- Push-out Score determined
- After less than two years in the position
- Praise, thanks and good wishes for North
- Search for a successor
(exechange) — Dallas, Texas, July 19, 2022 — John North, finance chief of Copart, leaves. As announced by Copart Inc. in a news release and in a regulatory filing published on Tuesday, July 19, 2022, John North leaves his post as chief financial officer at the specialist in online vehicle auctions, after less than two years in the role, effective August 31, 2022.
Copart will undertake a search for a successor.
Career change
John North’s departure from the CFO post is explained as follows. Copart said: “John North, the company’s Senior Vice President and Chief Financial Officer (CFO) resigned from his position effective August 31, 2022, to assume the role of Chief Executive Officer of Lazydays Holdings, Inc., an operator of recreational vehicle dealerships based in Tampa, Florida.”
North will be CEO at Lazydays
“Lazydays Holdings Inc. (NasdaqCM: LAZY), has appointed John North as Chief Executive Officer and a member of the Board of Directors, effective September 6, 2022,” Lazydays Holdings Inc. said.
Lazydays Holdings Inc. announced the move on Tuesday, July 19, 2022.
Lazydays is an operator of recreational vehicle dealerships.
“Resign”
Copart said: “On July 14, 2022, John North notified Copart, Inc. (the “Company”) of his intention to resign as Senior Vice President and Chief Financial Officer, effective on August 31, 2022.”
Share price increase since October 2020
The announcement follows an increase in Copart Inc.’s share price of 8% since October 2020. October 2020 is the month in which North’s tenure as CFO began.
In the position of CFO since 2020
John North became CFO of the Company in 2020.
John North has served as the Company’s senior vice president and chief financial officer since October 5, 2020.
North has served as the chief financial officer of Avis Budget Group, Inc., a publicly traded company and global leader in car and truck rental and on-demand car sharing, from March 2019 to August 2020.
Prior to joining Avis Budget Group, Inc., North served for 17 years in a variety of leadership roles with Lithia Motors, Inc., a publicly traded auto retailer, including as chief financial officer from January 2017 to March 2019, and before that, as chief accounting officer from January 2016 to December 2016.
North earned his B.S. in Finance from Santa Clara University in 1998.
He is a Certified Public Accountant and a CFA Charterholder.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding John North’s move on a scale of 0 to 10.
exechange reached out to Copart and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 30.2022 ($).