Austin Ligon, born in 1954, is known for his pivotal role as the CEO of CarMax, a leading used car retailer, from 2000 until 2006. Under his leadership, CarMax grew significantly, establishing itself as a major brand in the auto...
Austin Ligon, born in 1954, is known for his pivotal role as the CEO of CarMax, a leading used car retailer, from 2000 until 2006. Under his leadership, CarMax grew significantly, establishing itself as a major brand in the auto retail sector. Before retiring, he informed the board of his decision to step down, highlighting that it was based on personal reasons rather than conflicts. His compensation at CarMax included a notable total of $1,080,619 in 2005 and $870,617 in 2006, covering his salary, bonuses, and other benefits, which were tied to the company's performance metrics. Ligon transitioned CarMax to focus on financial success, emphasizing pretax earnings in bonus calculations. His tenure is commemorated by his successful strategy in navigating the company's growth during a key period in its history, reflecting his expertise in the business field.