Copart Inc., the parent company of National Powersport Auctions, has promoted Jeff Liaw to president, effective Sept. 3, the company has announced.
Liaw served as Copart’s vice president and chief financial officer since 2016. He will will report to Chief Executive Jay Adair and will continue his CFO duties until a replacement is named.
Before joining Copart, Liaw served as CFO of FleetPride, a company that distributes truck and trailer parts nationwide. Liaw was also principal of private equity firm TPG Capital Management.
Liaw’s promotion is a part of a reorganization of the executive management team. Executive Vice President Will Franklin will become the senior advisor to Adair. In the role, Franklin will advise Adair on matters such as expansion initiatives and business development.
Dallas-based Copart is a provider of online vehicle auction and remarketing services with 200 locations in 11 countries. The company also offers services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders and exporters.