Insurance Auto Auctions Names Livingston to Board of Directors

April 11, 2003

Illinois-based Insurance Auto Auctions, Inc., a provider of automotive salvage and claims processing services in the United States, appointed Philip Livingston to the company’s Board of Directors. Livingston is the chief financial officer at World Wrestling Entertainment (WWE), and also serves on WWE’s Board.

Prior to being named CFO at WWE, Livingston was the president and chief executive officer of Financial Executives International, a widely recognized organization for chief financial officers, controllers and treasurers. In that position, he had significant participation in the formulation and passage of the Sarbanes-Oxley Act of 2002.

“We are very pleased to welcome Philip to our Board of Directors,” Tom O’Brien, CEO of IAA, remarked. “He brings to the Board extensive financial expertise, a strong managerial background and a significant amount of experience developing corporate governance legislation. His background and expertise in these areas will be of significant value to IAA as we continue to make strides in the automotive salvage market.”

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