Copart, Inc. announced 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, 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 the company's logistics fleet. Prior to his role as COO, Steve was VP of Operations for Copart's Eastern Division.

Dave Kang, Chief Marketing Officer, leads Copart's marketing functions, including marketing analytics, brand, communications, digital, and global member development as well as leading the company's 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, 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, 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.