CarMax Board Elects New Director
August 02 2016 - 4:48PM
Business Wire
CarMax, Inc. (NYSE:KMX) today announced that its board of
directors has elected John T. Standley to membership on the board,
bringing total board membership to 12. Standley will serve on the
Audit Committee.
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CarMax, Inc. today announced that its
board of directors has elected John T. Standley to membership on
the board. (Photo: Business Wire)
Standley is the chairman and chief executive officer of Rite Aid
Corporation. He has served as CEO since 2010 and chairman of the
board since 2012. Standley was president of Rite Aid from 2008
until 2013 and its chief operating officer from 2008 until 2010. He
previously served as CEO and as a director of Pathmark Stores from
2005 to 2007. Standley first joined Rite Aid in December 1999,
serving in a variety of roles during his original tenure, including
chief financial officer, chief administrative officer and senior
executive vice president.
“We are excited to welcome John to the CarMax board,” said Tom
Folliard, chief executive officer of CarMax. “He brings extensive
retail experience not only from his current role as the chairman
and CEO of Rite Aid, but also from his many years in other senior
leadership positions. His executive, operational and finance
knowledge will make him a highly valuable addition to our
board.”
About CarMax
CarMax is the nation’s largest retailer of used cars and
operates more than 160 stores in 37 states nationwide. CarMax
revolutionized the auto industry by delivering the honest,
transparent and high-integrity car buying experience customers want
and deserve. For more than 20 years, CarMax has made car buying
more ethical, fair and stress-free by offering a no-haggle,
no-hassle experience and an incredible selection of vehicles.
CarMax makes selling your car easy too, by offering no-obligation
appraisals good for seven days. At CarMax, we’ll buy your car even
if you don’t buy ours®. CarMax has more than 22,000 associates
nationwide and for 12 consecutive years has been named as one of
the FORTUNE 100 Best Companies to Work For®. During the 12 months
ending February 29, 2016, the company retailed 619,936 used cars
and sold 394,437 wholesale vehicles at its in-store auctions. For
more information, access the CarMax website at www.carmax.com.
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CarMax, Inc.Investors:Katharine Kenny, Vice President, Investor
Relations, (804) 935-4591Celeste Gunter, Manager, Investor
Relations, (804) 935-4597orMedia:pr@carmax.com, (855) 887-2915
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