CarMax appoints Keith Barr as CEO effective march 2026

CarMax Inc. (NYSE: KMX) announced that Keith Barr will become president and chief executive officer effective March 16, 2026. Barr will also join the company's board of directors.

David McCreight, who has served as interim president and CEO, will return to his role as an independent board director. Tom Folliard will continue as interim executive chair until CarMax's annual meeting in June 2026, when he is expected to resume his position as non-executive chair.

Barr previously served as chief executive officer of InterContinental Hotels Group (NYSE: IHG) from 2017 to 2023, where he led a company with 345,000 employees across more than 6,000 properties in over 100 countries. During his tenure at IHG, Barr oversaw the development of a digital reservation system and led efforts to modernize the company's technology infrastructure. He currently serves on the board of directors at MGM Resorts.

"Keith's values-based approach to leadership will enhance CarMax's award-winning people-first culture, and he has demonstrated a clear ability to drive profitable sales growth alongside an unwavering focus on the consumer," Folliard said in a statement.

Barr has more than 25 years of executive leadership experience in hospitality and consumer marketing. Before becoming CEO at IHG, he served as chief commercial officer and held various senior positions within the company since joining in 2000.

CarMax operates as the largest retailer of used automobiles in the United States. During the fiscal year that ended February 28, 2025, the company sold approximately 790,000 used vehicles and 540,000 wholesale vehicles at its auctions.

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