OPENLANE, Inc., an online auction company for automotive dealers to buy and sell wholesale vehicles, recently announced the promotion of Clive Kinross to president of OPENLANE, as well as the promotion of Peter Kelly to chief financial officer of OPENLANE, effective immediately.

Both executives have been instrumental in establishing OPENLANE as a pioneer and innovator in the online wholesale automotive auction market and will help the company continue to capitalize on its compelling value proposition to both automotive consignors and dealers.

In his new role as president, Clive Kinross will oversee all sales, marketing, industry-facing and customer-facing activities for the company. He had previously served OPENLANE as executive vice president and president for OPENLANE Canada. Under his guidance OPENLANE has become a trusted partner to the used vehicle industry by making the purchase and sale of used vehicles easier, faster and more efficient.

A native of South Africa, Kinross trained as a chartered accountant and before co-founding OPENLANE was vice president of Tri Continental Capital, after serving as vice president at NSA Investments Ltd in South Africa. Kinross holds Bachelor degrees in commerce and accounting from the University of Witwatersrand.

As chief financial officer, Peter Kelly will oversee all financial, operations and technology activities for OPENLANE. Most recently, Kelly served as OPENLANE’s senior vice president of strategic initiatives, in which he oversaw the company’s strategic development, data and analytics, marketing, product management and program implementation.

Before co-founding OPENLANE, Kelly worked for Taylor Woodrow and as a consultant for McKinsey and Company. He earned a first class honors degree in engineering from University College Dublin and holds an M.B.A. from Stanford University.

Both Kinross and Kelly will report directly to Roger Butterwick, CEO of OPENLANE.