LKQ Corporation Appoints Sue Gove and Michael Powell to its Board

Core Viewpoint - LKQ Corporation has appointed two new independent directors and formed a Finance Committee, entering into a Cooperation Agreement with Ancora and Engine Capital to enhance corporate governance and drive shareholder value [2][4][5]. Company Enhancements - The newly appointed independent directors are Sue Gove and Michael Powell, both bringing extensive experience in the automotive and insurance industries [3][9]. - The Finance Committee will consist of three existing directors along with the new appointees, focusing on capital allocation strategy and business portfolio recommendations [4]. Cooperation Agreement - The Cooperation Agreement with Ancora and Engine Capital includes standard provisions such as standstill and voting rights, aimed at fostering collaboration for the benefit of LKQ's shareholders [5]. Leadership Statements - LKQ's Chairman expressed confidence that the new directors will complement the board's expertise and support the company's strategy for operational excellence and value generation [4]. - Ancora's leadership emphasized their belief in the potential value of LKQ and the positive impact of the new directors on the company's future [4]. Company Profile - LKQ Corporation is a leading provider of alternative and specialty parts for vehicles, with operations in North America, Europe, and Taiwan, offering a wide range of recycled and aftermarket parts [11].