LKQ Corporation has announced the forthcoming retirement of its European executive vice president and CEO, John S Quinn, and the selection of Arnd Franz, current chief operating officer of LKQ Europe, to succeed him effective 1 October, 2019.
LKQ Corporation has detailed the full changes in leadership at its business in the United Kingdom and Republic of Ireland, following the departure of CEO Martin Gray and subsequent appointment of Andy Hamilton as chief executive officer of the Euro Car Parts Group (ECP). Sukhpal Singh Ahluwalia, ECP’s founder forty years ago, resigned from his positions as a director of LKQ Corporation and as executive chairman of its ECP subsidiary. He had previously, in September 2017, agreed a contract for three further years as executive chairman of LKQ’s operations in the United Kingdom and Republic of Ireland.
German aftermarket car parts and tools distributor Stahlgruber GmbH will soon have a new owner. LKQ Corporation has entered into a definitive agreement with Stahlgruber group management holding company Stahlgruber Otto Gruber AG to acquire the subsidiary for an enterprise value of approximately 1.5 billion euros. LKQ expects to complete the transaction late in the first quarter or early in the second quarter of 2018, subject to required regulatory approvals.
LKQ Corporation has announced that its United Kingdom subsidiary, Euro Car Parts, has acquired substantially all the business assets of UK automotive parts distributor Andrew Page Limited. As part of the transaction, Euro Car Parts will acquire 102 Andrew Page branch locations, its national distribution centre and corporate office.
Euro Car Parts has appointed Sukhbir Kapoor as vice president (VP) for Supply Chain and E-commerce. According to LKQ Corporation, which owns Euro Car Parts, Kapoor will coordinate the company’s pan-European strategies and activities in supplier relationships, global sourcing, inventory, category management, brands and concepts, cataloguing, e-commerce and pricing. Kapoor joins the board of Euro […]
Euro Car Parts has secured one of the largest industrial facilities in the Midlands with a view to turning it into one of the UK’s largest parts distribution centres. According to the company, the project is being funded by investment from parent company LKQ Corporation and will secure over 1,350 jobs for the local area and an additional 2,000 jobs in branches and head office.