Showing rapid growth, ACV appoints new board members


As it invests further into strategic growth areas, ACV Auctions has appointed three new independent members to its board of directors.

Those new board members each offer decades of experience from their respective industries, according to ACV. That can “enrich ACV’s perspective in key growth areas from transportation and capital to product innovation,” the company stated in a news release, adding that the additions come at a time of rapid growth for the business.

The three new board members are Eileen Kamerick, René Jones and Kirsten Castillo.

ACV says Kamerick’s experience involves service on boards of public and private companies. Her experience also includes enhancing stakeholder value, helping to usher in successful IPOs, assisting in mergers and acquisitions and executive leadership mentoring.

Currently, Kamerick is a non-executive director and adviser to several companies. Those include Legg Mason Closed-End Funds, AIG Funds, the Alzheimer’s Association, Associated Bank-Corps, and Hochschild Mining plc.

As for Jones, his more than two decades of management experience includes his current position as chairman and chief executive officer of M&T and its principal banking subsidiary, M&T Bank. That company is headquartered in Buffalo, N.Y., where ACV is also based.

ACV notes that Jones is one of four African-American chief executive officers in the Fortune 500.

“ACV Auctions and M&T Bank, together with many others across the community, are working together to expand and extend Buffalo’s technology, innovation and entrepreneurial ecosystem, and to position our community for success in the new economy,” Jones said.

Castillo has worked in the logistics and transportation sector for decades. In 2010, she joined her family business, Logistics Planning Services, as chief operating officer and went on to lead the sale of the business to GlobalTranz.

She currently leads engagement for and serves on the board of directors of The Marvin Companies and Ocugen.

She also serves on academic and non-profit boards. Those include United Way and Duke University – Fuqua Center for Entrepreneurship & Innovation advisory board.

Expanding on how the company has experienced rapid growth, ACV noted that through COVID-19 challenges, ACV has shown “ongoing record-breaking performance” since May.

Source Article