RICHMOND, Va.--(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.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20160802006981/en/
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160802006981/en/
Source: CarMax, Inc.