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Remarketing govt Tom Caruso dies at 62

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Remarketing business veteran Tom Caruso died Monday at 62 after a battle with most cancers.

He started his profession in 1980 as fleet supervisor of Harmony Auto Public sale, turning into common supervisor in 1984. He was key in successful quite a few native and nationwide accounts, which led to its acquisition by ADESA in 1992.

Caruso later grew to become govt vice chairman of ADESA, overseeing half of the corporate’s U.S.-based operations, earlier than being promoted to COO and then CEO in 2009. He retired in March 2020 as govt vice chairman and chief consumer officer for KAR International, ADESA’s guardian firm.

“What all the time set Tom aside … was not what he achieved, however how he achieved it,” KAR Chairman Jim Hallett mentioned in an announcement. “Tom was a real servant chief who believed deeply within the energy of individuals — the flexibility to get something achieved by partnership, collaboration and belief.

“He approached each problem with enthusiasm and an eagerness to work with others to search out the absolute best consequence. That’s the reason individuals gravitated towards him and why all of us loved working with him a lot.”


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