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Carmax Board Elects New Director

The following excerpt is from the company's SEC filing.

RICHMOND, Va., October 21, 2015 – CarMax, Inc. (NYSE:KMX) today announced that its board of directors has elected Alan B. Colberg to membership on the board, bringing its total board membership to 12. Colberg will serve on the Audit Committee.

Since January 2015, Colberg, 54, has been president, CEO and director of Assurant, Inc., a global provider of specialty protection products and related services. Colberg joined Assurant as executive vice president of marketing and business development in 2011 and was named president in 2014. Previously, he spent 22 years at Bain & Company Inc., founding Bain’s Atlanta Office in 1996 and leading it until 2010. He also served as Bain’s global practice leader for financial services.

Colberg holds a Master of Business Administration from...