Chairman Rush Enterprises, Inc. – San Antonio, TX
Marvin Rush was born in Houston, Texas on October 10, 1938 to Maurice and Gladys Rush. At the age of 10, he embarked upon his first “enterprise.” With a $50 bank loan, he put a Coca-Cola vending machine in his father’s bus station. From that time until he graduated from Houston’s Reagan High School in 1957, he refined his business talents by working for his father and establishing several businesses on his own. After graduation, he set personal goals which included: become a General Motors dealer, own a bank, take a company public, and achieve over $1 billion in annual sales. In 1965, Marvin founded Rush Enterprises, Inc. with his first GM Truck store; soon after, he added his first Peterbilt franchise. He served as President from its inception until November 1995 when he took the role of Chairman of the Board and Chief Executive Officer. In 2006, his son Rusty succeeded him as CEO, but Marvin continues to serve as Chairman of the Board today. Rush Enterprises, Inc. owns and operates the largest North American network of truck dealerships and a network of bus centers in Texas and an equipment center in Houston. All provide an integrated one-stop source for its customer’s needs including retail sales of industry leading truck, bus and equipment brands, sales of used truck and equipment, and parts, service, body shop operations, chrome accessories and tires. In addition, Rush offers a wide array of financial services, including financing and insurance, leasing and rental. The company’s truck and equipment centers are strategically located in high truck traffic areas on or near major highways in eleven states. In June 1996, Rush Enterprises, Inc. was the first auto or truck dealer organization in the United States to complete a successful IPO. The corporation is traded on NASDAQ under the symbols RUSHA and RUSHB. In 1993, Marvin purchased his first bank and his investment success continues, as he currently serves on the Board of TexStar National Bank in San Antonio, Texas.