CarMax names CFO as principal accounting officer after retirement

CarMax Inc. (NYSE: KMX) announced that Jill Livesay, Vice President, Controller and Principal Accounting Officer, plans to retire effective July 31, 2026. The company stated that Livesay's retirement decision does not result from any disagreement with the company regarding operations, policies, practices, accounting principles, financial statements, or internal controls.

The used car retailer appointed Enrique N. Mayor-Mora, currently Executive Vice President and Chief Financial Officer, as principal accounting officer effective upon Livesay's retirement. Mayor-Mora will not receive additional compensation for assuming the principal accounting officer duties.

Mayor-Mora, 57, has worked at CarMax for 15 years. He joined the company in 2011 as Vice President, Finance and became Vice President and Treasurer in 2016. The company promoted him to Senior Vice President and Chief Financial Officer in 2019 and to Executive Vice President and Chief Financial Officer in 2022.

Before joining CarMax, Mayor-Mora served as Vice President of Financial Planning and Analysis and Investor Relations at Denny's Corporation from 2005 to 2011. He held financial positions at Gap Inc. from 2001 to 2005.

You May Also Be Interested In

• A.O. Smith executive chairman to retire, CEO to assume chairman role
• MacroGenics to receive $24.5M milestone from Sanofi on FDA approval
• IBM joins OpenAI cyber program, launches app security service