Keith Barr
President and Chief Executive Officer
Executive
0 yr
15 reports
Leadership change Keith Barr became Chief Executive Officer (from CEO, InterContinental Hotels Group) · 8-K filed Feb 12, 2026
CarMax, Inc. ·KMX
Retail and Finance divisions run as parallel P&Ls
Retailing · Fortune #151 · Divisional structure · 30K employees · Richmond, VA
View as of:
9
CEO span
↑ wider than peers (avg 8)
2.6
Avg span
moderate
3
Max depth
3 levels
5.1 yr
Avg tenure
stable vs FY2025
63%
Internal hires
↑ above industry avg
Consolidated financials FY2026 · period end 2026-02-28 · 10-K
Revenue
$25.9B
Net income
$247M
Total assets
$26.4B
Shares out
142M
Sourced from CarMax, Inc. 10-K · filed 2026-04-15 ↗ View on SEC
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CarMax, Inc. organizational chart
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Retail and finance divisions run as parallel P&Ls at CarMax, with both leaders reporting directly to the CEO. This page maps the current executive structure, divisional responsibilities, leadership changes, and how CarMax compares with automotive retail peers.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal William C. Cobb joined as Director Nominee
Nominated to Board on April 8, 2026
Source · See change logScenario views in the chart
- Add Chief Operating Officer Introduce a COO to consolidate oversight of Retail Operations and Logistics, reducing CEO span.
- Move Auto Finance under CFO Shift CarMax Auto Finance to report to the CFO, tightening financial risk and capital oversight.
Atlas work this supports
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The people
Who's running this
9 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
Shamim Mohammad
Executive Vice President and Chief Information and Technology Officer
Technology
8 yr
2 reports
internal
Joe Wilson
Executive Vice President, CarMax Retail
Retail Operations
4 yr
2 reports
internal
Enrique Mayor-Mora
Executive Vice President and Chief Financial Officer
Finance
5 yr
3 reports
internal
Scott Baker
Senior Vice President and President, CarMax Auto Finance
Financial Services
6 yr
0 reports
internal
Charles Joseph Wilson
Executive Vice President and Chief Human Resources Officer
Human Resources
6 yr
0 reports
internal
John M. Stuckey III
Senior Vice President, General Counsel and Corporate Secretary
Legal
7 yr
0 reports
Jim Lyski
Executive Vice President and Chief Marketing Officer
Marketing
2 yr
0 reports
internal
Sarah Lane
Senior Vice President, Strategy and Analytics
Strategy
3 yr
0 reports
The businesses
How CarMax, Inc. divides the work
4 divisions report into the group CEO. Tile size scales with estimated headcount.
Retail Operations
22K employees
EVP, CarMax Retail (Joe Wilson)
Operates CarMax superstores, logistics, inventory management, and customer experience across the U.S.
CarMax Auto Finance
3K employees
SVP & President, CarMax Auto Finance (Scott Baker)
Provides captive auto lending, securitization, and credit risk management for CarMax customers.
Technology
2K employees
EVP & CIO (Shamim Mohammad)
Builds and maintains e-commerce, pricing, data, and enterprise technology platforms.
Finance
800 employees
EVP & CFO (Enrique Mayor-Mora)
Oversees financial reporting, treasury, capital markets, and investor relations.
The thesis
Why this org is unusual
CarMax is structurally distinctive because its Retail and Auto Finance businesses operate as parallel divisions reporting directly to the CEO.
This means store operations and lending economics are managed as separate P&Ls rather than being fully integrated under a single operating head.
The CEO has nine direct reports spanning functional and divisional leadership, creating a relatively wide span of control. The absence of a standalone COO reinforces the CEO’s direct oversight of both retail execution and financial services performance.
Technology, finance, and HR remain centralized functions, while CarMax Auto Finance stands out as a large, balance-sheet-intensive unit with its own president, reflecting its regulatory and funding complexity.
- Retail and finance divisions both report directly to CEO
- No Chief Operating Officer role
- Auto Finance runs as a standalone P&L
The comparison
How CarMax, Inc. stacks up
Compared with peers like AutoNation and Lithia Motors, CarMax runs a more clearly bifurcated retail–finance structure, with its captive finance arm elevated to a CEO-level report. Traditional dealer groups often embed finance within retail operations. Relative to online-focused peers like Carvana, CarMax maintains …
C-suite size
Reporting depth
CarMax, Inc.
3 levels
4 levels
4 levels
3 levels
4 levels
Avg C-suite tenure
Has COO / Has CAIO
CarMax, Inc. — no COO — no CAIO
Current signals
What changed recently
The most significant change was the appointment of Keith Barr as CEO in March 2026, ending the interim leadership period.
- new
- new
- departedDavid W. McCreight Interim Chief Executive Officer
Stepped down as interim CEO effective March 16, 2026
Source
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2026
10-K filed 2026-04-15
- CEO
- Keith Barr
- CEO span
- 9
- C-suite
- 6
- Avg tenure
- 5.1 yr
Leadership transition year with a newly appointed CEO.
Named executive officers (5)
- Keith Barr - CEO since 2026
- Enrique Mayor-Mora - CFO since 2020
- Shamim Mohammad - CIO/CTO since 2017
- Charles Joseph Wilson - CHRO since 2019
- Scott Baker - President, CAF since 2020
FY2025
10-K filed 2025-04-11
- CEO
- William D. Nash
- CEO span
- 8
- C-suite
- 6
- Avg tenure
- 6 yr
Stable leadership prior to CEO succession planning.
Named executive officers (3)
- William D. Nash - CEO since 2016
- Enrique Mayor-Mora - CFO since 2020
- Shamim Mohammad - CIO/CTO since 2017
FY2024
10-K filed 2024-04-15
- CEO
- William D. Nash
- CEO span
- 8
- C-suite
- 6
- Avg tenure
- 5.8 yr
Continued emphasis on omnichannel retail and captive finance.
Named executive officers (2)
- William D. Nash - CEO since 2016
- Enrique Mayor-Mora - CFO since 2020
Year-over-year changes
FY2026 reflects a CEO transition with a modest increase in CEO span of control.
- CEO span: 8 → 9
- C-suite size: 6 → 6
- Avg tenure: 6 → 5.1 yr
- new Keith Barr - Chief Executive Officer (was CEO, InterContinental Hotels Group) (8-K filed Feb 12, 2026)
- departed William D. Nash - Chief Executive Officer (was CEO) (10-K filed Apr 15, 2026)
Frequently Asked Questions
Who is the CEO of CarMax?
Keith Barr has served as President and CEO of CarMax since March 16, 2026.
What type of organizational structure does CarMax use?
CarMax uses a divisional structure, with Retail and Auto Finance operating as separate P&Ls.
How many direct reports does CarMax's CEO have?
The CEO currently has nine direct reports spanning divisional and functional leaders.
How has CarMax's leadership changed recently?
CarMax appointed Keith Barr as CEO in March 2026 following an interim leadership period.
Does CarMax have a COO?
No, CarMax does not have a Chief Operating Officer; divisional leaders report directly to the CEO.
Sources
- 8-K Filing, Apr 9, 2026
- 8-K Filing, Feb 12, 2026
- SEC EDGAR: CarMax, Inc. DEF 14A Proxy Statement
- SEC EDGAR: CarMax, Inc. 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). CarMax, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/carmax/MLA 9th
"CarMax, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/carmax/. Accessed .Chicago 17
Creately. "CarMax, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/carmax/.Original SEC source View on SEC ↗
CarMax, Inc.. 10-K. Filed 2026-04-15. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1170010/000117001026000021/kmx-20260228.htmPermanent URL: https://creately.com/org-chart/fortune-500/carmax/ · last updated 2026-04-01