CarMax names former IHG CEO Keith Barr as President and CEO effective March 16, 2026

CARMAX INC

Keith Barr appointed President and CEO, effective March 16, 2026; also to Board of Directors.
David McCreight steps down as interim CEO, returning to independent director role.
Barr receives base salary of $1.25M, target bonus 175% of salary, plus sign-on and annual equity awards.
Tom Folliard remains interim executive chair until June 2026, then resumes non-executive chair.
Barr previously served as CEO of InterContinental Hotels Group (2017-2023) and currently on MGM Resorts board.

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