CARMEL, IN – ADESA, Inc. announced that Bradley A. Todd has been named chief operating officer of ADESA Corp., LLC, ADESA, Inc.'s used vehicle auction subsidiary in the United States. These new responsibilities are in addition to his current role as president of AFC, the company's floorplan financing subsidiary. He also holds the title of executive vice president of ADESA, Inc.
Todd joined the company in 1994 as corporate controller, then moved to AFC as chief financial officer in 1995. He was promoted in 1996 to chief operations officer and then to president of AFC in 2001.
Paul J. Lips has been named senior vice president of Operations for ADESA Corp., effective May 1, reporting to Brad Todd. He was previously vice president of investor relations and planning for ADESA, Inc.
Lips began his career at ADESA in 1996. In 1997, he was promoted to controller and assistant treasurer and in 2001 to chief financial officer and treasurer of ADESA Corp. He was promoted to his investor relations and planning role in 2004.