Sukhpal Singh confirms LKQ exit

Following on from Euro Car Part’s announcement that Martin Gray has left his role of CEO, LKQ has confirmed that Sukhpal Singh Ahluwalia has left the board of the factor’s parent company.

Singh held a Director’s role at LKQ, and was Executive Chairman of Euro Car Parts. His resignation is effective today (2 January).

Sukhpal founded a company forty years ago that eventually became Euro Car Parts, and sold the business to LKQ in late 2011, staying on as CEO until 2014 when he became Executive Chairman. Over the past several years Sukhpal and his three sons have developed a substantial property business in the United Kingdom, where more recently he has focused most of his time and energy.

Dominick Zarcone, President and Chief Executive Officer of LKQ Corporation, stated, “Sukhpal has been a key partner with LKQ over the past seven years as we have quadrupled the size of our business in the U.K., and he has served as a valued LKQ board member. While we will miss his insights, we respect his desire to spend all his time focused on the family property business and wish him nothing but the best in those endeavours.”

Sukhpal Singh commented, “ECP has been my life’s work and there will always be a bit of the company in me. I have enjoyed my relationship with LKQ but the time has come for a change so I can devote my full abilities to building the property business with my sons. I am confident in the strategy LKQ has for its European segment and for the next level of growth and operational excellence at ECP.”

Joseph M. Holsten, Chairman of the Board of LKQ stated, “All of us at LKQ thank Sukhpal for everything he has done to build ECP over the years and extend our best wishes for much continued success.”

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