Copart, Inc. announced a CEO transition where Executive Chairman A. Jayson Adair will succeed Jeffrey Liaw as Chief Executive Officer and principal executive officer, effective July 31, 2026. Jeffrey Liaw will step down from the CEO role and the Board, transitioning to a Senior Advisor role until July 31, 2027. The transition agreement includes a lump sum payment of $450,000 and additional compensation components including a $200,000 payment during the transition period and potential further payments upon successful completion of the term. Copart, Inc. operates in the automotive salvage and recycling industry.
