CARMEL, IN – ADESA, Inc. has appointed Timothy C. Clayton as interim chief financial officer.
As previously announced May 12, Cam Hitchcock, ADESA's executive vice president and chief Financial officer, was appointed president, ADESA Dealer Services Group. Dealer Services is the umbrella group that was created to include the Automotive Finance Corporation (AFC) finance business and other businesses and ventures in which the company may enter, focusing on providing the company's dealer customers with value-added ancillary services and products.
Clayton, 51, is the founding principal of Emerging Capital, a specialized management consulting firm providing advisory services in the areas of strategic planning, mergers and acquisitions, capital formation, corporate governance, and CFO-related activities. Since founding Emerging Capital in 2000, he has served as a chief financial officer or as a key advisor to a number of public and private companies, including ADESA.
Previously, from 1997 to 2000, he was executive vice president, chief financial officer, and treasurer of Building One Services Corp., a provider of facility services. Prior to that, from 1988 to 1997, he served as an audit partner with PricewaterhouseCoopers LLP, an independent registered public accounting firm.