December 10, 2023

Repo Buzz

Collateral Recovery Repossession News And Directory

CARMEL, Ind. – 

On Friday, KAR Auction Services announced an addition to the management team for one of its business units, Recovery Database Network (RDN).

Joining the provider of specialized software and data solutions to customers across the repossession and disposition value chain as vice president of business development is John Sibbitt.

The company highlighted Sibbitt brings eight years of management, operations and asset recovery experience to RDN.

“John has a proven track record of success in the repo industry with strong leadership and customer relationship building skills,” KAR president Peter Kelly said.

“As part of what is now an integrated management team for RDN and Clearplan, John will help us expand our customer base and footprint as we deliver the most powerful software platform in the industry,” Kelly continued.

In his new role, Sibbitt will be responsible for managing current RDN client relationships, identifying opportunities for growth and expanding the client network.

Sibbitt previously served as vice president of operations at 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 — also a KAR business unit.

Sibbitt was part of the team that launched PAR Platinum Compliance; the culmination of a year-long project to roll out a compliance, due diligence and transparency tool. He managed all of PAR’s vendor network, overseeing compliance and managing the relationships of more than 700 recovery vendors.

Before joining PAR in 2012, Sibbitt oversaw a large specialty portfolio for Liberty Recovery Services.

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