LKQ Corporation Announces New Leadership Appointments
December 04 2023 - 9:15AM
LKQ Corporation (Nasdaq: LKQ) previously announced that Justin
Jude, the Company’s current Senior Vice President and President of
its Wholesale – North America segment, has been appointed
to serve as LKQ’s Executive Vice President and Chief Operating
Officer from January 1, 2024 until he officially succeeds Dominick
Zarcone as President and Chief Executive Officer of LKQ on July 1,
2024. Today, the Company is announcing two additional leadership
appointments.
First, the Company’s Board of Directors (the
“Board”) has appointed John Meyne, currently the East Division Vice
President of LKQ’s Wholesale – North America segment, to
serve as Senior Vice President of LKQ and President of
Wholesale – North America effective January 1, 2024. Mr.
Jude stated, “John has been instrumental in the success of our
Wholesale – North American business growth and profit
transformation. He embodies the LKQ culture and will do
exceptionally well leading our Wholesale – North America team.”
Additionally, the Board has appointed Andy
Hamilton, currently the Chief Executive Officer of LKQ’s Euro Car
Parts business in the United Kingdom and Republic of Ireland, to
serve as Senior Vice President of LKQ and President and Managing
Director of LKQ Europe effective January 1, 2024. Mr. Zarcone
commented, “Andy's extensive experience, including several years as
our pan European Chief Commercial Officer and then as CEO of our
largest and most profitable European operation, makes him a natural
selection to lead our European team.”
Mr. Hamilton will be succeeding Varun Laroyia,
Executive Vice President of LKQ and Chief Executive Officer and
Managing Director of LKQ Europe. Mr. Laroyia has informed the Board
of his intention to resign from his current positions effective
December 31, 2023. To ensure a smooth transition, Mr. Laroyia will
serve as a special advisor to Mr. Hamilton in 2024. “Varun has been
a trusted partner and integral to LKQ’s success during the past six
years, and I would like to thank him for his dedication to the
Company, his significant contributions, and his assistance with the
transition,” noted Mr. Zarcone. “The ability to fill both these key
segment leadership roles with internal candidates both demonstrates
the depth and breadth of our leadership team and helps to ensure a
seamless transition.”
About John Meyne
Mr. Meyne has been an LKQ team member since
2009. During his tenure, he has held various operational leadership
roles. In 1987, Mr. Meyne began his career in our industry with
Keystone Automotive Industries. In 2006, he started his own
aftermarket collision parts company, which was acquired by LKQ in
2009. From 2011 through 2021, he served as Regional Vice President
for the Southeast Region of the Company’s Wholesale – North America
segment. In January 2022, Mr. Meyne was promoted to East Division
Vice President of the Company’s Wholesale – North America
segment.
About Andy Hamilton
Mr. Hamilton has been an LKQ team member since
2011. In 2010, Mr. Hamilton joined LKQ Euro Car Parts, which was
acquired by LKQ in 2011. During his tenure at LKQ Euro Car Parts,
he has held several executive roles through the end of 2015, the
last of which was Chief Operating Officer. In 2016, Mr. Hamilton
was appointed Chief Commercial Officer of LKQ Europe, where he was
responsible for several key pan-European projects related to
digital strategy, revenue optimization, and category and product
management. Since 2019, Mr. Hamilton has served as the Chief
Executive Officer of LKQ Euro Car Parts.
About LKQ Corporation
LKQ Corporation (www.lkqcorp.com) is a leading
provider of alternative and specialty parts to repair and
accessorize automobiles and other vehicles. LKQ has operations in
North America, Europe and Taiwan. LKQ offers its customers a broad
range of OEM recycled and aftermarket parts, replacement systems,
components, equipment, and services to repair and accessorize
automobiles, trucks, and recreational and performance vehicles.
Forward Looking Statements
Statements and information in this press release
that are not historical are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
are made pursuant to the “safe harbor” provisions of such Act.
Forward-looking statements include, but are not
limited to, statements regarding our outlook, guidance,
expectations, beliefs, hopes, intentions and strategies. These
statements are subject to a number of risks, uncertainties,
assumptions and other factors including those identified
below. All forward-looking statements are based on
information available to us at the time the statements are made. We
undertake no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
You should not place undue reliance on our
forward-looking statements. Actual events or results may differ
materially from those expressed or implied in the forward-looking
statements. The risks, uncertainties, assumptions and other factors
that could cause actual events or results to differ from the events
or results predicted or implied by our forward-looking statements
include, among others, changes in our cash position or cash
requirements for other purposes, fluctuations in the price of our
common stock, general market conditions, and stockholder response
to the repurchase program; and other factors discussed in our
filings with the SEC, including those disclosed under the
captions “Risk Factors” and “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” in our Annual
Report on Form 10-K for the year ended December 31,
2022 and in our subsequent Quarterly Reports on Form 10-Q.
These reports are available on our investor relations website at
lkqcorp.com and on the SEC website at sec.gov.
Contact:
Joseph P. BoutrossVice President, Investor
Relations LKQ
Corporation 1-(312)
621-2793 jpboutross@lkqcorp.com
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