CarMax adds board member from food-services sector
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RICHMOND, Va. –
CarMax tapped a top executive in the food business to help its used-vehicle retail operations.
On Tuesday, CarMax announced that its board of directors has elected Pietro Satriano to membership on the board; a move that was effective on Monday. The company added Satriano will serve on its nominating and governance committee.
Satriano has been the chief executive officer and a director of US Foods Holding Corp., a publicly held foodservice distributor, since 2015 and chairman of the US Foods board since 2017.
Previously, Satriano served as chief merchandising officer of US Foods from 2011 until 2015. Before joining US Foods, he was president of LoyaltyOne Co., and served in a number of leadership positions at Loblaw Companies Limited.
“We are pleased to welcome Pietro to the CarMax board,” said Bill Nash, chief executive officer of CarMax. “As a sitting CEO with extensive leadership experience in highly competitive and evolving industries, he is a very valuable addition to our board.”