CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today announced the promotion of Jon Daniels to senior vice president, CarMax Auto Finance (CAF). In assuming responsibility for CAF, Daniels succeeds Angie Chattin, who is retiring. Chattin will work with CarMax in a consulting capacity to ensure a seamless transition.

Jon Daniels, senior vice president, CarMax Auto Finance (Photo: Business Wire)

Jon Daniels, senior vice president, CarMax Auto Finance (Photo: Business Wire)

“CAF’s business has expanded over the last six years and Jon has assumed additional responsibilities as part of our ongoing succession planning. I want to congratulate him on this well-deserved promotion,” said Tom Reedy, executive vice president and chief financial officer.

Daniels, 42, joined CAF in 2008 as vice president, risk and analytics. He has extensive credit and banking experience from HSBC and Metris, where he worked prior to joining CarMax. Daniels earned his bachelor’s degree in mathematics from Flagler College and his master’s degree in operations research from the University of Kentucky.

“I want to thank Angie for her many years of service. CAF has achieved many milestones during her tenure, and has become the seventh largest lender within the used auto finance industry, with a portfolio of more than $8 billion,” said Reedy. Chattin assumed leadership of CAF in 1997 and is retiring after 23 years of service, including holding various positions at Circuit City.

About CarMax

CarMax, a member of the Fortune 500 and the S&P 500 and one of the Fortune “100 Best Companies to Work For” for ten consecutive years, is the nation’s largest retailer of used cars. Headquartered in Richmond, Va., CarMax currently operates 143 used car stores in 72 markets. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles and superior customer service. During the fiscal year ended February 28, 2014, the company retailed 526,929 used vehicles and sold 342,576 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.