LKQ Corp., the parent company of warehouse distributor Keystone Automotive Operations, has announced that Dominick Zarcone, the company’s current president and chief executive officer, will retire, effective June 30, 2024.
The company’s board of directors has unanimously selected Justin Jude, current senior vice president and president of its wholesale – North America segment, to succeed Zarcone as LKQ’s next president and CEO.
In the interim, the board has appointed Jude to serve as LKQ’s executive vice president and chief operating officer from Jan. 1, 2024, until he officially succeeds Zarcone on July 1, 2024, according to a press release announcing the changes.
“It has been an absolute honor to serve LKQ over the past nine years as we have expanded and strengthened our global businesses and leadership teams,” said Zarcone. “Our success is the product of the tireless efforts of our greatest asset—the 51,000 team members who make LKQ truly special.”
It is anticipated that both Zarcone and Jude will be included on the slate of nominees for election as members of the LKQ board of directors at the company’s annual meeting of stockholders in May 2024.
“I am thrilled to be selected to serve as the next CEO of LKQ, and I am very grateful to Nick and the board for their support,” said Jude. “LKQ has an extraordinary history and an extremely bright future, and it will be my honor to guide and work alongside the best team in the industry in our ongoing pursuit of our mission: to be the leading global value-added and sustainable distributor of vehicle parts and accessories. With the experience I gained leading our Specialty segment years ago and our Wholesale – North America segment for the past eight years, I look forward to driving organic revenue growth while implementing our lean operating model across our entire organization and focusing on execution as CEO of LKQ. I will do my best to continue to cultivate our exceptional culture, which differentiates LKQ from its competitors.”