Insurance Auto Auctions Appoints Christine J. Atkins
26 April 1999
Insurance Auto Auctions Appoints Christine J. Atkins Vice President, Information Technology, Chief Information OfficerSCHAUMBURG, Ill., April 26 -- Insurance Auto Auctions, Inc. announced today that Christine J. Atkins has joined the company to fill the position of Vice President, Information Technology, Chief Information Officer. Atkins, a 25-year veteran of the information services industry, will be responsible for the development and implementation of systems and technology at Insurance Auto Auctions. Her appointment is effective May 10, 1999, and she will report directly to Christopher G. Knowles, chief executive officer. Prior to joining Insurance Auto Auctions, Atkins spent over 25 years in the information services industry culminating in a number of key management positions. Most recently, she served as Chief Information Officer of Administrative Management Group, where she was responsible for restructuring the company's IT organization and assesessing and consolidating the company's IT infrastructure. From 1993 to 1998, she served as Manager of Applications Development of Copyright Clearance Center, Inc., where she led a major three-year project to replace all legacy business applications to a client/server platform, and where she co-invented a patent-pending rights management design. Prior to that, Atkins held a number of successively more responsible positions in applications management, software marketing and sales, and engineering analysis. Chris Knowles, chief executive officer, commented, "We are very pleased and excited to have Christine join us. She brings a unique skill set to IAA which complements the depth and experience of our current senior management team. Christine's extensive knowledge and experience in the information services industry will be a tremendous asset to IAA's future growth." "Christine's immediate focus will be to apply her years of hands-on experience by accelerating our growth of electronic commerce products and services. This includes the expansion of our current Internet auction capabilities as well as broadening IAA's range of business activities through our Internet strategy. I look forward to working with Christine, not only in capitalizing on a wide range of strategic growth opportunities, but in continuing to build IAA's rapidly growing e-commerce salvage services," concluded Knowles. Founded in 1982, Insurance Auto Auctions, Inc. is the largest provider of automotive and specialty salvage services in the United States, providing insurance companies with cost-effective, turnkey solutions to process and sell total-loss and recovered-theft vehicles, a $3 billion per year industry. The company currently has 50 auction sites across the United States. This press release contains forward-looking information that is subject to certain risks and uncertainties that could cause actual results to differ materially from those projected, expressed or implied by such forward-looking information. The company's actual results could differ materially from those discussed or implied herein. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's annual report, Form 10-K for the fiscal year ended December 31, 1998, or subsequent quarterly reports. Among these risks are legislative acts, weather conditions, changes in the market value of salvage, outcome of litigation, competition, quality and quantity of inventory available from suppliers and dependence on key insurance company suppliers. Additional information about Insurance Auto Auctions, Inc. is available on the World Wide Web at http://www.iaai.com.