CARMEL, Ind. -

KAR Auction Services announced Monday an internal promotion to fill the role of AuctionTrac’s chief innovation officer.

Taking on the position is Michael Newman, who will be responsible for leading the AuctionTrac’s development and implementation of new technology initiatives and the enhancement of its current offerings, including mobile apps, and cultivating the company’s culture of innovation.

“Since joining the KAR group of companies during the 2011 acquisition of AuctionTrac, Michael has played a crucial role in enhancing our technology offerings,” said David Vignes, KAR’s executive vice president of enterprise optimization. “Through the groundbreaking AuctionTrac Dealer App, which Michael was instrumental to developing, we have greatly streamlines operations and enhanced the way our customers do business.”

In his new role, Newman will also continue to create innovative tools for employees’ day-to-day tasks to streamline their processes.

Newman is a co-founder and formerly a senior vice president of AuctionTrac.