OPENLANE Management
Management criteria checks 3/4
OPENLANE's CEO is Peter Kelly, appointed in Apr 2021, has a tenure of 2.17 years. total yearly compensation is $7.03M, comprised of 10.9% salary and 89.1% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth MX$82.22M. The average tenure of the management team and the board of directors is 4.5 years and 3.8 years respectively.
Key information
Peter Kelly
Chief executive officer
US$7.0m
Total compensation
| CEO salary percentage | 10.9% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.3% |
| Management average tenure | 4.5yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2023 | n/a | n/a | US$9m |
| Dec 31 2022 | US$7m | US$768k | -US$12m |
| Sep 30 2022 | n/a | n/a | -US$36m |
| Jun 30 2022 | n/a | n/a | -US$62m |
| Mar 31 2022 | n/a | n/a | -US$65m |
| Dec 31 2021 | US$8m | US$710k | -US$33m |
| Sep 30 2021 | n/a | n/a | -US$142m |
| Jun 30 2021 | n/a | n/a | -US$75m |
| Mar 31 2021 | n/a | n/a | -US$90m |
| Dec 31 2020 | US$2m | US$600k | -US$100m |
| Sep 30 2020 | n/a | n/a | US$21m |
| Jun 30 2020 | n/a | n/a | US$26m |
| Mar 31 2020 | n/a | n/a | US$80m |
| Dec 31 2019 | US$2m | US$577k | US$92m |
| Sep 30 2019 | n/a | n/a | US$92m |
| Jun 30 2019 | n/a | n/a | US$89m |
| Mar 31 2019 | n/a | n/a | US$99m |
| Dec 31 2018 | n/a | n/a | US$118m |
| Sep 30 2018 | n/a | n/a | US$275m |
| Jun 30 2018 | n/a | n/a | US$307m |
| Mar 31 2018 | n/a | n/a | US$327m |
| Dec 31 2017 | n/a | n/a | US$174m |
| Sep 30 2017 | n/a | n/a | US$235m |
| Jun 30 2017 | n/a | n/a | US$226m |
| Mar 31 2017 | n/a | n/a | US$231m |
| Dec 31 2016 | US$2m | US$440k | US$222m |
Compensation vs Market: Peter's total compensation ($USD7.03M) is above average for companies of similar size in the MX market ($USD872.09K).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
CEO
Peter Kelly (54 yo)
2.2yrs
Tenure
US$7,028,222
Compensation
Mr. Peter J. Kelly serves as Chief Executive Officer and Director KAR Auction Services, Inc. since April 01, 2021. He served as President at KAR Auction Services, Inc. since January 7, 2019 until March 202...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.2yrs | US$7.03m | 0.29% $ 82.2m | |
| EVP of Operations and President of Services & International Markets | 1.1yrs | US$1.85m | 0.036% $ 10.3m | |
| Executive VP & Chief Digital Officer | 1.7yrs | US$2.51m | 0.014% $ 3.9m | |
| Executive VP & CFO | less than a year | no data | no data | |
| Chief Accounting Officer | 2.3yrs | no data | 0.023% $ 6.7m | |
| VP of Investor Relations & Treasurer | 7.1yrs | no data | no data | |
| Executive VP | 5.7yrs | no data | 0.025% $ 7.2m | |
| Senior Vice President of Marketing & Communications | 4.5yrs | no data | no data | |
| Executive Vice President of Corporate Development & Real Estate | 13yrs | no data | no data | |
| Executive Sales Director | 4.4yrs | no data | no data | |
| Executive VP & Chief People Officer | 10yrs | no data | 0.043% $ 12.2m | |
| Executive VP & Chief Client Officer | 9.4yrs | US$987.96k | no data |
4.5yrs
Average Tenure
53yo
Average Age
Experienced Management: KAR1 *'s management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.2yrs | US$7.03m | 0.29% $ 82.2m | |
| Director | 16.2yrs | US$4.19m | 0.63% $ 179.4m | |
| Independent Director | 8.5yrs | US$232.51k | 0.014% $ 4.0m | |
| Chairman & Lead Independent Director | 9.5yrs | US$277.51k | 0.010% $ 2.9m | |
| Independent Director | 1.7yrs | no data | no data | |
| Independent Director | 3yrs | no data | no data | |
| Independent Director | 9yrs | US$225.01k | 0.055% $ 15.8m | |
| Independent Director | 4yrs | US$215.04k | 0.028% $ 7.9m | |
| Independent Director | 3.3yrs | US$235.01k | 0.023% $ 6.6m | |
| Independent Director | 3.7yrs | US$222.55k | 0.027% $ 7.7m |
3.8yrs
Average Tenure
63.5yo
Average Age
Experienced Board: KAR1 *'s board of directors are considered experienced (3.8 years average tenure).