CarMax elects Peter Bensen and Robert Hombach to its board of directors

CarMax elects Peter Bensen and Robert Hombach to its board of directors

 

RICHMOND, Va., 2018-Feb-07 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today (February 02, 2018) announced that its board of directors has elected Peter Bensen and Robert Hombach to membership on the board effective April 1. Bensen and Hombach will both serve on the Audit Committee.

Bensen, 55, retired from McDonald’s Corporation in 2016 as its chief administrative officer. During his 20-year tenure he held various leadership positions including executive vice president and chief financial officer. Before joining McDonald’s in 1996, Bensen was a senior manager at Ernst & Young LLP.

Hombach, 51, is the retired executive vice president, chief financial officer and chief operations officer of Baxalta, a biopharmaceutical company spun off from its parent, Baxter, in 2015. Hombach began his career at Baxter, a global healthcare company, in 1989 and served in several roles there, including chief financial officer and treasurer.

“We are pleased to welcome Pete and Bob to the CarMax board,” said Bill Nash, chief executive officer of CarMax. “Their considerable executive leadership and operational experience, as well as their deep financial knowledge, will make them both highly valuable additions to our board.”

In addition, two board members have announced plans to retire from the CarMaxboard. Jeff Garten, Dean Emeritus, Yale School of Management, has announced his intention to retire from the board at the company annual meeting on June 26, 2018. Garten has served on the board since 2002. John Standley, chairman and chief executive officer of Rite Aid Corporation, is retiring from the board effective January 29, 2018 due to other business demands. Standley joined the board in 2016.

“I want to thank both Jeff and John for their service to our board,” Nash said. “Both have contributed to CarMax during their tenure, with Jeff serving as one of our original board members.”

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 185 stores in 40 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For nearly 25 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has more than 24,000 associates nationwide and for 13 consecutive years has been named as one of the FORTUNE 100 Best Companies to Work For®. During the 12 months ending February 28, 2017, the company retailed 671,294 used cars and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Contact:
Investors:
Katharine Kenny
Vice President
Investor Relations
(804) 935-4591

Celeste Gunter
Manager
Investor Relations
(804) 935-4597

Media:

pr@carmax.com
(855) 887-2915

Source: CarMax, Inc.

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Staples, Inc. elects Robert E. Sulentic as Independent Chairman of the Board

FRAMINGHAM, Mass., 2017-Jan-25 — /EPR Retail News/ — Staples, Inc. (Nasdaq: SPLS) announced today (Jan. 24, 2017) that the company’s Board of Directors has elected Robert E. Sulentic to serve as Independent Chairman of the Board effective January 29, 2017. Sulentic, President and Chief Executive Officer of CBRE Group, Inc., joined the Staples Board in 2007 and most recently served as Lead Independent Director.

As previously announced, Ron Sargent, the company’s non-executive Chairman will retire from the company’s Board of Directors on January 28, 2017.

In response to a shareholder proposal that received support from a majority of shares voted at the company’s 2016 Annual Meeting, the Board of Directors has unilaterally amended and restated the company’s bylaws to reduce the threshold for shareholders to call a special meeting from 25 percent to 15 percent of Staples outstanding common stock.

“At Staples, we are committed to corporate governance best practices that promote strong board effectiveness and long-term value creation,” said Vijay Vishwanath, Chair of the Nominating and Corporate Governance Committee. “We have a solid track record of responding to shareholder feedback, and today’s announcement further illustrates our commitment to drive increased alignment with our shareholders.”

About Staples, Inc.
Staples helps small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop – in stores, online, via mobile or through social apps. Staples Business Advantage, the business-to-business division, caters to mid-market, commercial and enterprise-sized customers by offering a one-source solution for the products and services they need, combined with best-in-class customer service, competitive pricing and a state-of-the-art ecommerce site. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples (NASDAQ: SPLS) is available at www.staples.com.

Media Contact:
Bill Durling
508-253-2882

Investor Contact:
Chris Powers
508-253-4632

Source: Staples, Inc.