Tom Folliard, the chief executive of Car Max Inc., one of Richmond’s most successful companies, is resigning, it was announced today.
He had been the used car chain’s president and CEO since and will remain as board chairman.
Folliard, 51, will be replaced by Bill Nash, executive vice president, human resources and administrative services. Cliff Wood, executive vice president of stores, will become chief operating officer in the shift.
CarMax developed a successful strategy of no-haggle car trading and carrying a large inventory. It grew to having stores in more than locations in the U.S. after being spun off from Circuit City.
Folliard told Style Weekly in that “I took the job because they have benefits – and a gym” when he joined as a car buyer in
The firm has repeatedly won accolades for treating its employees well by Fortune magazine.
$ Million
Estimate Recalculated Nov 1, AM EST
Who is Thomas J Folliard?
Thomas J Folliard has an estimated net worth of $ Million. This is based on reported shares across multiple companies, which include PULTEGROUP INC/MI/, and CARMAX INC.
SEC CIK
Thomas J Folliard's CIK is
Past Insider Trading and Trends
was Thomas J Folliard's most active year for acquiring shares with 11 total transactions. Thomas J Folliard's most active month to acquire stocks was the month of March. was Thomas J Folliard's most active year for disposing of shares, totalling 15 transactions. Thomas J Folliard's most active month to dispose stocks was the month of March. saw Thomas J Folliard paying a total of $21,, for , shares, this is the most they've acquired in one year. In Thomas J Folliard cashed out on , shares for a total of $25,,, their largest year based on trade value.
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THE POWER LIST
Our annual ranking of who runs this town.
Key to Symbols:
Movement up in ranking.
Movement down in ranking.
Same rank as last year.
New to this list.
1. Eugene Trani
Yes, it&#;s frozen down there. Solid. But don&#;t say we didn&#;t warn you. Our annual ranking of power isn&#;t a popularity contest. It&#;s a measure of resources and who controls them. Of a person&#;s ability, capacity and will to foster change locally.
Success at generating headlines is one way to gauge power in this town, which, if you haven&#;t caught on, has been the sole property lately of one Eugene P. Trani.
Well, someone else is good at generating press, too &#; Mayor L. Douglas Wilder, who held our No. 1 spot for two years running. But he&#;s just not making sense anymore. There are too many aimless fights and ridiculous proclamations. (Does the city charter really give him the authority to hire and fire City Council staffers? No. If it did, the Silver Fox should be petitioning the General Assembly to change it so he couldn&#;t. C&#;mon, the guy teaches university-level government classes.)
Are we punishing Wilder by elevating his only boss? Perhaps. But guess who
1 of 14
Sales consultant Christopher Northington (left) helps Robert and Elizabeth Hull of Richmond buy a vehicle at CarMax in western Henrico County.
Auto technician Rick Wells Sr. (left) talks with CarMax President and CEO William “Bill” Nash, who envisions CarMax becoming an iconic brand even though competitors want to drive away with some of their customers.
CarMax opened its first store in on West Broad Street in western Henrico County.
Laura Donahue, CarMax vice president of marketing services, and Scott Rivas, CarMax vice President of human resources, sit on a parked car at CarMax auto store in Henrico on Monday, August 27, They both have been working at CarMax fro 25 years.
Richard L. Sharp, the former Circuit City CEO, was the mastermind behind CarMax. He died in
CarMax store on Midlothian Turnpike in Chesterfield County. Richard L. Sharp was then chairman of CarMax, left, and Austin Ligon was then the chain’s CEO, left.
Richard L. Sharp (left) founder of CarMax calls attention to Robert S. "Bobby" Ukrop at a ceremony dedicating the first CarMax building to Sharp a year before he died. Ukrop was th
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