CarMax 2007 Annual Report Download - page 72

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62
Part III
With the exception of the information incorporated by reference from the company’ s 2007 Proxy Statement in Items
10, 11, 12, 13, and 14 of Part III of this Annual Report on Form 10-K, the company’ s 2007 Proxy Statement is not to
be deemed filed as a part of this Form 10-K.
Item 10. Directors, Executive Officers and Corporate Governance.
The following table identifies our executive officers as of February 28, 2007. We are not aware of any family
relationships among any of our executive officers or between any of our executive officer and any directors. All
executive officers are elected annually and serve for one year or until their successors are elected and qualify. The
next election of officers will occur in June 2007.
Name Age Office
Thomas J. Folliard ................................................... 42 President, Chief Executive Officer, and Director
Keith D. Browning .................................................. 54 Executive Vice President, Chief Financial Officer,
Corporate Secretary, and Director
Michael K. Dolan .................................................... 57 Executive Vice President and Chief Administrative
Officer
Joseph S. Kunkel ..................................................... 44 Senior Vice President, Marketing and Strategy
Richard M. Smith .................................................... 49 Senior Vice President and Chief Information Officer
Mr. Folliard joined CarMax in 1993 as senior buyer and became director of purchasing in 1994. Mr. Folliard was
promoted to vice president of merchandising in 1996, senior vice president of store operations in July 2000, and
executive vice president of store operations in April 2001. Mr. Folliard became president and chief executive
officer, and a director of CarMax in June 2006.
Mr. Browning joined CarMax in 1996 as vice president and chief financial officer after spending 14 years at Circuit
City, his last position being corporate controller and vice president. He has been involved in the development of
accounting procedures, systems, and internal controls for CarMax since its inception. Mr. Browning was promoted
to executive vice president and chief financial officer in 2001. He has served as a director of CarMax since January
1997 and as the company’ s corporate secretary since July 2005.
Mr. Dolan joined CarMax in 1997 as vice president and chief information officer. He was named senior vice
president in April 2001, and was promoted to executive vice president and chief administrative officer in November
2006. Mr. Dolan had prior executive experience in information systems with H.E. Butt Grocery Company, a
privately held grocery retailer, where he was vice president and chief information officer.
Mr. Kunkel joined CarMax in 1998 as vice president, marketing and strategy. Mr. Kunkel was named senior vice
president in April 2001. Prior to joining CarMax, Mr. Kunkel was president of Wholesome Kidfoods, Inc., and a
senior manager with McKinsey and Company.
Mr. Smith was the first full-time associate of CarMax, having worked on the original CarMax concept while at
Circuit City in 1991. He has held various positions in technology and operations throughout his tenure with
CarMax, and was promoted to vice president, management information systems, in April 2005. He was promoted to
senior vice president and chief information officer in November 2006.
The information concerning our directors required by this Item is incorporated by reference to the section titled
“Proposal One - Election of Directors” in our 2007 Proxy Statement.
The information concerning the audit committee of our board of directors and the audit committee financial expert
required by this Item is incorporated by reference to the information included in the sub-section titled “Committees
of the Board –Audit Committee” in our 2007 Proxy Statement.
The information concerning compliance with Section 16(a) of the Securities Exchange Act of 1934 required by this
Item is incorporated by reference to the sub-section titled “Section 16(a) Beneficial Ownership Reporting
Compliance” in our 2007 Proxy Statement.