IronPlanet Appoints Michael O'Donnell as Senior Vice President and Chief Financial...

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

PLEASANTON, Calif.--(Business Wire)--
IronPlanet(R) (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.

Two Rivers Marketing
Zachary Keller, 515-557-2058

Copyright Business Wire 2008