Paul J. Lips — Chief Operating Officer of ADESA at KAR Auction Services

Mr. Paul J. Lips serves as the Chief Operating Officer of ADESA, Inc. Mr. Lips served as the Chief Operating Officer of Adesa U.S. at ADESA, Inc. since April 7, 2016 and served as its Executive Vice President of Operations & Finance until April 7, 2016. Mr. Lips serves as an Executive Vice President and Manager of ADESA Minnesota, LLC and CarBuyCo, LLC. He serves as an Executive Vice President of ADESA Missouri Redevelopment Corporation. Mr. Lips serves as Manager of ADESA Virginia, LLC, ADESA Washington, LLC, Auto Dealers Exchange of Concord, LLC; Auto Dealers Exchange of Memphis, LLC; Dent Demon, Inc.; ADESA Phoenix, LLC; ADESA-South Florida, LLC; ADESA Mexico, LLC; ADESA New Jersey, LLC; ADESA Florida, LLC; ADESA Lansing, LLC; Adesa Des Moines; Adesa Southern Indiana, Inc.; Adesa Colorado Inc. and ADESA Charlotte, LLC. He served as Senior Vice President of Operations of ADESA Corporation, LLC at ADESA Inc., which is the General Partner of Asset Holdings III, L.P. since May 2005. He served as the Chief Financial Officer and Treasurer of ADESA Corporation from November 2001 to January 2004. He served as a Manager of ADESA Missouri, LLC and ADESA Pennsylvania, LLC. He served as a Manager of A.D.E. of Knoxville, LLC, ADESA Oklahoma, LLC, ADESA Arkansas, LLC, Adesa Wisconsin, LLC, Adesa Atlanta, Llc and ADESA California, LLC. He served as Controller and Assistant Treasurer of ADESA Corporation from September 1997 to November 2001. He served as Vice President of Investor Relations and Planning of ADESA, Inc., from January 2004 to May 2005. He served as Chairman of National Auto Auction Association, Inc. He serves as Director of Adesa Ohio, LLC, Adesa Phoenix, LLC, Adesa South Florida, LLC, Adesa Southern Indiana, LLC, Adesa Virginia, LLC, Auto Dealers Exchange of Concord, LLC, Auto Dealers Exchange of Memphis, LLC and Dent Demon, LLC. He serves as Director of ADESA LEXINGTON, LLC, ADESA MEXICO, LLC, ADESA MISSOURI, LLC, ADESA NEW JERSEY, LLC, ADESA LANSING, LLC, ADESA FLORIDA, LLC and ADESA DES MOINES, LLC. He serves as a Director of Adesa Atlanta, LLC, Adesa Ark-La-Tex, LLC, ADESA Colorado, LLC and ADESA Oklahoma. He serves as a Director of ADESA Missouri Redevelopment Corporation. Mr. Lips serves as a Director of ADESA Inc.; ADESA Corporation, LLC; AutoVIN Inc.; ADESA New York, LLC; Par, Inc.; ADESA Sioux Falls; A.D.E. Of Ark-La-Tex, Inc.; Tri-State Auction Co., Inc.; and Adesa Texas Inc. He serves as a Director of Adesa Auction Birmingham, ADESA San Diego and Adesa Indianapolis, Inc. He serves as a Director of ADESA Pennsylvania, LLC, ADESA Wisconsin, LLC, ADESA Arkansas, LLC, ADESA Charlotte, LLC and ADESA California, LLC. Mr. Lips serves as a Director of A.D.E. Of Knoxville. Mr. Lips serves as a Director of ADESA, Inc. He served as a Director of Zabel & Associates, Inc.