Copart reinstates Jay Adair as CEO; Liaw to step down

Copart, Inc.

Copart, Inc.

CPRT

0.00

June 29 (Reuters) - Online vehicle auctioneer Copart CPRT.O said on Monday Jeff Liaw will step down as chief executive officer and director, effective July 31, 2026, with former CEO Jay Adair returning to the role.


• The company's board appointed executive chairman Jay Adair, who previously served as Copart's CEO, to succeed Liaw.

• Adair, who joined Copart in 1989 at age 19, served as the company's CEO from February 2010 to April 2024.

• Under Liaw's leadership, Copart achieved record-high transaction values, average selling prices and auction liquidity, Adair said.

• Copart operates at more than 250 locations across 11 countries, providing vehicle remarketing services to a wide range of sellers. It also auctions vehicles to dealers, exporters, rebuilders and the general public.


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