RICHMOND, VA – CarMax, Inc. has announced the promotions of two senior executives.

Mike Dolan has been promoted to executive vice president and chief administrative officer. He will be responsible for enhancing Carmax associate engagement and development. Dolan will also continue to lead the human resources, management information systems, construction, procurement, and engineering departments and in his role as chief compliance officer.

Dolan joined CarMax in 1997 as vice president and chief information officer, and was named senior vice president in April 2001. Prior to joining CarMax, Dolan was vice president and chief information officer at H-E- B Grocery Company, a privately held retailer.

Richard Smith, previously vice president, management information systems, has been promoted to senior vice president and chief information officer. Smith will be responsible for all elements of CarMax's management information systems and its goal of providing a secure, reliable, and responsive technology environment.

Smith was the first full-time associate of CarMax. He worked on the original CarMax concept while at Circuit City Stores, Inc. in 1991. He has held various positions in technology and operations throughout his tenure with CarMax. Prior to joining CarMax, Smith worked at Circuit City as manager of merchandising/advertising/budgeting systems.