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On Thursday afternoon, a presentation at the National Auto Auction Association’s Total Access event delved into what the future could look like for automotive, particularly around microchips and electric vehicles.
But earlier that day, the association took time to honor three of the most influential leaders in the auction industry’s recent history.
Sandy Schwartz, the chief executive officer of the Cox Family Office and longtime president and CEO of Cox Automotive as well as being the former Manheim president, was inducted into the NAAA’s Hall of Fame.
Meanwhile, Janet Barnard — recently retired from her role as Cox Automotive chief people officer — was recognized with an NAAA Industry Pioneer Award. Before serving as chief people officer, Barnard was president of Cox Automotive Inventory Solutions group, after serving as president of Manheim North America.
Last but not least, NAAA also announced that it has established the Tom Caruso Memorial Scholarship Fund in memory of the late ADESA and KAR Global leader.
Caruso, who retired in March 2020, spent 40 years in the remarketing business, including time as ADESA’s president and CEO, its chief operating officer and its executive vice president, among other roles.
He was president of the National Auto Auction Association from 2005 to 2006. Just prior to retirement, Caruso was chief client officer at KAR, a role he had held since 2013.
The memorial fund is part of the NAAA Warren Young, Sr. Scholastic Foundation, Inc. It will award four scholarships each year (one from each NAAA chapter) to students pursuing a degree from a trade or technical school.
The eligibility requirements are the same as the NAAA Warren Young, Sr. Scholastic Foundation, Inc. Scholarship Program.
Donations can be made to the fund by mailing a check payable to Scholarship America to the address below, with “Tom Caruso Memorial Scholarship Fund” in the memo line.
National Auto Auction Association
5320 Spectrum Drive, Suite D
Frederick, MD 21703
Source : AutoFinanceNews
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