Management ChangeJun 29, 2026, 09:17 AM
Copart Announces CEO Transition; Jay Adair Replaces Jeffrey Liaw
AI Summary
Copart, Inc. announced that its Executive Chairman, A. Jayson Adair, will assume the role of Chief Executive Officer and principal executive officer, effective July 31, 2026. He will succeed Jeffrey Liaw, who will step down from his CEO role and resign from the Board on the same date. Mr. Liaw will transition to a Senior Advisor role until July 31, 2027, and will receive a $450,000 lump sum payment, an additional $200,000 during his advisory period, and various equity benefits.
Key Highlights
- A. Jayson Adair appointed CEO of Copart, effective July 31, 2026.
- Jeffrey Liaw to step down as CEO and resign from the Board on July 31, 2026.
- Liaw will serve as Senior Advisor to the Company until July 31, 2027.
- Liaw to receive a $450,000 lump sum payment.
- Liaw to receive $200,000 during the transition period.
- Equity award benefits for Liaw include waived holding periods and eliminated price hurdles.
- Liaw to receive his fiscal 2026 bonus and 20 hours of private aircraft usage.
Price Impact
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