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Mr. Folliard joined CarMax in 1993 as the senior buyer and became the director of purchasing in 1994. Mr. Folliard was promoted to vice president of merchandising in 1996; senior vice president of store operations in 2000; executive vice president, store operations in 2001; and president and chief executive officer in 2006. He was responsible for the design and development of the unique CarMax purchasing process, the buyer training program, and the in-store wholesale auction system. He also played a key role in development of the entire CarMax store operating process. Mr. Folliard’s prior experience was with Jim Rathman Chevrolet/Cadillac in Melbourne, Florida, in auto wholesaling from 1989 to 1993 where he was a member of one of the largest wholesale buying groups in the U.S. Mr. Folliard has served as a director of CarMax since 2006. | 