Two Board Members Announce Departures
RICHMOND, Va.--(BUSINESS WIRE)--
CarMax, Inc. (NYSE:KMX) today announced that its board of directors has
elected Peter Bensen and Robert Hombach to membership on the board
effective April 1. Bensen and Hombach will both serve on the Audit
Committee.
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CarMax, Inc. today announced that its board of directors has elected Peter Bensen to membership on the board. (Photo: Business Wire)
CarMax, Inc. today announced that its board of directors has elected Robert Hombach to membership on the board. (Photo: Business Wire)
Bensen, 55, retired from McDonald’s Corporation in 2016 as its chief
administrative officer. During his 20-year tenure he held various
leadership positions including executive vice president and chief
financial officer. Before joining McDonald’s in 1996, Bensen was a
senior manager at Ernst & Young LLP.
Hombach, 51, is the retired executive vice president, chief financial
officer and chief operations officer of Baxalta, a biopharmaceutical
company spun off from its parent, Baxter, in 2015. Hombach began his
career at Baxter, a global healthcare company, in 1989 and served in
several roles there, including chief financial officer and treasurer.
“We are pleased to welcome Pete and Bob to the CarMax board,” said Bill
Nash, chief executive officer of CarMax. “Their considerable executive
leadership and operational experience, as well as their deep financial
knowledge, will make them both highly valuable additions to our board.”
In addition, two board members have announced plans to retire from the
CarMax board. Jeff Garten, Dean Emeritus, Yale School of Management, has
announced his intention to retire from the board at the company annual
meeting on June 26, 2018. Garten has served on the board since 2002.
John Standley, chairman and chief executive officer of Rite Aid
Corporation, is retiring from the board effective January 29, 2018 due
to other business demands. Standley joined the board in 2016.
“I want to thank both Jeff and John for their service to our board,”
Nash said. “Both have contributed to CarMax during their tenure, with
Jeff serving as one of our original board members.”
About CarMax
CarMax is the nation’s largest retailer of used cars and operates more
than 185 stores in 40 states nationwide. CarMax revolutionized the auto
industry by delivering the honest, transparent and high-integrity car
buying experience customers want and deserve. For nearly 25 years,
CarMax has made car buying more ethical, fair and stress-free by
offering a no-haggle, no-hassle experience and an incredible selection
of vehicles. CarMax makes selling your car easy too, by offering
no-obligation appraisals good for seven days. At CarMax, we’ll buy your
car even if you don’t buy ours®. CarMax has more than 24,000 associates
nationwide and for 13 consecutive years has been named as one of the
FORTUNE 100 Best Companies to Work For®. During the 12 months ending
February 28, 2017, the company retailed 671,294 used cars and sold
391,686 wholesale vehicles at its in-store auctions. For more
information, access the CarMax website at www.carmax.com.
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Source: CarMax, Inc.