Business
America’s Car-Mart Names Doug Campbell CEO & Board Member
ROGERS, Ark., Sept. 05, 2023 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“America’s Car-Mart,” “we” or the “Company”) today announced that
About this update from America's Car-mart, Inc.
[{"type":"text","content":"ROGERS, Ark., Sept. 05, 2023 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“America’s Car-Mart,” “we” or the “Company”) today announced that its board of directors has elected current President Doug Campbell to succeed Jeff Williams as Chief Executive Officer and to serve as a director of the Company, each effective October 1, 2023. Williams will remain with the Company as CEO Emeritus through the end of fiscal year 2024. Williams will also continue his service on the board. The Company also reported its first quarter fiscal 2024 earnings results today. See associated press release America’s Car-Mart Reports First Quarter Fiscal 2024 Earnings. “Since 2018, America’s Car-Mart has grown its customer base 50%, doubled book value per share, increased finance receivables from $500 million to $1.4 billion, and diversified its funding through a successful securitization program. We have also embarked on several investment projects critical to our long-term success and increasing productivity. Importantly, to reach our full potential, we have aggressively recruited key talented executives. Doug is top among these new talents, and I’m very pleased that he will become CEO of America’s Car-Mart. Doug is a great leader and will take our company to the next level,” said Williams. Campbell is excited about capitalizing on the Company’s 42-year history and its strong brand to drive future growth. “I’m thrilled to have such an incredible opportunity to lead America’s Car-Mart as CEO,” said Campbell. “Over the last year I’ve witnessed how dynamic, resourceful, and agile our associates and leaders are. Jeff has led the Company through a challenging environment while kicking off some of the most important initiatives in our Company’s history. I’m thankful for his leadership and ongoing assistance through the transition. I look forward to building upon the momentum Jeff has put in motion, and working with our team on the next chapter of growth and transformation while continuing to give back to the communities we serve.” Board Chair Josh Welch recognized Campbell and Williams for their leadership and the transformational initiatives put in place during the past year. “Doug has learned our business quickly – he appreciates our culture, the importance of our value proposition to any community, has made meaningful improvements to our op...