Copart announces leadership transition with Jay Adair returning as CEO on July 31, 2026, replacing Jeff Liaw.
Copart Inc. will see Jay Adair return as CEO on July 31, 2026, following Jeff Liaw’s departure from the role and the board. Adair previously served as CEO and currently holds the position of Executive Chairman.
The transition was announced Monday, with no immediate changes to the company’s operations. Liaw’s exit marks the end of his tenure, though the reasons for his departure were not disclosed.
Shares of CPRT fell 1.98% to $29.95 in response to the announcement.