LKQ Corporation announced the following leadership appointments, effective immediately, Varun Laroyia, Executive Vice President and Chief Financial Officer, has been appointed as Chief Executive Officer and Managing Director of LKQ Europe. Mr. Laroyia succeeds Arnd Franz, who is leaving the Company to join Mahle Group (“Mahle”) as its Chief Executive Officer, where he spent 18 years prior to joining LKQ Europe. Rick Galloway, Chief Financial Officer of LKQ's Wholesale - North America and Self Service segments, has been appointed as LKQ's Senior Vice President.

Mr. Laroyia has served as Executive Vice President and Chief Financial Officer of LKQ since 2017. Prior to joining the Company, he served as the Chief Financial Officer of CBRE's Global Workplace Solutions (GWS) business, following CBRE's acquisition of the GWS business from Johnson Controls Inc. (“JCI”), where he held various positions including Chief Financial Officer and Vice President of Information Technology. Mr. Laroyia also previously served in various roles at Gateway, General Electric and KPMG in Europe and North America.

He is an independent member of the Board of Directors of Univar Solutions Inc. Mr. Galloway has served as Chief Financial Officer of LKQ's Wholesale - North America and Self Service segments since 2019. Prior to joining LKQ, Mr. Galloway held various positions at Alcoa Corporation from 2010 to 2019, including Chief Financial Officer of Alcoa's Engineered Products and Solutions division, a business that consisted of 97 manufacturing facilities across the globe. Mr. Galloway began his career in public accounting with Grant Thornton as an auditor with clients in various industries, including manufacturing, oil and gas, non-profit, and government.