Copart, Inc. announced that its Board of Directors has appointed Jeff Liaw as the company's sole Chief Executive Officer (CEO). Mr. Liaw has been serving as Co-CEO since March 2022. In addition, Jay Adair, who served as the Company's CEO from February 2010 to February 2022 and as Co-CEO along with Mr. Liaw since March 2022 will step down from that role.

The above changes are effective April 1, 2024. Mr. Liaw joined Copart in 2016 as Chief Financial Officer (CFO) and was promoted to President in 2019. Mr. Liaw was named Copart's CEO North America in February of 2021 and Co-CEO in March of 2022.

Prior to joining Copart, Mr. Liaw served as the CFO of FleetPride, Inc. and as a principal of TPG Capital Management, L.P., a private equity firm. He earned a B.A. and B.B.A. from the University of Texas, and an M.B.A. from Harvard.