PartsTrader Announces Appointment of Kyle Schmitt as Group Chief Financial Officer

CHICAGO--(BUSINESS WIRE)--PartsTrader, a Chicago-based leader in automotive parts procurement solutions, today announced the appointment of Kyle Schmitt as Group Chief Financial Officer (CFO).

In this key executive role, Schmitt will be responsible for steering PartsTrader’s financial strategy and operations, with a focus on driving growth and enhancing profitability. His proven track record in strategic planning and execution will be instrumental in guiding PartsTrader through its next phase of expansion.

Schmitt shared his enthusiasm about his new role, stating, “I have witnessed firsthand the incredible potential and dedication of our team. I look forward to continuing my contributions to the growth and success of PartsTrader and helping to drive our mission forward.”

Schmitt, who previously served as Chief Strategy Officer at PartsTrader, brings over 15 years of global experience in both finance and SaaS operations with executive roles in investment banking, financial institutions, M&A (London), property & casualty auto claims, insurtech and autotech.

“We are thrilled to welcome Kyle to the role of Chief Financial Officer,” said PartsTrader CEO Steve Messenger, “Kyle’s extensive experience and strategic insights have already made a significant impact on our organization. We are confident that his leadership will further strengthen our financial operations and contribute to our long-term success.”

About PartsTrader

As the world’s leading parts procurement marketplace, PartsTrader brings together repair shops, parts suppliers, and insurance carriers on one efficient, market-driven platform. PartsTrader helps repair shops make more accurate decisions regarding part-type, price, and availability. Suppliers can quickly grow their market presence and instantly reach thousands of new shops while improving the way they serve their current customers. Insurance carriers gain transparency into the parts procurement process and access to valuable market data, allowing them to increase accuracy and efficiency on every claim.

PartsTrader LLC, based in Chicago, is privately held. For more information, visit partstrader.com