CRMT - America's Car-Mart Names Doug Campbell CEO & Board Member | Benzinga
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 ...