50/50 Women on Boards™ Recognizes LKQ as a “3+” Company, with Three or More Women Directors

Rhea-AI Summary

LKQ has been recognized as a “3+” company by 50/50 Women on Boards™ for having three or more women on its corporate board of directors, constituting 27% of board seats. This positive representation supports increased profitability, productivity, and workplace engagement. Dominick Zarcone, CEO, highlighted that 36% of the board comprises individuals from underrepresented groups, emphasizing a commitment to maintaining this diversity. The recognition reflects the growing trend among investors to value diverse boards for their potential business benefits.

Positive

• Recognition as a '3+' company by 50/50 Women on Boards for having three or more women on its corporate board.
• Board diversity includes three women directors, representing 27% of the board, which is linked to improved profitability and productivity.

Negative

• None.

CHICAGO, May 19, 2022 (GLOBE NEWSWIRE) -- 50/50 Women on Boards™ (50/50WOB), the leading global education and advocacy campaign driving gender balance and diversity on corporate boards, commends LKQ as a “3+” company, for having three or more women on its corporate board of directors.

With three women directors representing 27% of its corporate board seats, LKQ demonstrates that when three or more women serve on a board, profitability, productivity, and workplace engagement increase.

“Currently, 36% of our board is comprised of persons from underrepresented groups. We have a commitment to maintain or exceed this percentage of diversity within our board leadership,” said Dominick Zarcone, President and Chief Executive Officer.

“Investors and enlightened leaders continue to make institutional decisions that reinforce the business advantages of diverse boards,” said Betsy Berkhemer-Credaire, CEO of 50/50 Women on Boards. “We are pleased to recognize LKQ for prioritizing this business decision that benefits its shareholders, employees, customers, and communities.”

About LKQ

LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe, and Taiwan. LKQ offers its customers a broad range of OE recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.

About 50/50 Women on Boards (50/50WOB)

50/50 Women on Boards™ (50/50WOB), a nonprofit 501(c)3, is a leading education and advocacy campaign driving the movement toward gender balance and diversity on corporate boards. The campaign publishes its 50/50 Women on Boards Gender Diversity Index™ directory and research reports to track the gender composition of corporate boards on the Russell 3000 by board size, state, sector, and rating. Public awareness campaigns and educational programs produced by 50/50WOB include The Global Conversation on Board Diversity™; and Educational Workshops for women at various career levels, aspiring to serve on boards. For more information, visit: www.5050wob.com.        

LKQ Contact: Genevieve Dombrowski gldombrowski@lkqcorp.com

50/50WOB Media Contact: Heather McLaughlin, novelpublicrelations@gmail.com

FAQ

What is LKQ's board diversity percentage?

LKQ has three women on its board, representing 27% of its corporate board seats.

Who recognized LKQ as a '3+' company?

LKQ was recognized as a '3+' company by 50/50 Women on Boards.

What is the significance of having women on LKQ's board?

Having women on LKQ's board is associated with increased profitability, productivity, and workplace engagement.

What percentage of LKQ's board is comprised of underrepresented groups?

Currently, 36% of LKQ's board is comprised of individuals from underrepresented groups.