Manheim Auctions on March 7, 2001 named Mike Langhorne, the company’s current vice president of financial services who has been with the company for 17 years, as chief financial officer. Bob Gartin, Manheim’s senior vice president of finance and administration, has been named senior vice president of administration, and will focus his efforts on Manheim’s auction expansion efforts. Under the new structure, Gartin will focus on land acquisition, construction of new auction facilities, and expansion of existing facilities. Manheim recently announced that it will spend $200 million in 2001 in expanding and improving the infrastructure of its 86 U.S. auctions. In the next five years, Manheim is committed to spending $1 billion on auction improvements. Gartin will also continue to provide due diligence on major transactions at Manheim. Recently, Gartin played a leading role in the acquisition of ADT Automotive from Tyco International. Gartin joined Manheim as vice president and controller in 1983 after serving nine years with Cox Enterprises. He was promoted to vice president and CFO in 1991 and became senior vice president of finance and administration in 1995. Langhorne will oversee financial and related functions within Manheim, including the accounting, treasury, human resources and information technology departments. Both Langhorne and Gartin will report directly to Dean Eisner, president and CEO. In addition, Langhorne will assume responsibility for Manheim Automotive Financial Services (MAFS), a division that provides floor-plan financing, rental car financing and insurance services to dealers nationwide. Leon Lyon, vice president and general manager of MAFS, will report to Langhorne. Langhorne joined Manheim as a senior accountant in 1984, and was promoted to controller in 1991 and vice president of financial services in 1996. Dean Echols, director of Manheim Auctions Government Services (MAGS), a division that provides vehicle and equipment disposal services to government agencies, will report to Jamie Porter, senior vice president of sales and reconditioning.