Coming on the same day KAR Auction Services named a new president at ADESA, another business unit within the company made a trio of promotions.
PAR North America, a leading U.S. provider of vehicle transition services with coast-to-coast solutions for recovery management, skip-tracing, remarketing and title services, announced the promotion of several key leaders.
PAR North America highlighted these promotions are aimed at accelerating PAR’s growth and the development of innovative compliance solutions for PAR customers. The moves include:
—Jose Delgado has been promoted to senior vice president, sales and business development.
—Jessie Herdrich has been promoted to vice president, compliance and operations.
—John Sibbitt has been promoted to vice president of operations.
“Jose, Jessie and John bring decades of deep industry expertise and a shared commitment to innovation and delivering exceptional customer service. This new leadership structure at PAR will not only position our own company for growth, but will help our customers and business partners succeed,” PAR North America president Lisa Scott said.
“A key focus of this new PAR leadership team will be fortifying our compliance capabilities to deliver the next generation of integrated compliance products and services,” Scott added.
In his new role, the company indicated Delgado will focus on expanding PAR’s product portfolio and accelerating the company’s growth strategy. Delgado previously served as vice president of operations, sales and client relations at PAR and will build a new team dedicated to product and service development, client relations, and enhancing the overall PAR customer experience.
PAR added that Delgado will also play a pivotal role in researching new growth areas, creating business development strategies and expanding the company’s geographic footprint.
Herdrich has been with PAR for more than 10 years, most recently overseeing the company’s compliance function. The company noted that Herdrich’s leadership skills and extensive knowledge of business and industry regulatory requirements will help address the industry’s heightened focus on compliance and security.
In her new role, Herdrich will expand PAR’s compliance department and create innovative new product and service offerings that meet these growing and rapidly evolving regulatory compliance requirements for customers.
The company said that Sibbitt leads PAR’s recovery and skip departments and will take on additional responsibility for establishing consistent and efficient business processes. These operational improvements will help the company be more efficient and deliver greater value to its customers.
For the previous six years, Sibbitt oversaw the company’s agent network and recovery strategy teams.