Copart, Inc. Announces Appointment of Interim CFO.Business Editors FAIRFIELD, Calif.--(BUSINESS WIRE)--March 4, 2003 Copart, Inc. (Nasdaq:CPRT CPRT Copart Inc. (stock symbol) CPRT Citizens for Personal Rapid Transit CPRT Client Perceived Response Time CPRT Coprocessor Register Transfer CPRT Cancer Prevention Research Trust CPRT Classic Professional Racquetball Tour ) today announced the appointment of Simon Rote rote 1 n. 1. A memorizing process using routine or repetition, often without full attention or comprehension: learn by rote. 2. Mechanical routine. as its Acting Chief Financial Officer, reporting to Willis J. Johnson, Copart's Chief Executive Officer. Mr. Rote will serve as acting CFO See Chief Financial Officer. pending the Company's search for a new chief financial officer to replace Wayne R. Hilty, whose employment with the Company ended effective March 3, 2003. Mr. Hilty's departure from the Company was for personal reasons and was not related to any disagreement concerning the Company's financial reports or financial disclosures. Mr. Hilty had served as the Company's Senior Vice President and Chief Financial Officer since January 1998. Mr. Rote has been with Copart since 1997, serving most recently in the capacity of Controller. Before joining Copart, Mr. Rote worked for KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen in Oakland, California “Oakland” redirects here. For other uses, see Oakland (disambiguation). Oakland (IPA: /ˈoʊklənd/), founded in 1852, is the eighth-largest city in the U.S. . About Copart Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage salvage, in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so. vehicles through auctions, principally to licensed dismantlers, rebuilders and used vehicle dealers. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made. The Company operates 101 facilities in 40 states. It also provides services in other locations through its national network of independent salvage vehicle processors. |
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