CarMax, Inc. announced that it intends to add Robert O’Shaughnessy to the company’s Board of Directors, subject to shareholder approval at the Company’s 2026 Annual Meeting of Shareholders. Additionally, the Company announced the planned retirements of Shira Goodman and Mitchell Steenrod, each of whom will not stand for re-election.
“We are pleased to welcome Bob to the CarMax board,” said Tom Folliard, interim executive chair of the board. “His significant experience in the auto industry, deep financial acumen, and consumer credit expertise from his oversight of Pulte’s mortgage business make him a great addition. Adding Bob reflects the Board’s deliberate approach to refreshment, bringing relevant expertise and fresh perspectives to support long-term value creation. We also want to extend our gratitude to Shira and Mitch for their dedication to CarMax. Their guidance has been instrumental to establishing CarMax’s leading market position and iconic brand.”
O’Shaughnessy brings extensive financial, operational, and leadership experience in industries where understanding shifting market and customer dynamics is crucial to success, including direct auto industry expertise. He retired from his position as Executive Vice President of PulteGroup, Inc., one of the largest homebuilders in the U.S., in March 2026.v O’Shaughnessy served as executive vice president and chief financial officer of Penske Automotive Group from 2007 to 2011. He held a number of financial roles with increasing responsibility at Penske, including senior vice president and controller, from 1997 to 2007.
“CarMax has built a leading platform by investing in its exceptional brand and maintaining the trust of its customers,” said O’Shaughnessy. “I look forward to working alongside Keith, the management team, and the Board as we work to deliver on CarMax’s potential in a moment of tremendous opportunity for the industry.”
Following the annual meeting, the Board will be comprised of 11 directors, nine of whom are independent. Tom Folliard will be non-executive Chair and Mark O’Neil will assume the role of Lead Independent Director.
