CARMEL, Ind. -- James Hallett, 52, says ADESA Inc. terminated him in a management shake-up announced on Monday.
The former executive vice president of ADESA Inc. and president of ADESA Corp., left the company on Friday. ADESA Corp. operates ADESA Inc.'s 53 wholesale auto auctions. Hallett confirmed Monday that he was terminated, but declined to discuss the circumstances.
Hallett said he is "evaluating a number of different opportunities. I hope to be able to announce something in the next 30 days."
ADESA Inc. CEO David Gartzke, 63, has assumed the title of president of ADESA Corp. Chuck Tapp, ADESA Corp. executive vice president, sales and marketing, assumes ADESA Corp.'s customer relationship duties.
In April the company named Bradley Todd as ADESA's COO in addition to his duties as president of the company's captive finance arm, Automotive Finance Corp. Paul Lips was named senior vice president of operations for ADESA Corp.
Gartzke said the management realignment better positions the company for the future. Operating business lines separately without maximizing efficiencies and resources is just not the right model for ADESA's future, Gartzke said in a statement.
Hallett, a native of Ottawa, Canada, joined ADESA's Canadian operations in 1993 as its president when he sold his two auction sites in Ontario and Nova Scotia to the company.
He took over as president of ADESA Corp. in August 1996 and held that position until October 2001 when he became its CEO. In January 2003, Hallett again took the title of president of ADESA Corp. He held that title until is departure.
ADESA Inc. was owned by ALLETE Inc. of Duluth, Minn., before it went public in June 2004. ALLETE owns public utilities.
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