Management ChangeMay 12, 2026, 04:52 PM
CarMax to Add Robert O Shaughnessy to Board; Two Directors Retire
AI Summary
CarMax, Inc. announced its intention to add Robert T. O Shaughnessy to its Board of Directors, pending shareholder approval at the 2026 Annual Meeting. Mr. O Shaughnessy brings extensive financial, operational, and direct auto industry expertise, having served as EVP and CFO for PulteGroup and Penske Automotive Group. Concurrently, Shira Goodman and Mitchell Steenrod will retire and not seek re-election, with their decisions not stemming from any disagreement with the company. Following the Annual Meeting, the Board will consist of 11 directors, with nine independent.
Key Highlights
- CarMax intends to add Robert T. O Shaughnessy to its Board of Directors, subject to shareholder approval.
- Shira Goodman and Mitchell Steenrod will retire and not stand for re-election.
- Mr. O Shaughnessy brings extensive financial and auto industry experience.
- He previously served as EVP and CFO of PulteGroup and Penske Automotive Group.
- Mr. O Shaughnessy qualifies as an independent director and is expected to serve on the Audit Committee.
- The Board will comprise 11 directors, with nine independent, after the Annual Meeting.
Price Impact
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