CarMax Names CEO

Thomas Folliard gets a promotion.
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, the Richmond, Va.-based used car retailer, named Thomas J. Folliard CEO.

Folliard was serving as executive vice president-store operations of the company since 2001.

Folliard will assume his new responsibilities on June 21 replacing Austin Ligon, who will retire, the company said.

This story was created through a joint venture between and IRIS.