Business

Add as a preferred source on Google

LKQ Corporation Moves Salvatore Abbate’s CEO Start to Nov. 9

Abbate will join the board as the company ends an interim leadership arrangement in place since Oct. 23.

Updated 1 min read
Employees enter LKQ’s headquarters in Antioch, Tennessee, on an overcast morning. / EconoTimes.ai
Employees enter LKQ’s headquarters in Antioch, Tennessee, on an overcast morning. / EconoTimes.ai

An interim leadership arrangement at vehicle parts supplier LKQ Corporation is ending Monday as Salvatore A. “Sal” Abbate takes over as president and CEO, ahead of his Dec. 15 start date.

LKQ said Abbate will also join its board on Nov. 9. Since Oct. 23, an interim Office of the CEO consisting of audit committee Chair Sue Gove and board Chairman John Mendel has overseen LKQ’s operations. That arrangement ends when Abbate takes the role.

LKQ announced Abbate’s appointment on Oct. 23. In preliminary third-quarter results released that day, the company reported significant underperformance in Europe. LKQ supplies alternative and specialty parts for vehicle repairs and accessories, with operations in North America, Europe and Taiwan.

Abbate said he intends to improve LKQ’s execution. Mendel said the earlier start would give Abbate time to meet employees and customers before 2027.

Related articles

View all