LKQ appoints Varun Laroyia as CEO of Europe, Rick Galloway as CFO; Arnd Franz departs

LKQ CORP

Varun Laroyia, former EVP/CFO, becomes CEO and Managing Director of LKQ Europe, succeeding Arnd Franz.
Arnd Franz leaves to join Mahle Group as CEO; receives termination agreement with salary through Oct 31, 2022 plus pro rata bonus.
Rick Galloway, formerly CFO of Wholesale NA and Self Service, appointed Senior VP and CFO of LKQ.
Laroyia receives RSUs valued at $1.75M, relocation, housing allowance, and tax equalization.
Galloway's salary raised to $575,000; receives $90,000 RSU grant and performance-based RSUs totaling $330,000 at target.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Varun Laroyia

Chief Executive Officer and Managing Director of LKQ Europe

LKQ · LKQ CORP

Effective: 2022-09-15
Successor: Rick Galloway
Filed: September 20, 2022, 7:59 PM ET

Varun Laroyia, Executive Vice President and Chief Financial Officer, has been appointed as Chief Executive Officer and Managing Director of LKQ Europe.

Role change

Rick Galloway

Senior Vice President and Chief Financial Officer

LKQ · LKQ CORP

Effective: 2022-09-15
Filed: September 20, 2022, 7:59 PM ET

Rick Galloway, Chief Financial Officer of LKQ’s Wholesale - North America and Self Service segments, has been appointed as LKQ’s Senior Vice President and Chief Financial Officer.

Departed

Arnd Franz

Chief Executive Officer and Managing Director of LKQ Europe

LKQ · LKQ CORP

Effective: 2022-09-15
Successor: Varun Laroyia
Filed: September 20, 2022, 7:59 PM ET

Mr. Laroyia succeeds Arnd Franz, who is leaving the Company to join Mahle Group as its Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Varun Laroyia was appointed as Chief Executive Officer and Managing Director of LKQ Europe at LKQ CORP.

Action: appointed
Role: Chief Executive Officer and Managing Director of LKQ Europe

Exact text from the filing

Varun Laroyia, Executive Vice President and Chief Financial Officer, has been appointed as Chief Executive Officer and Managing Director of LKQ Europe.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Rick Galloway was appointed as Senior Vice President and Chief Financial Officer at LKQ CORP.

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

Rick Galloway, Chief Financial Officer of LKQ’s Wholesale - North America and Self Service segments, has been appointed as LKQ’s Senior Vice President and Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Arnd Franz departed as Chief Executive Officer and Managing Director of LKQ Europe at LKQ CORP.

Action: leaving
Role: Chief Executive Officer and Managing Director of LKQ Europe

Exact text from the filing

Mr. Laroyia succeeds Arnd Franz, who is leaving the Company to join Mahle Group as its Chief Executive Officer.

View on SEC.gov

LKQ CORP filing history →

Source: SEC EDGAR

accession 0001065696-22-000064

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