LKQ Corporation—the Chicago, Illinois-based provider of specialty automotive parts and the parent company of Keystone Automotive—has announced new leadership appointments. Varun Laroyia, formerly executive vice president and chief financial officer (CFO), has been appointed as CEO and managing director of LKQ Europe. He succeeds Arnd Franz, who has joined MAHLE as CEO. Prior to joining LKQ
LKQ Corporation officially opened its new North American headquarters in Antioch, TN, a suburb of Nashville. The ribbon cutting ceremony was held on December 17, 2018.
Kevin Fitzgerald, one of the engine remanufacturing industry’s old guard, died April 12 at the age of 60. Kevin took his first and only full-time job as an inexperienced 17-year-old at Parnes Rotary Engineering rebuilding Mazda engines in December 1974, ultimately turning that job into a 43-year career.
The business was acquired with funds from private equity investment group Apax Partners. Rhiag operates through 247 distribution centers and 10 warehouses, and serves more than 100,000 professional clients.