In a move aimed at development, launch and delivery of products and services, ADESA named Kurt Madvig vice president of product development.
Madvig joined parent company KAR Auction Services in 2001 as an auction general manager to establish and develop ADESA Long Island in New York.
Soon after the launch of the Long Island location, Madvig joined ADESA San Diego, and the company noted that he achieved double-digit revenue growth there. He starts in his new role with 30 years of automotive remarketing industry experience.
He most recently served as vice president of auction operations for ADESA, where he took a leadership role in opening of ADESA’s Chicago location, according to the company. An active member of the National Auto Auction Association, Madvig currently serves as co-chair of the NAAA Standards Committee.
“(Madvig) has been instrumental in introducing innovation, integrating technology and streamlining processes at our auctions,” ADESA chief commercial officer Paul Lips said in a news release. “Now, as leader of our product-development team, Kurt will focus on creating best-in-class service and industry-leading solutions for our customers.”
ADESA also named several current employees to the product development team under Madvig’s leadership. Eddie Ammar, senior director of protection products, will oversee ADESA Assurance and the development of additional protection products.
Director of inspection services Jason Murdock will be responsible for thorough inspections and creating new inspection offerings. Senior project manager Colleen McCormick-Shankle will oversee new product launches and implementations.