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Jeffrey Liaw

Chief Executive Officer at COPART
Since April 1, 2024
Age
47 years
Education
Earned a B.A. and B.B.A. from the University of Texas in 1999 and an M.B.A. from Harvard University in 2005.
Tenure
Joined Copart, Inc. in 2016 as Chief Financial Officer, later served as President and Co-Chief Executive Officer from April 2022 to April 2024, before being appointed Chief Executive Officer in April 2024.

Also at COPART

AJA
A. Jayson Adair
Executive Chairman
LCS
Leah C. Stearns
Chief Financial Officer

About

Jeffrey Liaw is the Chief Executive Officer of Copart, Inc. (NASDAQ: CPRT) as of April 2024. He began his tenure at the company in 2016 as Chief Financial Officer and subsequently held roles including President and Co-Chief Executive Officer from April 2022 to April 2024, culminating in his appointment as CEO on April 1, 2024.

Before his leadership at Copart, he built his career with significant roles such as Chief Financial Officer at FleetPride, Inc. and as a principal at TPG Capital Management, L.P. These experiences have strengthened his financial expertise and operational management skills.

His academic credentials reflect a strong foundation in business, having earned a B.A. and B.B.A. from the University of Texas in 1999 and an M.B.A. from Harvard University in 2005.

While personal details regarding his life outside of his professional achievements are limited in the documents, his progression through key strategic roles at Copart underscores a significant contribution to the company’s growth and the alignment of executive compensation with long-term shareholder interests.

$CPRT Performance Under Jeffrey Liaw

Past Roles

Organization Role Date Range Details
Copart, Inc. Co-Chief Executive Officer April 2022 – April 2024 Held as a pre-CEO role
Copart, Inc. President and CEO North America February 2021 – April 2022 Held prior to his appointment as CEO
Copart, Inc. President September 2019 – January 2021 Previous leadership role before further promotion
Copart, Inc. Chief Financial Officer September 2016 – October 2020 Served in a financial leadership role before successive roles
FleetPride, Inc. Chief Financial Officer January 2013 – N/A Held prior to joining Copart, Inc.
TPG Capital Management, L.P. Principal August 2005 – December 2012 Role at a private equity firm before his FleetPride tenure

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$900,000Annually
Automobile Allowance$9,000Annually
Employer-Paid 401(k) Contributions$4,600Annually

Performance Compensation

Data from  FY 2024

Operating Income Metric

MetricValueDetails
Threshold Performance$1.215 billion93% payout;
Target Performance$1.715 billion100% payout;
Maximum Performance$2.215 billion107% payout;
Adjustment$75 million per 1% shiftEach $75 million above or below target adjusts payout by 1%;
Actual Performance$1.57 billionResulted in a 99% payout;
Weight60%Portion of overall annual cash incentive;

Personal Performance Goals

MetricValueDetails
GoalsN/AOnboard new senior leadership team; deploy differentiated products;
Achievement100%Fully met as determined by the Compensation Committee;
Weight40%Portion of overall annual cash incentive;

Bonus Payout

MetricValueDetails
Target Bonus$1,100,000As approved in September 2023;
Actual Bonus$1,093,400Based on combined metrics (99% and 100%);

Note: There is no vesting schedule, evaluation period is the fiscal year 2024, and this incentive is cash-based (no grant date or stock price applicable).