Carmax Inc (KMX.N)
Latest Key Developments (Source: Significant Developments)
Dec 21 (Reuters) - Carmax Inc
Nov 28 (Reuters) - CarMax Inc
Carmax Inc: Thomas Folliard, CEO informed the company's board of directors that he would retire as CEO effective August 31, 2016 . Carmax Inc says following Thomas's retirement, it is anticipated that company’s president, William D. Nash, will assume the role of CEO - SEC Filing . Executive chairman of the board .On June 28, 2016 the board approved a $750 million expansion of the company’s share repurchase program. Full Article
Carmax Inc:Announced that, as the culmination of a multi-year management succession plan, Bill Nash has been promoted to president and Cliff Wood has been promoted to chief operating officer, effective February 1, 2016.Tom Folliard plans to retire as chief executive officer prior to the end of 2016, at which time it is anticipated that Nash will assume the role of CEO. Full Article
BERLIN German used-car dealing platform Auto1 said a 460 million euro (£406 million) financial infusion from Japan's Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans.