Dallas-based Copart Inc., a global leader in online vehicle auctions, announced three new members of its senior executive leadership team: Chief Marketing Officer David (Dave) Kang, Chief Product Officer Neel Madhvani, and Chief Operating Officer Hessel Verhage.
In addition, Stephen (Steve) Powers, who has been COO since October 2020, will assume the role of chief business development officer after leading a transition of operational responsibilities to Verage.
The company said all four executives will work in Dallas and will report to Copart co-CEO Jeff Liaw.
“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,” Liaw said in a statement.
Powers 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).
He began his career with Copart more than 40 years ago and most recently was 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.
Before his role as COO, Powers was vice president of operations for Copart’s Eastern Division.
Marketing, product development, and operations
Kang leads Copart’s marketing functions, including marketing analytics, brand, communications, digital, and global member development as well as leading our Cash for Cars business.
The company said he has extensive experience in marketing and data analytics, serving most recently as SVP, data insights and CMO, consumer auto finance at Capital One. Before Capital One he held various leadership positions at McKinsey & Co, supporting clients across the firms travel, transportation and logistics practice.
Madhvani leads Copart’s new product development initiatives, in close partnership with sales, marketing, operations and technology.
Madhvani has extensive product development experience, serving most recently as vice president, product at Chewy and previously in product development, marketing, strategy, and innovation roles at Boxed and Staples.
Verhage leads Copart’s operations across more than 200 locations, optimizing processes and technology to ensure excellent service for Copart’s sellers and members, the company said.
Most recently, he served as an executive at DB Schenker, where he led its global contract logistics operations.
“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,” Liaw said. “They and the exceptional people on their teams will help drive our company forward.”
Global vehicle online auctions
Founded in 1982, Copart’s innovative technology and online auction platform links sellers to more than 750,000 members in over 170 countries.
It offers services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some cases, to end users.
Copart said it sells vehicles on behalf of insurance companies, banks, finance companies, charities, fleet operators, dealers, and individual owners.
It has operations at over 200 locations in 11 countries and has more than 170,000 vehicles available online every day.
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