Copart names Jay Adair as CEO, replacing Jeff Liaw in July 2026

Copart, Inc. (NASDAQ: CPRT) announced that Chief Executive Officer Jeff Liaw will step down from his role and from the board of directors, effective July 31, 2026.

The company's board has appointed Executive Chairman Jay Adair to resume the position of CEO on the same date. Adair previously served as Copart's CEO before moving to the executive chairman role. Liaw will remain with the company as Special Advisor to Adair to assist with the transition.

Liaw has held several senior roles at Copart over the past decade, including Chief Financial Officer and President before becoming CEO.

Adair said in a statement: "Jeff has provided Copart with extraordinary leadership over the past decade — first as CFO, then President, and finally as our third-ever CEO."

Liaw said: "Leading Copart has been the privilege of a professional lifetime. I wish Copart and Jay the very best in the next chapter ahead and look forward to contributing to the Company's future success."

Copart, founded in 1982, operates online vehicle auctions across more than 250 locations in 11 countries and reported selling more than 4 million units in the past year.

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