Former retail industry executive Austin Ligon was named to the newly created position of non-executive chairman of the board at Gazelle where he will play a more active role in development of the company’s consumer electronics re-commerce business.
Ligon is the former Circuit City executive who co-founded CarMax in the early 1990s and built the company into the nation’s largest retailer of used vehicles before retiring in 2006. He joined the board of Gazelle in 2007 as the notion re-commerce began to take hold. Gazelle provides a fast and easy way for consumers to receive cash for electronic devices, according to the company.
“Gazelle is an exciting company at the forefront of a nascent industry that is already attracting the attention and investment of some of the world’s leading retailers,” said Ligon. “I have been impressed by the breadth and depth of experience of Gazelle’s board and executive team and look forward to extending my role at Gazelle to further accelerate the company’s growth and emergence as a driving force in the retail industry.”
Gazelle co-founder and CEO Israel Ganot said Ligon’s new role will enable the company to further leverage his contacts as he take a more active role in the development of the company’s business strategy.
“I look forward to working closely with Austin to drive the concept of re-commerce further into the retail industry and consumer mindset,” Ganot said.
Based in Boston, Gazelle is backed by venture capital firms Physic Ventures, Venrock Associates and RockPort Capital Partners and bills itself as the nation’s largest provider of consumer electronics re-commerce service.