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JACKSON, Miss. — Recovery Holdings named the president of its newly formed business unit, Remarket America. The company chose an executive with years of remarketing and auction experience.

Assuming the position is David Gryglewicz, who spent more than 15 years at posts with ADT Automotive and Professional Auto Remarketing, or PAR, which is a part of KAR Holdings. Now with Remarket America, company executives expect Gryglewicz to oversee day-to-day operations as well as provide the leadership and strategy to develop this business.

"David's past experience with having served as director of remarketing solutions at ADT Automotive for seven years and then president and chief operating officer of Professional Auto Remarketing, PAR (ADESA), for almost nine years, is what we were looking for to head up our new remarketing service," explained John Higgins, chief executive officer of Recovery Holdings.

"David is well known throughout the industry, and his track record at both of the auction remarketing companies is well documented," Higgins continued.

"We are very excited to have David join us to lead the development of our Remarket America business unit.  His relationships and background in the vehicle recovery business will be a tremendous asset to Recovery Holdings as we grow this business line," he went on to say

Gryglewicz stressed that he plan to maintain the company's commitment to providing professional asset recovery and remarketing services to its clients.

"I'm very excited to join the company and greatly appreciate John and the existing management team's support as we continue to build on the success they have achieved in such a short time," he concluded.