Management

Bill Nash , , , President and Chief Executive Officer

Mr. Nash was promoted to president and chief executive officer of CarMax in 2016 and was elected to serve as a director of the board in 2016. He assumed the role of executive vice president, human resources and administrative services in 2012, where he oversaw human resources, information technology, procurement, loss prevention, employee health & safety and construction & facilities. In 2011, Mr. Nash was promoted to senior vice president, human resources and administrative services. Previously, he served as vice president and senior vice president of merchandising, after serving as vice president of auction services. He joined CarMax in 1997 as auction manager. Before joining CarMax, Mr. Nash, a CPA, held a variety of accounting roles at Circuit City.

Tom Reedy , , , EVP, Chief Financial Officer

Mr. Reedy was promoted to executive vice president and chief financial officer in 2012 after serving as vice president and CFO beginning in 2010. He joined CarMax in 2003 as vice president and treasurer. Prior to joining CarMax, he was vice president of corporate development and treasury at Gateway, Inc. Previously, he served as treasurer at GATX Corporation, and held various financial positions at American Airlines.

Cliff Wood , , , EVP, Chief Operating Officer

Mr. Wood was promoted to chief operating officer of CarMax in 2016. He assumed the role of executive vice president, stores in 2012, where he was responsible for all sales, service, merchandising, and business office functions. Previously, he was promoted to senior vice president, stores. Beginning in 2007, he served as vice president of sales after serving in a variety of roles, including vice president of merchandising, purchasing manager, district manager, regional director and director of buyer development. In 1993, he joined CarMax as a buyer in CarMax’s first location. Prior to joining CarMax, he held various positions with Circuit City.

Jim Lyski , , , EVP, Chief Marketing Officer

Mr. Lyski was promoted to executive vice president of product and marketing in 2017 after serving as senior vice president and chief marketing officer beginning in 2014. Prior to joining CarMax, he served as chief marketing officer for The Scotts Miracle-Gro Company from 2011 to 2014. Previously, he held marketing leadership positions at Cigna Healthcare Inc. and FedEx Corporation.

Ed Hill , , , EVP, Strategy and Business Transformation

Mr. Hill was promoted to executive vice president, strategy and business transformation in 2016. Previously, he served as senior vice president, service operations and vice president of service operations, after joining CarMax in 1995 as director. Prior to joining CarMax, he served as vice president of advanced programs at Reveo, Inc., vice president of operations at Hypres, and as a process engineer for Motorola.

Eric Margolin , , , EVP, General Counsel and Corporate Secretary

Mr. Margolin was promoted to executive vice president, general counsel and corporate secretary in 2016. Previously, he served as the senior vice president, general counsel and corporate secretary since joining CarMax in 2007. Prior to joining the company, he was senior vice president, general counsel, and corporate secretary for Advance Auto Parts, Inc. and he previously held the same position at Tire Kingdom, Inc. Prior to this, he served as general counsel for several apparel manufacturing, distribution, and retailing companies.

Diane Cafritz , , , SVP, Chief Human Resources Officer

Ms. Cafritz was promoted to senior vice president, chief human resources officer in 2017, leading all human resources and loss prevention functions. Previously, she served as vice president, deputy general counsel. She joined CarMax’s legal department in 2003 as assistant general counsel. During her tenure, she managed commercial and consumer litigation, was responsible for operational regulatory guidance and led CarMax’s government affairs program. Prior to joining Carmax, she was a partner at McDermott, Will & Emory.

Jon Daniels , , , SVP, CarMax Auto Finance

Mr. Daniels was promoted to senior vice president, CarMax Auto Finance in 2014. He joined CAF in 2008 as vice president, risk and analytics, and has assumed additional responsibilities as the business has grown. He had extensive credit and banking experience from HSBC and Metris prior to joining CarMax.

Shamim Mohammad , , , SVP, Chief Information Officer

Mr. Mohammad was promoted to senior vice president and chief information officer in 2014. He joined CarMax in 2012 as vice president of application development and IT planning. Prior to joining CarMax, he was vice president of IT at BJ’s Wholesale Club and previously served as senior director of IT for Blockbuster.

Steve Allocco , , , VP, Information Technology

Dave Banks , , , VP, Information Technology

Dan Bickett , , , VP, Construction and Facilities

Mike Callahan , , , VP and CFO, CarMax Auto Finance

Craig Cronheim , , , VP, Human Resources and Loss Prevention

Laura Donahue , , , VP, Advertising

Bryan Ennis , , , VP, Product

Greg Fitzharris , , , VP, Deputy General Counsel

Dan Johnston , , , VP, Regional Sales

Katharine Kenny , , , VP, Investor Relations

Sarah Lane , , , VP, Marketing Strategy

Matt Linderman , , , VP, Information Technology

Jill Livesay , , , VP, Controller

Ross Longood , , , VP, Deputy General Counsel

Tom Marcey , , , VP, Regional Merchandising and Logistics

Enrique Mayor-Mora , , , VP and Treasurer

Andy McMonigle , , , VP, Finance

Rob Mitchell , , , VP, Consumer Finance

Douglass Moyers , , , VP, Real Estate

Lynn Mussatt , , , VP, Business Operations and Customer Service

Darren Newberry , , , VP, Regional Sales

Gautam Puranik , , , VP, Marketing Analytics

Julie Reed , , , VP, Procurement and Strategic Sourcing

Scott Rivas , , , VP, Human Resources

Marty Sberna , , , VP, Regional Service Operations

Mac Stuckey , , , VP, Deputy General Counsel

Joe Wilson , , , VP, Auction Services and Merchandising Development

Board of Directors

Thomas J. Folliard , , , Non-Executive Chair of the Board, CarMax, Inc. and Retired President and Chief Executive Officer of CarMax, Inc.

Mr. Folliard joined CarMax in 1993 as the senior buyer and became director of purchasing in 1994. Mr. Folliard was promoted to vice president of merchandising in 1996, senior vice president of store operations in 2000, executive vice president of store operations in 2001, and he served as president and chief executive officer from 2006 to February 2016. He retired as chief executive officer on August 31, 2016 and currently serves as the non-executive chair of the Board. Mr. Folliard serves on the Board of PulteGroup, Inc. and DAVIDsTEA, Inc. He has served as a director of CarMax since 2006.

William R. Tiefel , , , Lead Independent Director, CarMax, Inc., Retired Vice Chairman of Marriott International, Inc. and Chairman Emeritus of The Ritz-Carlton Hotel Company, L.L.C.

Mr. Tiefel retired as vice-chairman of Marriott International, Inc. and the chairman emeritus of The Ritz-Carlton Hotel Company, L.L.C. in 2002. He joined Marriott Corporation in 1961. He was named president of Marriott Hotels and Resorts in 1989, president of Marriott Lodging in 1992, and vice-chairman of Marriott International and chairman of The Ritz-Carlton Hotel Company in 1998. Mr. Tiefel has been a member of the CarMax board of directors since 2002, and he became chairman of the board in June 2007.

Ronald E. Blaylock , , , Founder and Managing Partner, GenNx360 Capital Partners

Mr. Blaylock is the founder and managing partner of GenNx360 Capital Partners, a private-equity buyout fund focused on industrial business-to-business companies. Prior to founding GenNx360 in 2006, Mr. Blaylock was chief executive officer of Blaylock & Company, a full-service investment banking firm that he founded in 1993. Previously, he held senior management positions with PaineWebber and Citigroup. He is a director of Radio One, Inc. and W.R. Berkley Corporation. Mr. Blaylock joined the CarMax board in 2007.

Sona Chawla , , , Chief Operating Officer, Kohl's

Ms. Chawla has been chief operating officer of Kohl’s, a leading omnichannel retailer with more than 1,100 stores in 49 states, since November 2015. Before joining Kohl’s, she served at Walgreens as its president of digital and chief marketing officer from February 2014 to November 2015 and as its president, e-commerce from January 2011 to February 2014. Chawla has 16 years of experience in digital and retail.

Alan B. Colberg , , , President and Chief Executive Officer, Assurant, Inc.

Mr. Colberg has been president, chief executive officer and a director of Assurant, Inc., a provider of diverse insurance products and related services, since January 2015. He joined Assurant as executive vice president of marketing and business development in 2011 and was named president in 2014. Previously, he spent 22 years at Bain & Company Inc., founding Bain's Atlanta Office in 1996 and leading it until 2010. He also served as Bain's global practice leader for financial services.

Rakesh Gangwal , , , Former Chairman, President and Chief Executive Officer, Worldspan Technologies, Inc.; Former President and Chief Executive Officer, US Airways Group

Mr. Gangwal has held several executive roles and directorships at domestic and foreign companies during his more than 25-year career in the travel and technology fields. From 2003 to 2007, he was chairman, president and chief executive officer of Worldspan Technologies, Inc., a provider of travel and information technology services to the travel and transportation industry. From 2002 to 2003, he was involved in various personal business endeavors, including private equity and consulting projects. Mr. Gangwal served as president and chief executive officer of US Airways Group, Inc. and US Airways, Inc. from 1998 to 2001, after a two-year tenure as president and chief operating officer of US Airways Group. In addition, he is a co-founder of IndiGo, India’s largest low-fare airline. He currently serves on the board of directors of Office Depot, Inc. and InterGlobe Aviation Limited (IndiGo). Mr. Gangwal joined the CarMax board in 2011.

Jeffrey E. Garten , , , Dean Emeritus, Yale School of Management

Mr. Garten was the Chairman of Garten Rothkopf, an international consulting firm, from 2005 to 2016. He was the Juan Trippe Professor in the Practice of International Trade, Finance, and Business at the Yale School of Management from 2005 to 2015 and the Dean of the Yale School of Management from 1995 to 2005. He was the United States Undersecretary of Commerce for International Trade from 1993 to 1995 and previously spent 13 years in investment banking with Lehman Brothers and the Blackstone Group. He is a director of Aetna Inc., and certain mutual funds of Credit Suisse Asset Management. He also is a member of the board of overseers of the International Rescue Committee. Mr. Garten joined the CarMax board in 2002.

Shira Goodman , , , President and Chief Executive Officer, Staples, Inc.

Ms. Goodman served as interim chief executive officer of Staples, Inc. from June 2016 until she was named president and chief executive officer of Staples in September 2016. She was also named to the board of directors of Staples on September 2016. She joined Staples in 1992 and has held a variety of positions of increasing responsibility in general management, marketing and human resources, including serving as executive vice president, marketing from 2001 to 2009; executive vice president, human resources from 2009 to 2102; and executive vice president, global growth from 2012 to 2014; president, North American Commercial from 2014 to 2016; and president, North American Operations from February to June 2016. From 1986 to 1992, Ms. Goodman worked at Bain & Company in project design, client relationships and case team management. She joined the CarMax board in 2007.

W. Robert Grafton , , , Retired Managing Partner -- Chief Executive, Andersen Worldwide S.C.

Mr. Grafton retired as managing partner-chief executive of Andersen Worldwide S.C. in 2000. Andersen Worldwide provided global professional auditing and consulting services through its two service entities, Arthur Andersen and Andersen Consulting. He is a retired certified public accountant, and he joined Arthur Andersen in 1963. He was elected a member of the Board of Partners, Andersen Worldwide in 1991 and chairman of the Board of Partners in 1994. He served as managing partner-chief executive from 1997 through 2000. Mr. Grafton joined the CarMax board in 2003.

Edgar H. Grubb , , , Retired Executive Vice President and Chief Financial Officer, Transamerica Corporation

Mr. Grubb retired as executive vice president and chief financial officer of Transamerica Corporation in 1999. He joined Transamerica in 1989 and became chief financial officer in 1993. From 1986 to 1989, he was the senior vice president and chief financial officer of Lucky Stores, Inc. He is director of CSAA Insurance Group, an AAA affiliate providing auto and property coverage to AAA members in 23 states, and he is a member of the board of Auto Club Partners, Inc., an affiliation of seven AAA clubs representing more than 12 million members in the U.S. Mr. Grubb joined the CarMax board in 2007.

William D. Nash , , , President and Chief Executive Officer, CarMax, Inc.

Marcella Shinder , , , Chief Marketing Officer, Work Market Inc.

Ms. Shinder is the chief marketing officer of Work Market Inc., a cloud-based system that empowers businesses to manage their independent contractor and freelance workforce. She was previously the chief marketing officer of Nielsen Holdings plc, a leading global performance management company. Prior to joining Nielsen in 2011, Ms. Shinder spent 18 years with American Express, serving in a variety of executive roles, including head of global marketing, head of brand management and social media, and general manager, small business charge cards, American Express OPEN. She joined the CarMax board in 2015.

John T. Standley , , , Chairman and Chief Executive Officer, Rite Aid Corporation

Mr. Standley is the chairman and chief executive officer of Rite Aid Corporation. He has served as CEO since 2010 and chairman of the board since 2012. Standley was president of Rite Aid from 2008 until 2013 and its chief operating officer from 2008 until 2010. He previously served as CEO and as a director of Pathmark Stores from 2005 to 2007. Standley first joined Rite Aid in December 1999, serving in a variety of roles during his original tenure, including chief financial officer, chief administrative officer and senior executive vice president.

Mitchell D. Steenrod , , , Senior Vice President, Chief Financial Officer, Pilot Travel Centers LLC

Mr. Steenrod has been the senior vice president, chief financial officer of Pilot Travel Centers LLC since 2004. Pilot Travel Centers is the nation’s largest operator of travel centers and truck stops. Mr. Steenrod joined Pilot Travel Centers when it was formed in 2001, as controller and treasurer. He was promoted to his current position in 2004. Previously, he spent 12 years with Marathon Oil Company and Marathon Ashland Petroleum LLC in a variety of positions of increasing responsibility in accounting, general management and marketing. He joined the CarMax board in 2011.

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Contact Information

Katharine Kenny
Vice President, Investor Relations
(804) 935.4591
katharine_kenny@carmax.com

Celeste Gunter
Manager of Investor Relations
(804) 935.4597
celeste_gunter@carmax.com