Leadership & Pay ·
LKQ appoints Abbate as CEO, withdraws full-year guidance after Q3 loss of $16M-$32M
LKQLkq Corp
LKQ Corporation appointed Salvatore A. Abbate as President and Chief Executive Officer effective December 15, 2026, succeeding Justin Jude who departed immediately. The company reported a preliminary third-quarter net loss of $16 million to $32 million, driven by an $111 million non-cash impairment charge and operational disruptions in Europe. Consequently, LKQ withdrew its full-year 2026 guidance and retained Alvarez & Marsal to advise on European operations amid a strategic review. The company operates as a leading provider of alternative and specialty parts for vehicle repair.