Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ADESA Corporation Strengthens Management Team.


Business Editors

INDIANAPOLIS--(AutomotiveWire)--Sept. 4, 2001

ADESA Corporation, a business unit of ALLETE, Inc. (NYSE NYSE

See: New York Stock Exchange
:ALE), today announced that Brian J. Warner, president of ADESA Canada, has been appointed to the position of president of ADESA Corporation, based in Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation).
Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S.
.

Warner's appointment, which takes effect Oct. 1, 2001, was announced by current company President Jim Hallett, who will remain chairman and chief executive officer of ADESA Corporation.

"Brian's addition to ADESA's corporate office strengthens an already deep management team and provides me the opportunity to focus more of my time on growing our salvage salvage, in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so.  business and to look for opportunities to enhance our other services," Hallett said.

"Brian Warner has a proven track record and his attention to the fundamentals of the auction business will strengthen existing operations and will position ADESA for growth well into the future," said David Gartzke, president of ALLETE, Inc. "Jim Hallett and his team grew ADESA from 16 to 54 auction locations and he led the company into the automobile salvage business. He will continue to seek out new growth opportunities as he serves as chairman and chief executive officer of ADESA Corporation, as well as executive vice president of ALLETE, Inc."

Warner joined ADESA in 1994 as corporate controller and chief financial officer. Later he became general manager of ADESA's Indianapolis auction facility. In 1998 Warner was named president of ADESA Canada, where he grew the company from three to 13 wholesale automobile auctions and expanded ADESA's salvage presence through Impact Salvage Auctions. Warner holds a bachelor's degree from Ball State University, with majors in accounting and management information systems.

"My family and I are grateful and excited about the opportunity to return to the U.S.," Warner said. "However, we are leaving behind many great friends, employees and customer relationships in a country we have grown to love."

Dale Hewitt, current chief operating officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 and a 30-year auction veteran, will succeed Warner as president of ADESA Canada.

ADESA Corporation is North America's second-largest provider of wholesale vehicle remarketing services. The company operates 54 wholesale auctions and 24 salvage auction facilities.

ALLETE, Inc., is a multi-services company with corporate headquarters in Duluth, Minnesota. ALLETE's holdings include the second-largest wholesale automobile auction network in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ; the leading provider of independent auto dealer inventory financing Inventory financing

Used in the context of factoring and general finance to refer to loans to consumer product producers that use inventory as collateral. See also: Inventory loan.
; the largest investor-owned water utilities in Florida and North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures


Area, 52,586 sq mi (136,198 sq km). Pop.
; significant real estate holding in Florida; and a low-cost electric utility that serves some of the largest industrial customers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .

The statements contained in this release and statement that ALLETE and ADESA Corporation may make orally in connection with this release that are not historical facts are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties, and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 4, 2001
Words:483
Previous Article:AirTran Airways Reports Record August 2001 Traffic Results.
Next Article:Poore Brothers, Inc. To Present at RedChip Investor Conference in New York Tuesday, Sept. 11, 2001, at 8 a.m. ET, 7 a.m. CT.
Topics:



Related Articles
ADESA Corporation and Minnesota Power & Light Company announce planned merger.
ADESA Announces Appointment of Chief Operating Officer.
ADESA Corporation Acquires I-44 Auto Auction.
ADESA Corporation Announces Management Changes.
ADESA's Total Loss Vehicle Auction Subsidiary Announces Name Change.
ADESA Canada Promotions Announced.
ADESA's Great Rigs Sold to The Waggoners Trucking.
ADESA Impact Launches Western Operations, Total Loss Recovery Center In Northern California.
New interactive technology captures the attention of Ford and BMW.
ADESA Names Cameron Hitchcock Chief Financial Officer.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles