IronPlanet Appoints Michael O’Donnell as Senior Vice President and Chief Financial Officer

. August 5, 2008

PLEASANTON, Calif. – IronPlanet® (www.ironplanet.com), the world’s leading online auction company for used construction and agricultural equipment, recently appointed Michael J. O’Donnell to the position of senior vice president and chief financial officer. O’Donnell will be responsible for the company’s overall financial management and for developing the infrastructure to support the continued growth of IronPlanet’s business.

“Michael provides a tremendous amount of experience and leadership capability in financial oversight and management of rapidly expanding companies,” said Gregory J. Owens, chairman and CEO of IronPlanet. “His background and expertise in building sound financial strategies will be invaluable as we continue to scale our business.”

O’Donnell brings more than 25 years of financial and business management experience to IronPlanet. Previously, O’Donnell served as chief financial officer and chief operating officer for Procuri Inc., a leading on-demand supply management software company. O’Donnell also held the position of managing director with Price Waterhouse Corporate Finance and SunTrust Capital Markets, where he led the merger and acquisition advisory group.

“IronPlanet has demonstrated significant growth over the last several years and is well-positioned to accelerate this high-growth trajectory,” said O’Donnell. “I am very excited to join the IronPlanet team and to focus on building the infrastructure that will help the company continue to grow globally and profitably.”

O’Donnell holds a B.S. in Commerce from the University of Virginia.

IronPlanet is the world’s leading online auction company for used construction and agricultural equipment. Our sellers achieve more profitable sales through low transaction costs and better price realizations through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com

Category: Auction News

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