognized as one of six Northwood University Outstanding Business Leaders at the 35th annual Outstanding Business Leader (OBL) Awards Gala on Saturday.

Officials highlighted Hallett was recognized for his longstanding track record of professional success and leadership in the automotive remarketing industry. He has been with the KAR group of companies since 1993 when he joined ADESA Canada as president. In 1996, he relocated from his native Canada to Indianapolis to serve as president and chief executive officer of ADESA.

During his time as CEO of ADESA, the company grew from 16 to 53 whole-car auctions and expanded its finance company, Automotive Finance Corp., to fully service the floor-planning needs of the industry. He also solidified ADESA’s presence in the remarketing industry by entering the salvage vehicle market both in the United States and Canada.

From 2005 to 2007, Hallett was president of Columbus Fair Auto Auction in Columbus, Ohio. In April 2007, he returned to ADESA in the role of president and CEO, and in September 2009, he was named CEO of KAR Auction Services. Earlier this year, Hallett was appointed chairman of the board of directors.

“To receive this award amongst so many esteemed professionals — both this year’s recipients and those who have been acknowledged over the past 34 years — is truly humbling,” Hallett said. “Northwood University is known for its automotive programs that create so many outstanding professionals each year, and I’m proud to be associated with its strong reputation in our industry.”

Northwood University annually recognizes a select group of men and women for their business achievements and for their support and exemplary leadership of the communities in which they live and work. These individuals serve as role models for Northwood University students, all of whom are engaged in the study of business management, as they share anecdotes relating to the obstacles and challenges they encountered while on their personal road to business success, as well as remedies relating to how they overcame them.

In addition to Hallett, the 2015 award winners included:

— Steve Madincea, founder and group managing director of PRISM
— Sonu Ratra, president of Akraya
— Melissa Spickler, founder of The Spickler Group and managing director at Merrill Lynch
— Rollie Massimino, head coach of Northwood University men’s basketball team
— John Rotche, president of Title Boxing Club.

In the 35 years since the program’s founding, more than 300 business leaders from more than 30 states and several countries, representing dozens of industries and fields of business expertise, have received the Outstanding Business Leader Award.

The Northwood honor is the latest one for KAR’s top boss.

Back in November, Ernst & Young LLP announced the recipients of the EY Entrepreneur of the Year awards, and Hallett earned the EY Entrepreneur of the Year 2014 National Services Award.