ACV Auctions bolsters management team to accelerate growth as dealers turn to online auctions

BUFFALO, N.Y., Aug. 22, 2018 /PRNewswire/ -- ACV Auctions, the rapidly growing online wholesale automotive auction platform, has hired Matthew George as chief financial officer and Craig Anderson as chief corporate development officer. George and Anderson will help manage ACV's expansion and strategic plan as franchise and independent dealers continue to turn to ACV for their wholesale selling and buying needs.

"We have achieved a tremendous amount in a few years," said CEO George Chamoun. "With the addition of Matthew and Craig, two seasoned veterans, we are positioned to accelerate growth and continue our objective of being the most trusted wholesale solution for dealers. We are fortunate to have exceptional leaders that fit our culture."

As CFO, George will lead the financial strategy and oversee the finance, accounting, and other operating functions. George brings more than 20 years of financial experience to the company's executive team. He served most recently as vice president, CFO of the consumer division at Intuit after holding financial leadership positions in various business units and corporate finance at the company since 2003. George started his career at General Electric Power Systems after earning a bachelor's degree from Hamilton College and an MBA from the Goizueta Business School at Emory University.

"ACV has an amazing culture of talented and highly engaged employees," said George. "They're passionate about delivering value to our customers and reinventing the wholesale car auction business, and I'm excited to be a part of it."

As chief corporate development officer, Anderson will evaluate strategic opportunities, lead the company's innovation plan and manage legal affairs. Anderson has more than 15 years of financial, legal and business operating experience, most recently as CFO at Compass, a real estate technology company. Previously, he was a vice president at The Blackstone Group. Anderson began his career as an attorney at O'Melveny & Myers, where he worked on securities offerings, mergers and acquisitions, private equity deals and complex litigation. He has a bachelor's degree from the University of California, Berkeley, a J.D. from Harvard Law School and an MBA from The Wharton School at the University of Pennsylvania.

"At ACV, the pace of our growth and the enormity of the market opportunity are staggering," said Anderson. "Equally compelling is the chance to work with a team dedicated to our customers and to each other."

George and Anderson join the growing team at ACV, which now has over 380 full-time teammates. ACV has expanded into 64 markets as it continues its expansion plans west. In July, the company sold over 7,600 cars, a 300 percent increase in year over year sales, as dealers look to ACV Auctions to bolster their used car strategy.

For more information on ACV Auctions, visit acvauctions.com or @ACVAuctions on Twitter.

About ACV Auctions

ACV is an online, wholesale vehicle auctioning platform that provides franchise and used-car dealerships an efficient and more effective method of buying and selling wholesale vehicles through individual, 20-minute, online auctions. Its technology modernizes the entire arc of auction operations, including account management, title management, floor plan purchasing, arbitration and facilitating logistics. The company strives to be the most trusted source in the industry for dealers to purchase wholesale vehicles. To learn more, visit www.acvauctions.com.

Contact:

Kimber Doolittle
1-315-478-6700
[email protected]

SOURCE ACV Auctions

Related Links

http://www.acvauctions.com