---
schema_version: "secwatch.filing_event.v1"
accession: "0001065696-22-000064"
form_type: "8-K"
ticker: "LKQ"
cik: "0001065696"
company_name: "LKQ CORP"
filed_at: "2022-09-20T23:59:59+00:00"
generated_at: "2026-06-23T08:25:51.690523+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001065696-22-000064
- form_type: 8-K
- ticker: LKQ
- cik: 0001065696
- company_name: LKQ CORP
- filed_at: 2022-09-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065696/000106569622000064/0001065696-22-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065696/000106569622000064/lkq-20220914.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065696-22-000064
- JSON: https://secwatch.observer/filing/0001065696-22-000064.json
- Plain text: https://secwatch.observer/filing/0001065696-22-000064.txt

## Key facts
- Executive change
  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
  source text: Varun Laroyia, Executive Vice President and Chief Financial Officer, has been appointed as Chief Executive Officer and Managing Director of LKQ Europe.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569622000064/0001065696-22-000064-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569622000064/0001065696-22-000064-index.htm
- Executive change
  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
  source text: Mr. Laroyia succeeds Arnd Franz, who is leaving the Company to join Mahle Group as its Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1065696/000106569622000064/0001065696-22-000064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.