Thursday, September 23, 2010

Redfin Adds CarMAX CEO To Board, Gets Investment

Seattle-based Redfin said Thursday afternoon that founder and former CarMax CEO, Austin Ligon, has joined the company's board of directors. According to Redfin, the addition of Ligon to the board also includes a "small investment" in the company. Financial terms of the investment were not disclosed. Ligon founded Carmax in 1993. Redfin said the addition of Ligon is "a big vote of confidence" for the firm's business.