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LKQ Corporation Appoints New Chief Financial Officer

CHICAGO, Sept. 05, 2017 (GLOBE NEWSWIRE) — LKQ Corporation (Nasdaq:LKQ) has appointed Varun Laroyia as Executive Vice President and Chief Financial Officer, effective October 1, 2017. Mr. Laroyia brings an extensive array of diverse financial experience to LKQ, including a background with global public companies in corporate finance, operations management, systems, and mergers and acquisitions.

Mr. Laroyia has been the Chief Financial Officer of CBRE’s Global Workplace Solutions (GWS) business since 2015, following CBRE’s acquisition of the GWS business from Johnson Controls Inc. (“JCI”), where he was the Chief Financial Officer and Vice President of Information Technology since 2013. CBRE’s GWS business is a multi-billion-dollar full service real estate outsourcing firm with 40,000 employees in 50 countries. From 2006 to 2013, Mr. Laroyia held various positions at JCI including Group Vice President of Global Audit and Vice President of Finance and Administration for its Building Efficiency business across Europe and Africa. From 2000 to 2006, Mr. Laroyia held various positions at Gateway, Inc., including Vice President and Controller based in the U.S. and Finance Director for the United Kingdom and Ireland. Prior to Gateway, he was with General Electric in the U.S. and then GE Capital in London where he served as a Manager of European Corporate Development. Mr. Laroyia started his career at KPMG in London.

“Varun is an accomplished executive with significant global financial and operational expertise, and I’m thrilled to welcome him to LKQ,” stated Dominick Zarcone, President and Chief Executive Officer of LKQ Corporation. “Varun will be an outstanding addition to LKQ’s unique people culture and will be a key partner in the execution of our growth strategies across all of our business segments.”

“I have tremendous respect for LKQ’s global presence and market position, and I am excited to join a company that is successfully delivering on its mission of being the leading value-added distributor of vehicle parts and accessories,” said Laroyia. “I look forward to continuing LKQ’s commitment to its core values, and financial and operational discipline, and am honored to be part of the team as we collectively implement the Company’s long-term growth strategy.”

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 replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles.

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