Recognized for career accomplishments, including CarMax’s innovation and digital transformation efforts
RICHMOND, VA,
Aug. 08, 2024 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), announces EVP and Chief Information and Technology
Officer, Shamim Mohammad, was inducted into the prestigious CIO Hall of Fame during the 2024 CIO 100 Symposium in
Colorado Springs, Colorado, on August 7. As one of 12 inductees, Shamim joins an elite group of CIOs who have
significantly contributed to and profoundly influenced the technology profession while advancing the CIO role. The CIO
Hall of Fame and the CIO 100 Symposium are organized and managed by CIO.com, the leading
resource and publication for CIOs globally.
“This is an incredible honor, and I am truly humbled to be inducted into the CIO Hall of Fame. This recognition
wouldn’t be possible without the excellence and dedication of the entire CarMax Technology team and the many
professionals I’ve been fortunate to work with in my career. At CarMax, our entrepreneurial teams drive innovation to
continually enhance the associate and customer experience and drive our competitive advantage. Technology has truly
transformed our company, and I am excited for CarMax’s future as we continue to harness new technologies.”
With a technology career spanning over three decades, Shamim is recognized for his strategic leadership, visionary
thinking, and groundbreaking innovation. He has served in senior leadership roles in both successful startups and
Fortune 500 companies. Shamim was promoted to CIO in 2014 and was instrumental in CarMax’s digital transformation to
an industry-leading omnichannel retailer, offering a personalized, convenient, and digital experience for customers to
buy cars on their terms – online, in-store, or a seamless integration of both. He also helped transform CarMax’s
technology and product functions from a project-centric approach to a product-oriented, nimble, digital organization,
enabling CarMax to innovate at scale.
CarMax CEO Bill Nash said, “Shamim’s tireless commitment to innovation has positioned the company as a trailblazer in
the ever-changing digital landscape. He is known for cultivating a high-performing, entrepreneurial team and growing
talent by fostering a culture of learning and innovation. Shamim is truly a transformative leader.”
In 2023, CarMax was recognized as a CIO 100 award winner for pioneering the adoption of generative AI to drive
substantial business results and innovation. In 2021, Forbes featured Mohammad as one of the top 50 CIOs in the nation
who are driving game-changing innovation. And, in 2020, MIT Sloan selected him as the recipient of the CIO Leadership
Award, which recognizes one CIO from around the world who leads their organizations to deliver exemplary levels of
business value through innovative use of technology.
About CarMax
CarMax, the nation’s largest retailer of used autos, revolutionized the
automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a
truly personalized experience with the option for customers to do as much, or as little, online and in-store as they
want. During the fiscal year that ended February 29, 2024, CarMax sold approximately 770,000 used vehicles and 550,000
wholesale vehicles at its auctions. In addition, CarMax Auto Finance originated more than $8 billion in receivables
during fiscal 2024, adding to its more than $17 billion portfolio. CarMax has 245 store locations, nearly 30,000
associates, and is proud to have been recognized for 20 consecutive years as one of the Fortune 100 Best Companies to
Work For®. CarMax is committed to making a positive impact on people, communities and the environment. Learn more in
the 2024 Responsibility Report. For more information, visit www.carmax.com.
Public Relations
CarMax
(855) 887-2915
PR@CarMax.com
Source: CarMax