Remarketing executive Tom Caruso dies at 62

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

He started his vocation in 1980 as fleet manager of Harmony Auto Auction, starting to be standard manager in 1984. He was essential in winning several community and countrywide accounts, which led to its acquisition by ADESA in 1992.

Caruso afterwards grew to become executive vice president of ADESA, overseeing half of the firm’s U.S.-based operations, before being promoted to COO and then CEO in 2009. He retired in March 2020 as executive vice president and main customer officer for KAR Worldwide, ADESA’s mum or dad enterprise.

“What usually set Tom aside … was not what he achieved, but how he achieved it,” KAR Chairman Jim Hallett reported in a assertion. “Tom was a correct servant chief who believed deeply in the energy of individuals — the ability to get just about anything completed through partnership, collaboration and believe in.

“He approached each and every challenge with enthusiasm and an eagerness to do the job with other individuals to find the most effective probable result. That is why individuals gravitated toward him and why we all liked doing work with him so much.”