ATLANTA — Sister publication Auto Remarketing learned Thursday
that Mike Broe has been appointed to the position of president and chief
executive officer of Auto Auction Services Corp.

AASC indicated Broe will serve in an interim capacity and
will work directly with AASC's board of directors to make decisions regarding
the long-term leadership of the organization.

The company said Broe is also a candidate for the
organization's permanent position.

Broe's experience includes 23 years in auction management,
both on the ground at auction facilities and in corporate leadership positions.
In its unanimous decision to appoint Broe, the board cited his extensive
network of connections in the industry, his proven leadership skills, and the
objectivity he has demonstrated over the years, specifically while serving on
the board of the National Auto Auction Association.

Speaking of his new responsibilities, Broe said, "AASC is a
successful and unique business with a tremendous team of professionals on which
our industry relies. I am honored to accept this position and very eager to
connect in a new way with the many clients, colleagues, and business partners
I've worked with over the years."

Board member Warren Byrd added, "The board of AASC continues
to recognize great opportunities and a bright future for the company, and we
couldn't be more pleased that Mike is joining the team."

Broe begins his new role immediately and can be reached at mike.broe@autoims.com.

Broe is taking the place of the company's late president and
chief executive officer Don Meadows, who died suddenly on Dec. 10. AASC is
conducting a memorial service later this month.

The event in honor of Meadows is scheduled for Feb. 28 in
Atlanta and will be held from 11 a.m. (EST) to 2 p.m. at the Westin Atlanta
Perimeter North. This hotel is located at 7 Concourse Parkway NW.

Lunch will be served after the service.

To RSVP, email Maureen Berry at maureen.berry@autoims.com.

Those who wish to speak in remembrance of Meadows are asked
to email Berry or Keely Smith at keely.smith@autoims.com.

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