CarMax Appoints Senior Vice President and General Counsel
RICHMOND, Va., Oct. 25, 2007 -- CarMax, Inc., , the nation's largest retailer of used cars, today announced the appointment of Eric Margolin as senior vice president, general counsel and corporate secretary. Margolin will begin employment at CarMax on November 26, 2007.
Margolin, 54, will be responsible for directing and managing the company's legal activities, serving as chief legal advisor to senior management, and ensuring corporate governance and regulatory compliance. Margolin will be a member of the company's senior executive team.
"We are extremely pleased to have Eric join CarMax. His vast experience providing senior level legal counsel in the retail industry will prove to be a tremendous asset as CarMax continues to grow," said Tom Folliard, CarMax president and chief executive officer.
Margolin comes to CarMax from Advance Auto Parts, Inc. where he served as senior vice president, general counsel and corporate secretary since 2001. As part of the company's executive committee, Margolin managed all legal, secretarial, governance, compliance, litigation and government affairs for the Fortune 500 retailer. From 1993 to 2000, Margolin served as vice president, general counsel and corporate secretary for Tire Kingdom, Inc. Prior to Tire Kingdom, Margolin was the general counsel for several apparel manufacturing, distribution and retailing companies.
Margolin received his B.A. in political science from the State University of New York at Buffalo and his J.D. from the Georgetown University Law Center.
About CarMax
CarMax, a Fortune 500 company and one of the Fortune 2007 "100 Best Companies to Work For," is the nation's largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 84 used car superstores in 38 markets. The CarMax consumer offer is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and customer-friendly service. During the twelve months ended February 28, 2007, the company retailed 337,021 used vehicles and sold 208,959 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at http://www.carmax.com/.
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