Enter multiple symbols separated by commas

AutoZone Names New Chairman, Announce Share Buyback

AutoZone, the largest U.S. auto parts retail chain, said its board has elected William Rhodes as its new chairman and authorized the repurchase of an additional $500 million of the company's shares.

Rhodes, who is now chairman, president and chief executive of the company, replaces J.R. Hyde as AutoZone's chairman.

Hyde will remain a member of the board, the company said in a statement, late Wednesday.

The Memphis, Tenn. retailer said its ongoing share repurchase program now totals $5.9 billion.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video