CarMax, Inc. proudly announced that Shamim Mohammad, Executive Vice President and Chief Information and Technology Officer, was inducted into the prestigious CIO Hall of Fame during the 2024 CIO 100 Symposium held in Colorado Springs, Colorado, on August 7. Among 12 distinguished inductees, Shamim joins a select group of CIOs recognized for their impactful contributions and influence on the technology profession, as well as their advancement of the CIO role. The event was organized by CIO.com, the leading resource and publication for CIOs worldwide.
“This is an incredible honor, and I am truly humbled to be inducted into the CIO Hall of Fame,” said Shamim Mohammad. “This recognition wouldn’t be possible without the excellence and dedication of the entire CarMax Technology team and the many professionals I’ve been fortunate to work with in my career. At CarMax, our entrepreneurial teams drive innovation to continually enhance the associate and customer experience and maintain our competitive advantage. Technology has truly transformed our company, and I am excited for CarMax’s future as we continue to harness new technologies.”
Shamim Mohammad's career spans over three decades, characterized by strategic leadership, visionary thinking, and groundbreaking innovation. He has held senior leadership roles in both successful startups and Fortune 500 companies. Since being promoted to CIO in 2014, Shamim has been instrumental in CarMax’s digital transformation into an industry-leading omnichannel retailer. This transformation enables customers to enjoy a personalized, convenient, and digital car-buying experience, whether online, in-store, or through a seamless integration of both.
Under his leadership, CarMax transitioned its technology and product functions from a project-centric approach to a product-oriented and nimble digital organization, facilitating innovation at scale. CarMax CEO Bill Nash applauded Shamim's tireless commitment to innovation, stating, “Shamim’s dedication has positioned the company as a trailblazer in the ever-changing digital landscape. He is known for cultivating a high-performing, entrepreneurial team and growing talent by fostering a culture of learning and innovation. Shamim is truly a transformative leader.”
In 2023, CarMax was recognized as a CIO 100 award winner for pioneering the adoption of generative AI to drive substantial business results and innovation. In 2021, Forbes featured Mohammad as one of the top 50 CIOs in the nation known for driving game-changing innovation. Additionally, in 2020, MIT Sloan awarded him the CIO Leadership Award, recognizing his exceptional leadership in delivering business value through innovative use of technology.
About CarMax: CarMax, the nation’s largest retailer of used autos, has revolutionized the automotive retail industry by promoting integrity, honesty, and transparency in every interaction. The company offers a personalized experience, allowing customers to choose how much they engage online or in-store. In the fiscal year ending February 29, 2024, CarMax sold approximately 770,000 used vehicles and 550,000 wholesale vehicles at its auctions. CarMax Auto Finance originated over $8 billion in receivables during fiscal 2024, adding to its substantial $17 billion portfolio. With 245 store locations and nearly 30,000 associates, CarMax has been recognized for 20 consecutive years as one of the Fortune 100 Best Companies to Work For. CarMax is committed to making a positive impact on people, communities, and the environment. Further details can be found in their 2024 Responsibility Report.
