CarMax Taps Former InterContinental Hotels CEO After Sales Slump
A CarMax dealership in Pleasant Hill, California.
Photographer: David Paul Morris/BloombergCarMax Inc. named Keith Barr as chief executive officer, bringing in the former InterContinental Hotels Group Plc chief to modernize the company and revive performance.
The used-car retailer terminated former CEO William D. Nash in November after lagging sales and a slump in the stock had erased more than half of CarMax’s market value in a year.