FRANKLIN, Tenn. -

TPC Management Co. announced this week that Penny Wanna has been promoted to president of Auction Academy, the continuing education program the company developed to benefit the wholesale industry.

Wanna has been involved with the Auction Academy program since its inception in early 2012 and most recently served as vice president of administration.

“From the beginning Penny has been 100-percent vested in Auction Academy, and she has been instrumental in the growth of the Academy program,” Auction Academy vice president and co-founder Pauline Pons. “The Academy courses we offer today are a direct outcome of her contributions and organization.”

In addition to the Seminar Series, Auction Academy provides a two-year training and development experience for automotive auction professionals, structured like an executive MBA program. With faculty drawn from expert practitioners around the country, Auction Academy’s programs are designed to enhance essential skill sets, promote best practices and yield better auction performance.

 “Without a doubt, Penny is the heart and soul of Auction Academy, a fact which can be attested to by all four class groups that have graduated to date as well as all the speakers and sponsors who have supported the program,” Auction Academy chief executive officer and co-founder Pierre Pons said. “Penny believed strongly in the Auction Academy from the early days of its inception, and many sessions have been successful because of her determination and sheer force of will. 

“I concur with Pauline that the evolution and success of the Auction Academy can be attributed to Penny’s dedication and perseverance,” Pierre Pons added.

Wanna will also continue with her duties as vice president of administration for both TPC Management and ServNet Auctions.

“From the beginning our goal has been to bring a professional, top-level training experience to the auto auction industry,” Wanna said. “It has been a pleasure to work with the Academy’s first Class Group, made up of the sons and daughters of some of the best independent auto auctions in the country, and subsequently with professionals from all corners of the industry. 

“I am honored to be in a position to help the Academy continue its mission,” she went on to say.