Following the company purchasing the remaining interest in TradeRev, KAR Auction Services ironed out a few leadership updates on Wednesday.
Becca Polak, who had been KAR’s executive vice president, general counsel and corporate secretary the past decade, is now the president of TradeRev.
She also earned a promotion to the role of chief legal officer and secretary for KAR. In that role, Polak will remain the head of KAR’s enterprise legal and corporate communications functions.
“I am thrilled to see Becca Polak at the helm of TradeRev — one of our most technologically advanced and fastest growing business units,” KAR chairman and chief executive officer Jim Hallett said in a news release. “I am confident she will accelerate the evolution of TradeRev and help lead the digital transformation of our company and our industry.”
Meanwhile, KAR has promoted Chuck Coleman from assistant general counsel to general counsel; Coleman will retain his posts as vice president and assistant secretary. He has been with the company since 2015.
Additionally, KAR senior vice president of corporate communications Tobin Richer is also taking on responsibilities as TradeRev’s chief marketing officer. He will report to Polak in both roles, and has been with the company since 2016.
“KAR is well positioned for growth, and has the leadership bench strength to make sure we capture the many opportunities ahead,” said Polak, “Chuck and Tobin quickly established themselves as leaders in protecting and promoting KAR’s brands and supporting our diverse businesses units. It is great to see internal talent continue to grow at KAR, and I am very pleased to see them take on additional responsibilities.”