RICHMOND, Va. –

Late last week, CarMax elevated one of its veteran executives to senior vice president and chief financial officer. Moving up into the role is Tom Reedy.

Management explained Reedy will be responsible for CarMax’s finance organization, including accounting, treasury, financial planning and analysis, tax and risk management. The company plans to begin recruiting for the position of treasurer, which Reedy previously held.

CarMax noted Reedy will continue to report to Keith Browning, who previously served as CFO. The company said Browning will remain with CarMax in the role of executive vice president, finance, and continue to manage CarMax Auto Finance, consumer finance and investor relations.

Previously, Reedy served as senior vice president, finance. He joined CarMax in 2003 as vice president, treasurer, and was a founding board member of the CarMax Foundation.

Prior to CarMax, Reedy served as vice president of corporate development and treasurer at Gateway and in various financial roles at both American Airlines and GATX Corp.

“Tom has done a great job as treasurer and has played an instrumental role in all financial aspects of the company,” stated Tom Folliard, CarMax’s president and chief executive officer.

“Many of the accounting departments already transitioned to his leadership more than a year ago,” Folliard added. “We look forward to his continued leadership in his new role.”