LKQ Corporation Appoints Automotive Industry Leader John Mendel as Chairman of the Board

Corporate Governance Changes - LKQ Corporation announced the election of John Mendel as Chairman of the Board, effective immediately, following Guhan Subramanian's decision to step down as Chairman and retire from the Board on January 1, 2026 [1][2] - The transition process is supported by Mr. Subramanian, who will remain on the Board for the remainder of the year to ensure a seamless handover [1] Leadership Experience - John Mendel has been a Board member since August 2018 and has over 45 years of experience in the automotive and wholesale distribution industries, having held executive positions at American Honda, Ford, Lincoln, Mercury, and Mazda America [2][4] - His previous role was Executive Vice President of the Automotive Division at American Honda Motor Company from November 2004 until April 2017 [4] Strategic Focus - Mr. Mendel expressed excitement about his new role and emphasized a focus on simplifying the business portfolio, implementing a leaner operating model, investing in organic growth opportunities, and maintaining a balanced capital allocation policy [3] - The Board aims to work closely with Justin Jude to capture greater market share and enhance shareholder value [3] Acknowledgment of Contributions - Mr. Mendel and Justin Jude both acknowledged Guhan Subramanian's contributions and leadership during his tenure on the Board, highlighting the importance of fresh perspectives and diverse expertise for the company's sustained growth [3]