Austin Ligon '80 Former President & CEO
CarMax, Inc.

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Austin Ligon is the former president and chief executive officer of CarMax, Inc., the nation’s leading used-car specialty retailer. CarMax, Inc. was separated from Circuit City Stores, Inc. on October 1, 2002, and is traded on the New York Stock Exchange.

Mr. Ligon joined Circuit City Stores in 1990 and was named senior vice president of corporate planning in 1991. Along with the former chairman of Circuit City and current CarMax Chairman, Richard Sharp, Mr. Ligon was the co-developer of the CarMax concept and has been integrally involved in the leadership and development of the business since its inception. He was named president of CarMax in 1995.

Mr. Ligon joined Circuit City from Marriott Corporation, where he was senior vice president of strategic planning for Marriott Hotels and Resorts. He joined that company in 1984 as director of corporate planning and business development, and served as vice president of marketing and as vice president and general manager of the Allie’s Restaurant division.

Mr. Ligon was a senior consultant for the Boston Consulting Group in London, England, from 1980 to 1983, and an independent financial consultant to several international companies in Bangkok, Thailand, from 1983 to 1984.

Mr. Ligon earned his BA in economics and politics and his MA in economics from the University of Texas. He subsequently earned an MBA from the Yale School of Management. Mr. Ligon is married to Samornmitr Lamsam; they have three children.