CarMax Announces Changes to Finance Executive Team

CarMax has announced the following changes to its finance leadership team, effective February 2021:

• Enrique Mayor-Mora will be promoted to Senior Vice President and Chief Financial Officer. Enrique joined CarMax as Vice President of Finance before being elevated to his current Treasurer role. He brings a strong functional foundation to his new role, where he will utilize his expertise in strategic and financial planning, treasury, expansion planning and analysis, risk management and investor relations. His earlier career included financial leadership roles with Denny’s, Gap Inc. and Choice Hotels International. He will succeed Thomas W. Reedy as Chief Financial Officer.

• Thomas W. Reedy will retire as Senior Vice President and Chief Financial Officer on February 28, 2021. Thomas will then transition to Executive Vice President of Finance, where he will maintain responsibility for CarMax Auto Finance, Financial Services and Products, Investor Relations, Store Delivery and Support Systems, and Real Estate teams.

CarMax is the nation’s largest retailer of used cars with more than 200 stores nationwide. During the latest fiscal year, the company sold nearly 750,000 used cars and 450,000 wholesale vehicles at its in-store auctions. Headquartered in Richmond, VA, CarMax has a workforce of more than 25,000 associates. For fiscal year 2019, the company’s net sales were $18.17 billion.