RICHMOND, Va.--(BUSINESS WIRE)--
CarMax, Inc. (NYSE:KMX) today announced that its board of directors has
elected Alan B. Colberg to membership on the board, bringing its total
board membership to 12. Colberg will serve on the Audit Committee.
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CarMax Board Elects Alan B. Colberg As New Director (Photo: Business Wire)
Since January 2015, Colberg, 54, has been president, CEO and director of
Assurant, Inc., a global provider of specialty protection products and
related services. Colberg joined Assurant as executive vice president of
marketing and business development in 2011 and was named president in
2014. Previously, he spent 22 years at Bain & Company Inc., founding
Bain’s Atlanta Office in 1996 and leading it until 2010. He also served
as Bain’s global practice leader for financial services.
Colberg holds a Master of Business Administration from Harvard Business
School and a Bachelor of Science in accounting and finance from the
Wharton School at the University of Pennsylvania.
“It’s a pleasure for us to welcome Alan to the CarMax board,” said Tom
Folliard, president and chief executive officer of CarMax. “He brings a
wide breadth of business experience not only from his current role as
the president and CEO of Assurant, but also from his many years
consulting with Bain clients globally. He offers a depth of finance and
marketing knowledge that will make him a highly valuable addition to our
board of directors.”
About CarMax
CarMax, a member of the FORTUNE 500 and the S&P 500,
and one of the FORTUNE “100 Best Companies to Work For”
for 11 consecutive years, is the nation’s largest retailer of used
vehicles. Headquartered in Richmond, Va., CarMax currently operates 153
used car stores in 76 markets. The CarMax consumer offer features low,
no-haggle prices, a broad selection of CarMax Quality Certified used
vehicles and superior customer service. During the fiscal year ended
February 28, 2015, the company retailed 582,282 used cars and sold
376,186 wholesale vehicles at our in-store auctions. For more
information, access the CarMax website at www.carmax.com.
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Source: CarMax, Inc.