Company Managers Participate in Training While Volunteering
RICHMOND, Va. (July 24, 2012)-CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, is kicking off a creative leadership initiative called The Summit Program that will incorporate training focused on developing successful leaders, as well as valuable partnerships with Richmond area nonprofit organizations. New managers at all CarMax locations will participate in the program.
The twelve-week training includes lessons focused on developing the qualities of successful leaders. The final week of the program, known as The Summit Experience, will be hosted at the Goochland-based CarMax Home Office and at Richmond area nonprofit organizations, allowing associates to demonstrate their leadership skills in several activities.
Managers will build bikes through Richmond Cycling Corps, a nonprofit that is committed to changing the lives of children in public housing projects through cycling. This partnership reflects the importance of wellness and accountability, which are both important in the CarMax culture. The CarMax Foundation granted $25,000 to Richmond Cycling Corps in support of its program.
“Weaving the values of The CarMax Foundation into a new leadership development program is such an extraordinary opportunity,” said Lynn Mussatt, president of The CarMax Foundation and vice president of business operations. “Those participating in The Summit Program will impact and inspire the lives of local children while developing the qualities to successfully lead their CarMax teams.”
CarMax managers involved in The Summit Experience will also volunteer in team-building activities with local children through the YMCA of Greater Richmond and Communities in Schools of Richmond. Each of the volunteer activities will reinforce concepts like respect, communication and teamwork, which are emphasized during The Summit Program training.
About CarMax
CarMax, a member of the FORTUNE 500 and the S&P 500, and one of the FORTUNE 2012 “100 Best Companies to Work For,” is the nation’s largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 112 used car superstores in 56 markets. The CarMax consumer offer is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and customer-friendly service. During the twelve months ended February 29, 2012, the company retailed 408,080 used cars and sold 316,649 wholesale vehicles at our in-store auctions. For more information, access the CarMax website at www.carmax.com
Media Contacts
Michelle Ellwood, CarMax Public Affairs, 804-747-0422, ext. 4139, Twitter: @CarMaxCares
Elia Imler, CarMax Public Relations, 804-747-0422, ext. 4029, Twitter: @CarMax