Copart has confirmed a leadership change, with CEO and director Jeff Liaw stepping down on 31 July 2026. Executive Chairman and former CEO Jay Adair will return to the chief executive role, while Liaw will support the handover as Special Advisor following a decade in senior leadership at the vehicle auction giant.
Copart, Inc. (NASDAQ: CPRT) announced that Jeff Liaw will step down as Chief Executive Officer and director, effective July 31, 2026. The Board has appointed Executive Chairman Jay Adair, who previously led Copart as CEO, to resume the role of Chief Executive Officer effective July 31, 2026. Mr Liaw will support the transition as Special Advisor to Mr Adair.
“Jeff has provided Copart with extraordinary leadership over the past decade, first as CFO, then President, and finally as our third-ever CEO,” said Mr Adair. “Under his stewardship, the Company achieved all-time high transaction values, average selling prices, and auction liquidity. As a result, we are the trusted platform for insurance and commercial consignors all over the world. On behalf of everyone at Copart, I thank Jeff and wish him well.”
Liaw said:
“Leading Copart has been the privilege of a professional lifetime. I’m grateful to the Company for affording me the opportunity, for the customers who have entrusted us with their business, and for my teammates all over the world whose tireless efforts enable us to serve our customers and members so well. I wish Copart and Jay the very best in the next chapter ahead and look forward to contributing to the Company’s future success.”
About Copart
Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart’s innovative technology and online auction platforms connect vehicle consignors to approximately 1 million members in over 185 countries. Copart offers a comprehensive suite of vehicle remarketing services to insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators, and individuals, and offers vehicles via auction to dealers, dismantlers, rebuilders, exporters, and the general public. With operations at over 250 locations in 11 countries, Copart sold more than 4 million units in the last year. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), Brazil (Copart.com.br), the Republic of Ireland (Copart.ie), Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to become a Member, visit Copart.com/register.
Source www.businesswire.com
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