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Posted 05 September, 2023

AMERICAS CARMART INC appointed new CEO

CEO Change detected for ticker Nasdaq:CRMT in a 8-K filed on 05 September, 2023.


  On August 29, 2023, the Board of Directors of the Company (the "Board") approved the promotion of the Company's current President, Douglas W. Campbell, to Chief Executive Officer ("CEO") of the Company effective October 1, 2023. Mr. Campbell will continue to serve as President of the Company upon his appointment as CEO.  

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Overview of AMERICAS CARMART INC
Retail/Wholesale • Specialty Retail
America's Car-Mart, Inc. engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. It operates dealerships in the South-Central United States. The company was founded by Bill Fleeman in 1981 and is headquartered in Rogers, AR.
Market Cap
$410M
View Company Details
AMERICAS CARMART INC by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On August 29, 2023, the Board of Directors of the Company (the "Board") approved the promotion of the Company's current President, Douglas W. Campbell, to Chief Executive Officer ("CEO") of the Company effective October 1, 2023. Mr. Campbell will continue to serve as President of the Company upon his appointment as CEO.

Mr. Campbell, age 47, has served as President of the Company since October 2022. Prior to joining the Company, Mr. Campbell was Senior Vice President, Head of Fleet Services for the Americas, at Avis Budget Group ("Avis") since June 2022 and previously served as Head of Fleet Services for the Americas since June 2021 and Vice President, Remarketing for the Americas, from March 2018 to June 2021. Prior to joining Avis, Mr. Campbell held management positions at AutoNation from September 2014 to March 2018 serving as Used Vehicle Director, Eastern Region, in AutoNation's corporate office and later as General Manager of its Honda Dulles dealership. Preceding AutoNation, Mr. Campbell served fifteen years with Coral Springs Auto Mall, most recently serving as Executive General Manager.

Upon Mr. Campbell's promotion to CEO, the Company's current CEO, Jeffrey A. Williams, will serve as CEO Emeritus and an advisor to senior management effective October 1, 2023, for the remainder of fiscal year 2024. Mr. Williams will continue to serve as a director of the Company.

In accordance with the Amended and Restated Bylaws of the Company, on August 29, 2023, the Board also approved increasing the number of directors serving on the Board to eight directors and appointed Mr. Campbell to serve as a director effective October 1, 2023.