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AutoZone Board Authorizes Additional $750 Mln Stock Buybacks

AutoZone, Inc. (AZO) said Wednesday that its Board of Directors has authorized the repurchase of an additional $750 million of the company's common stock in connection with its ongoing share repurchase program.

Since the inception of the repurchase program in 1998, and including the above amount, AutoZone's Board of Directors has authorized $13.4 billion.

Additionally, the company said Harry Goldsmith, EVP General Counsel & Secretary, will be retiring in January 2014.

by RTTNews Staff Writer

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