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Austin Ligon
William Austin Ligon (born ca. 1951) is the co-founder and retired CEO of CarMax. He retired in June 2006, and is now a private angel-stage investor. Among his recent investments are Gazelle, Redfin, Rev.com, Car Trade (India), Eneza Education (Kenya) and Tazza Kitchen.
〔("Austin Ligon Appointed Gazelle Chairman: ''CarMax Co-Founder brings extensive retail experience to Gazelle''" ) Reuters, April 7, 2011. Retrieved February 13, 2014.〕〔("CarMax co-founder Austin Ligon joins Redfin board" ) Puget Sound Business Journal, September 23, 2010. Retrieved February 13, 2014.〕〔("Rev.com freelance market launches with $4.5M funding" ) Silicon Valley Business Journal, March 26, 2013. Retrieved February 13, 2014.〕〔("Used-car market rides the technology wave: ''Though the segment is relatively immune to downturn, the slow pace at which the market adapts to internet use is a challenge to Cartrade.com''" ) Business Standard, January 20, 2014. Retrieved February 13, 2014.〕
==Life and career==
Ligon and Richard Sharp, then CEO of Circuit City, developed the CarMax idea together in 1991 and launched the first CarMax store in Richmond, Virginia, in 1993.〔("Reinventing the Store" ) Business Week, November 27, 1995. Retrieved January 19, 2011〕 Austin became president of CarMax in 1995. He led the company through a decade and a half of rapid growth, including its IPO as a tracking stock of Circuit City in 1997. He added the title of CEO upon the company’s spin off from Circuit City in 2002.〔("Austin Ligon and Carmax" ) Suzanne Ridgway, workingworld.com. Retrieved January 19, 2011〕〔("The CarMax Timeline" ) carmax.com. Retrieved February 13, 2014. Archived (http://web.archive.org/web/20101221213546/http://www.carmax.com/enus/company-info/about-us-timeline.html, December 21, 2010)〕 Ligon came to Circuit City from Marriott Corporation where he had been senior vice president of strategic planning for Marriott Hotels and Resorts. He joined Marriott in 1984 as director of corporate planning, and served as vice president of both marketing and concept general management in the family restaurant division.〔("Austin Ligon" ) spoke.com. Retrieved January 17, 2011.〕
Ligon was previously a senior consultant for the Boston Consulting Group in London, England, from 1980 to 1983 and an independent financial consultant in Bangkok, Thailand during 1983-84. He worked as a health economist in Dallas and San Antonio during 1976-78, and was a Teaching Fellow in economics at the University of Texas at Austin from 1973 to 1976.
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