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LKQ Announces Executive Management Changes

  • John S. Quinn to head LKQ European Operations
  • Dominick Zarcone to join LKQ Corporation as Chief Financial Officer

CHICAGO, Feb. 26, 2015 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq:LKQ) today announced that John S. Quinn, Executive Vice President and Chief Financial Officer of LKQ, is moving to the position of LKQ's Chief Executive Officer and Managing Director of European Operations. Dominick "Nick" Zarcone has been appointed as LKQ's Executive Vice President and Chief Financial Officer to succeed Mr. Quinn, effective at the end of March 2015.

The Company's European operations have grown steadily over the last several years. The Company asked Mr. Quinn to head those operations recognizing his deep knowledge of LKQ's business, his financial acumen, and his past experience working in the European markets.

Mr. Zarcone has been with the investment bank of Robert W. Baird since 1995, most recently as its Managing Director and Chief Financial Officer. Prior to being named CFO of Baird in 2011, Mr. Zarcone spent 16 years in Baird's Investment Banking Department where most recently he was Chief Operating Officer. Mr. Zarcone was the senior member of the Baird banking team that lead-managed LKQ's initial public offering in 2003, and has since maintained a close affiliation with our Company and industry giving him a significant knowledge base for his new role.

"I am very pleased to announce these executive positions," said Joseph M. Holsten, LKQ Chairman of the Board. "This is a win-win for the Company. John is an ideal candidate to manage our important European operations. Importantly, our Global Finance Department, which John so effectively developed during his tenure as our CFO, will not miss a beat with Nick taking over the CFO duties."

Robert L. Wagman, President and Chief Executive Officer, added: "I believe that we have a very impressive management team to run our company; I look forward to continuing to work with John on our European operations and welcoming Nick as a key member of the LKQ team."

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, the United Kingdom, the Netherlands, Belgium, France, Scandinavia, Australia 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.

CONTACT: Media Contact: Joseph P. Boutross-Director, Investor Relations LKQ Corporation (312) 621-2793 jpboutross@lkqcorp.com

Source:LKQ Corporation