CarProof Corp, a portfolio company of U.S. private equity firm Hellman & Friedman since 2013, has appointed Ed Woiteshek as its new CEO. Woiteshek, formerly a Hellman & Friedman director, replaces Paul Antony, CarProof’s founder. Antony will assume the responsibilities of chairman of the board. CarProof, a provider of vehicle history reports based in London, Ontario, sold a minority stake to Hellman & Friedman for an undisclosed sum in August 2013. As reported by peHUB Canada, the company in June bought vehicle valuation guide Canadian Red Book Ltd.
CarProof Names Ed Woiteshek CEO, Paul Antony to continue as Chairman
LONDON, ON, Nov. 25, 2014 /PRNewswire/ – CarProof Corporation announced today that it has appointed Ed Woiteshek to the CEO position. Paul Antony, founder and previous CEO, will be Chairman of the Board.
“I want to thank everyone that has supported CarProof on its journey to drive a new industry standard in transparency. I’ve been so lucky to have led this tremendous company in an industry I love and have grown up in,” said Paul Antony, former CEO and current Chairman of the Board of CarProof. “As a patron of CarProof in this journey, I realize that the skill sets required to lead us up to this point will not necessarily be the same as the ones required to lead us into the next chapter. With that said, the time is right to transition out of the CEO role and into the role of Chairman, providing strategic vision and insight to the company while stepping out of the day-to-day operations. It is my privilege to welcome Ed Woiteshek to CarProof as the new CEO. ”
“Paul’s commitment to creating transparency in the automotive industry is the reason why CarProof exists today,” said Woiteshek, CEO at CarProof. “Thanks to his vision and leadership over the past 14 years, CarProof has built a reputation as an industry leader and is on a path to enable a number of next-generation products that will add value to our loyal customers. It’s truly an honour to take on this role and be a part of a team that is changing the way vehicles are bought and sold. I look forward to working with all the great people at CarProof to aggressively pursue the company’s expansive strategic plans.”
“Ed helped lead the purchase of a minority share of CarProof by Hellman & Friedman and has been on our Board of Directors for the last 14 months. His knowledge of our company and of the industry we operate in is impressive and he’s brought immense value to the boardroom in the last year,” said Antony.
CarProof sits at the intersection of information services and the automotive industry, an area in which Woiteshek has valuable experience. He has spent the last 10 years as an investment professional at Hellman & Friedman (“H&F”), a world-class private equity firm based in San Francisco. H&F has a strong history of investing in people-oriented franchises with an impressive track record in information services, digital media, automotive services and insurance. Current and former H&F companies include HUB International, Applied Systems, Mitchell International, Scout 24, Autodata Solutions (a subsidiary of Internet Brands), ABRA Auto Body & Glass, CarProof, DoubleClick, Catalina Marketing and Formula One. Over the last five years, Woiteshek has worked extensively in the automotive and information services spaces in North America and Europe. He has deep experience helping companies build and drive value creation plans both as an active Board member and as an operator.
Antony is a founding partner of CarProof and under his leadership, CarProof earned a spot on the Deloitte Technology Fast 50™ list for five years and has ranked on the Deloitte Technology Fast 500™ list for four years. CarProof also has the distinction of being named as one of Canada’s Best Managed Companies for 2011, 2012 and 2013. Antony is a native of London, Ont. and is from a family with a great history in the automobile industry dating back to 1938.
CarProof is Canada’s #1 source of used vehicle data, providing products and services that create insight through information for the automotive industry. Offering solutions in vehicle history, appraisal, valuation and more, CarProof is synonymous with trusted, impartial and comprehensive used vehicle data. CarProof’s vehicle history products are used by dealerships, consumers, major auctions, governments, insurance providers and police agencies across Canada to help users buy and sell vehicles with full transparency. CarProof’s vehicle valuation portfolio of products includes Canadian Red Book, which is the leading brand in government and insurance verticals for vehicle values, and other products like its upcoming launch of a next-generation VIN-specific valuation tool that is expected to change the way vehicles are bought and sold in Canada. Based in London, Ont. and founded in 2000, CarProof has been named one of Canada’s 50 Best Managed Companies, and was also honoured with Deloitte’s 2013 Technology Fast 50™ and Fast 500™ awards. For more information about CarProof, visit www.carproof.com.
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