DALLAS, Jan. 15,
2024 /PRNewswire/ -- Copart, Inc. (NASDAQ:CPRT) is
pleased to announce the appointment of three new members to its
senior executive leadership team: Chief Marketing Officer (CMO)
David (Dave) Kang, Chief Product
Officer (CPO) Neel Madhvani, and Chief Operating Officer (COO)
Hessel Verhage. Stephen (Steve) Powers, who has served as COO
since October 2020, has assumed the
role of Chief Business Development Officer (CBDO). All four
executives will work from Copart's global headquarters in
Dallas, Texas and will report to
Copart Co-CEO Jeff Liaw.
Steve Powers, Chief Business
Development Officer
Steve leads Copart's real estate acquisition and facility
development teams, as well as initiatives to drive growth across
Copart's complementary lines of business, including Purple Wave and
National Powersport Auctions (NPA).
Steve began his career with Copart over 40 years ago, most recently
serving as the company's COO, a role in which he led major
initiatives such as real estate acquisition and development,
catastrophic event response and the development of our logistics
fleet. Prior to his role as COO, Steve was VP of Operations for
Copart's Eastern Division.
Dave Kang, Chief Marketing
Officer
Dave leads Copart's marketing functions, including
marketing analytics, brand, communications, digital, and global
member development as well as leading our Cash for Cars
business.
Dave has extensive experience across marketing and data analytics,
serving most recently as SVP, Data Insights and CMO, Consumer Auto
Finance at Capital One. Prior to Capital One he held various
leadership positions at McKinsey & Co, supporting clients
across the firms Travel, Transportation and Logistics practice.
Dave holds an MBA from Harvard Business
School and a bachelor's degree in economics and statistics
from Harvard University.
Neel Madhvani, Chief Product Officer
Neel leads Copart's new product development initiatives, in
close partnership with sales, marketing, operations and
technology.
Neel has extensive product development experience, serving most
recently as VP, Product at Chewy and previously in product
development, marketing, strategy, and innovation roles at Boxed and
Staples. Neel holds an MBA and an MS in Information Systems
from the Questrom School of Business at Boston
University and a bachelor's degree in writing from
Johns Hopkins University.
Hessel Verhage, Chief
Operating Officer
Hessel leads Copart's operations across more than 200 locations,
optimizing processes and technology to ensure excellent service for
Copart's sellers and members.
Hessel brings extensive operational leadership experience to
Copart. Most recently, he served as an executive at DB Schenker,
where he led their global contract logistics operations. Hessel is
a veteran of the US Army and holds a bachelor's degree in economics
from East Carolina University.
Copart's Co-CEO Jeff Liaw said: "I'm
delighted to appoint these four exceptional leaders to their new
positions. Steve Powers is a
respected leader and has served Copart and its predecessor
companies for more than 40 years. He brings invaluable knowledge,
experience, and relationships to drive our continued growth."
He added: "I'm also excited about appointing Dave, Neel and
Hessel to their new roles. Dave brings extensive experience in
marketing and auto finance; Neel brings relevant experience to
develop our Product capabilities; and Hessel brings substantial
operational leadership experience to our team. They and the
exceptional people on their teams will help drive our company
forward."
About Copart
Copart, Inc., founded in 1982, is a global leader in online
vehicle auctions. Copart's innovative technology and online auction
platform links sellers to more than 750,000 Members in over 170
countries. The company offers services to process and
sell salvage and clean title vehicles to
dealers, dismantlers, rebuilders, exporters and, in some cases, to
end users. Copart sells vehicles on behalf of insurance companies,
banks, finance companies, charities, fleet operators, dealers,
and individual owners. With operations at over 200 locations
in 11 countries, Copart has more than 170,000 vehicles available
online every day. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), the
Republic of Ireland (Copart.ie),
Brazil (Copart.com.br),
Germany (Copart.de), Finland (Copart.fi), the United Arab Emirates, Oman and Bahrain (Copartmea.com), and Spain (Copart.es). For more information, or to
become a Member, visit Copart.com/register.
Cautionary Note About Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of federal securities laws, and these forward-looking
statements are subject to substantial risks and uncertainties.
These forward-looking statements are subject to certain risks,
trends and uncertainties that could cause actual results to differ
materially from those projected or implied by our statements and
comments. For a more complete discussion of the risks that could
affect our business, please review the "Management's Discussion and
Analysis" and the other risks identified in Copart's latest Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current
Reports on Form 8-K, as filed with the Securities and Exchange
Commission. We encourage investors to review these disclosures
carefully. We do not undertake to update any forward-looking
statement that may be made from time to time on our behalf.
Contact: Fatima Ali,
Communications@copart.com
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SOURCE Copart, Inc.