LKQ Corporation Appoints Andrew Clarke to Board of Directors
LKQ (Nasdaq: LKQ) has appointed Andrew Clarke to its Board of Directors as an independent director, effective July 22, 2024. This addition brings the board to ten members, with eight being independent. Clarke brings over 20 years of executive, operational, and financial experience in the global transportation and logistics industries.
Clarke's most recent role was as Chief Financial Officer at C.H. Robinson from 2015 to 2019, where he helped achieve $3 billion in total revenue growth and return $2 billion to shareholders. His prior experience includes serving as CEO and President at Panther Expedited Services, Inc., and CFO at Forward Air
LKQ's Chairman, Guhan Subramanian, emphasized that Clarke's appointment is part of an active board refreshment process aimed at strengthening the company's financial and operational expertise to support long-term value creation for shareholders.
LKQ (Nasdaq: LKQ) ha nominato Andrew Clarke nel suo Consiglio di Amministrazione come direttore indipendente, con effetto dal 22 luglio 2024. Questa aggiunta porta il numero totale dei membri del consiglio a dieci, di cui otto sono indipendenti. Clarke vanta oltre 20 anni di esperienza esecutiva, operativa e finanziaria nei settori dei trasporti e della logistica a livello globale.
Il ruolo più recente di Clarke è stato quello di Chief Financial Officer in C.H. Robinson dal 2015 al 2019, dove ha contribuito a ottenere 3 miliardi di dollari di crescita totale dei ricavi e a restituire 2 miliardi di dollari agli azionisti. La sua esperienza precedente include ruoli come CEO e Presidente di Panther Expedited Services, Inc. e CFO di Forward Air.
Il Presidente di LKQ, Guhan Subramanian, ha sottolineato che la nomina di Clarke fa parte di un processo attivo di rinnovamento del consiglio volto a rafforzare le competenze finanziarie e operative dell'azienda per supportare la creazione di valore a lungo termine per gli azionisti.
LKQ (Nasdaq: LKQ) ha designado a Andrew Clarke como miembro de su Junta Directiva como director independiente, con efecto a partir del 22 de julio de 2024. Esta adición aumenta el número total de miembros de la junta a diez, de los cuales ocho son independientes. Clarke aporta más de 20 años de experiencia ejecutiva, operativa y financiera en las industrias de transporte y logística a nivel global.
El papel más reciente de Clarke fue como Director Financiero en C.H. Robinson desde 2015 hasta 2019, donde ayudó a lograr 3 mil millones de dólares en crecimiento total de ingresos y a devolver 2 mil millones a los accionistas. Su experiencia previa incluye haber sido CEO y Presidente en Panther Expedited Services, Inc., y CFO en Forward Air.
El Presidente de LKQ, Guhan Subramanian, enfatizó que la designación de Clarke es parte de un proceso activo de renovación de la junta destinado a fortalecer la experiencia financiera y operativa de la empresa para apoyar la creación de valor a largo plazo para los accionistas.
LKQ (Nasdaq: LKQ)는 Andrew Clarke를 독립 이사로 이사회의 회원으로 임명했습니다, 2024년 7월 22일부터 효력이 발생합니다. 이번 추가로 이사회의 총 인원은 10명, 그 중 8명이 독립 이사입니다. Clarke는 글로벌 운송 및 물류 산업에서 20년 이상의 경영, 운영 및 재무 경험을 보유하고 있습니다.
Clarke의 최근 역할은 C.H. Robinson의 최고 재무 책임자로 2015년부터 2019년까지 재직하며 30억 달러의 총 매출 성장에 기여하고 20억 달러를 주주에게 환원했습니다. 이전 경험으로는 Panther Expedited Services, Inc.의 CEO와 회장을 역임했으며, Forward Air에서 CFO로 재직했습니다.
LKQ의 의장인 Guhan Subramanian은 Clarke의 임명이 회사의 재무 및 운영 전문성을 강화하여 주주를 위한 장기 가치 창출을 지원하기 위한 활성 이사회 갱신 프로세스의 일환이라고 강조했습니다.
LKQ (Nasdaq: LKQ) a nommé Andrew Clarke en tant que membre indépendant de son Conseil d'Administration, à compter du 22 juillet 2024. Cette nomination porte le nombre total de membres du conseil à dix, dont huit sont indépendants. Clarke possède plus de 20 ans d'expérience dans les domaines exécutif, opérationnel et financier dans les industries du transport et de la logistique au niveau mondial.
Le rôle le plus récent de Clarke était en tant que Directeur Financier chez C.H. Robinson de 2015 à 2019, où il a contribué à générer 3 milliards de dollars de croissance des revenus totaux et à restituer 2 milliards de dollars aux actionnaires. Son expérience précédente comprend des fonctions en tant que PDG et Président de Panther Expedited Services, Inc. et Directeur Financier chez Forward Air.
Le Président de LKQ, Guhan Subramanian, a souligné que la nomination de Clarke s'inscrit dans un processus actif de renouvellement du conseil visant à renforcer l'expertise financière et opérationnelle de l'entreprise pour soutenir la création de valeur à long terme pour les actionnaires.
LKQ (Nasdaq: LKQ) hat Andrew Clarke in seinen Vorstand berufen, der als unabhängiger Direktor ab dem 22. Juli 2024 tätig sein wird. Diese Ergänzung erhöht die Anzahl der Vorstandsmitglieder auf zehn, wobei acht davon unabhängig sind. Clarke bietet über 20 Jahre Führungserfahrung in den Bereichen Betrieb und Finanzen in der globalen Transport- und Logistikbranche.
Clarke war zuletzt Chief Financial Officer bei C.H. Robinson von 2015 bis 2019, wo er half, ein Umsatzwachstum von 3 Milliarden Dollar zu erzielen und 2 Milliarden Dollar an die Aktionäre zurückzugeben. Zu seinen früheren Tätigkeiten gehören die Position als CEO und Präsident von Panther Expedited Services, Inc. sowie CFO bei Forward Air.
LKQs Vorsitzender, Guhan Subramanian, betonte, dass Clarkes Ernennung Teil eines aktiven Erneuerungsprozesses des Vorstands sei, der darauf abzielt, die finanziellen und operativen Kompetenzen des Unternehmens zu stärken, um die langfristige Wertschöpfung für die Aktionäre zu unterstützen.
- Appointment of Andrew Clarke as an independent director, bringing extensive logistics and financial expertise
- Clarke's track record of achieving $3 billion revenue growth and $2 billion shareholder returns at C.H. Robinson
- Increased board independence with 8 out of 10 members now independent
- Strategic board refreshment to enhance financial and operational talent
- None.
Brings Over 20 Years of Executive, Operational and Financial Experience in Global Transportation and Logistics Industries
CHICAGO, July 22, 2024 (GLOBE NEWSWIRE) -- LKQ Corporation (Nasdaq: LKQ) (“LKQ” or the “Company”) today announced the appointment of Andrew Clarke to the Company’s Board of Directors (the “Board”) as a new independent director, effective July 22, 2024. With the addition of Mr. Clarke, the LKQ Board will consist of ten members, eight of whom are independent.
Mr. Clarke brings significant logistics, transportation, operations, and financial expertise, having most recently served as Chief Financial Officer at C.H. Robinson, the largest freight broker in the U.S. and one of the biggest third-party logistics providers in the world, from 2015 to 2019. During his time as CFO at C.H. Robinson, Mr. Clarke helped the company achieve total revenue growth of
“Andy has a broad range of public company executive and board-level experience, and we are delighted to welcome him to the LKQ Board,” said Guhan Subramanian, Chairman of LKQ Corporation. “We conducted an extensive global search as part of our active refreshment process to identify a director who would further strengthen the Board’s breadth of financial and operational talent. Our Board is committed to regularly evaluating our composition to ensure we have the right mix of skills and experience necessary to aid in our focus of delivering long-term value for our shareholders.”
“I am honored to join the Board of LKQ, an impressive company with unique strengths including market-leading positions and a track record of operational excellence,” said Mr. Clarke. “I look forward to contributing my expertise as the Board oversees the LKQ leadership team’s work to implement the Company’s strategic priorities, drive sustained growth and create long-term shareholder value.”
About Andrew Clarke
Mr. Clarke has over 20 years of experience in the transportation industry. Mr. Clarke currently serves on the board of Element Fleet Management, a TSX-listed global leader in the fleet management industry. Mr. Clarke previously served as the Chief Financial Officer of C.H. Robinson, Inc., a NASDAQ-listed corporation and one of the world’s largest third-party logistics providers, a position he held from 2015 to 2019. From 2007 to 2013, Mr. Clarke was the Chief Executive Officer of Panther Expedited Services, Inc., a premium logistics provider that focuses on the automotive, life sciences, governmental and manufacturing segments. From 2000 to 2006, Mr. Clarke served in various executive roles, including as Senior Vice President and Chief Financial Officer, at Forward Air Corporation, a NASDAQ-listed, diversified transportation services corporation. Mr. Clarke holds a Master of Business Administration from the University of Chicago Booth School of Business and a BSBA from Washington University in St. Louis.
About LKQ Corporation
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 OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.
Forward Looking Statements
Statements and information in this press release that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made pursuant to the “safe harbor” provisions of such Act.
Forward-looking statements include, but are not limited to, statements regarding our outlook, guidance, expectations, beliefs, hopes, intentions and strategies. These statements are subject to a number of risks, uncertainties, assumptions and other factors including those identified below. All forward-looking statements are based on information available to us at the time the statements are made. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
You should not place undue reliance on our forward-looking statements. Actual events or results may differ materially from those expressed or implied in the forward-looking statements. The risks, uncertainties, assumptions and other factors that could cause actual events or results to differ from the events or results predicted or implied by our forward-looking statements include, among others, changes in our cash position or cash requirements for other purposes, fluctuations in the price of our common stock, general market conditions, and stockholder response to the repurchase program; and other factors discussed in our filings with the SEC, including those disclosed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2023 and in our subsequent Quarterly Reports on Form 10-Q. These reports are available on our investor relations website at lkqcorp.com and on the SEC website at sec.gov.
Contact:
Joseph P. Boutross
Vice President, Investor Relations
LKQ Corporation
(312) 621-2793
jpboutross@lkqcorp.com
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