A new chief financial officer took over at America’s Car-Mart on Monday.

The company announced last week that Jonathan Collins would assume the role of CFO, succeeding Vickie Judy, who has transitioned to chief accounting officer (CAO).

Car-Mart said this transition is part of the company’s continued focus on building a robust foundation to support long-term growth.

“Since joining the company in 2010, Vickie has played a critical role in driving growth and shaping our success highlighted by a 450% increase in the size of our loan portfolio. I am grateful for her continued leadership as she transitions into the CAO role,” Car-Mart CEO Doug Campbell said in a news release

Judy was among Cherokee Media Group’s Women in Auto Finance honorees in 2021.

“It has been a privilege to be part of Car-Mart’s evolution and growth over the past 15 years,” Judy said. “In my new role as CAO, I am excited to continue supporting the company’s success and to work closely with Jonathan to expand our financial capabilities and take Car-Mart to the next level.”

The company highlighted Collins brings a wealth of global financial leadership experience to Car-Mart. Most recently, he served as CFO of Walmart’s Africa retail operations, where he led all finance and real estate functions across more than 300 stores in eight African countries.

During his time at Walmart, Jonathan held several key financial roles — including chief accounting officer and controller, as well as leadership positions within FP&A, and internal audit — across various assignments in the U.S., Canada, India, and South Africa.

“Since becoming CEO in October 2023, I have emphasized our commitment to strengthening operations and attracting talent to support a larger, more complex business,” Campbell said. “Jonathan is a seasoned executive with a strong track record of driving strategic and financial performance across complex organizations. His experience will be instrumental as we diversify and enhance our capital markets, treasury, and financial planning capabilities.

“I am proud of the well-rounded executive team we have built as we remain focused on our mission of delivering successful outcomes to our customers and creating long-term value to our shareholders,” Campbell added.

Before joining Walmart, Collins was a management consultant at KPMG, working across China, the U.S., and Australia. He specialized in CFO advisory services supporting clients on financial value creation, major transformation initiatives, and finance automation and digitization.

Prior to joining KPMG, Collins worked as a software developer for Alltel Information Systems, where he quickly transitioned to chief architect of its ERP system.

“I am honored to be appointed CFO and join Car-Mart’s leadership team,” Collins said. “As a differentiated automotive retailer, I believe Car-Mart is positioned to grow, innovate, and capture significant market opportunities. I look forward to working with the team to build on the company’s solid foundation and advance our purpose of keeping customers on the road.”