LKQ Corp. announced the appointment of Andrew Clarke to the company’s board of directors as a new independent director, effective July 22. With the addition of Clarke, the LKQ board will consist of 10 members, eight of whom are independent.
Clarke brings significant logistics, transportation, operations and financial expertise, having most recently served as chief financial officer at C.H. Robinson, one of the largest freight brokers in the U.S. and one of the biggest third-party logistics providers in the world, from 2015 to 2019. During his time as CFO at C.H. Robinson, Clarke helped the company achieve total revenue growth of $3 billion and return $2 billion to shareholders. Prior to C.H. Robinson, Clarke served as chief executive officer and president at Panther Expedited Services, a premium logistics provider, and as chief financial officer at Forward Air Corp., a diversified transportation services corporation.
“Andy has a broad range of public company executive and board-level experience, and we are delighted to welcome him to the LKQ Board,” said Guhan Subramanian, chairman of LKQ Corp. “We conducted an extensive global search as part of our active refreshment process to identify a director who would further strengthen the board’s breadth of financial and operational talent. Our board is committed to regularly evaluating our composition to ensure we have the right mix of skills and experience necessary to aid in our focus of delivering long-term value for our shareholders.”
“I am honored to join the board of LKQ, an impressive company with unique strengths including market-leading positions and a track record of operational excellence,” said Clarke. “I look forward to contributing my expertise as the board oversees the LKQ leadership team’s work to implement the company’s strategic priorities, drive sustained growth and create long-term shareholder value.”
Clarke has over 20 years of experience in the transportation industry. Clarke currently serves on the board of Element Fleet Management, a TSX-listed global leader in the fleet management industry. Clarke previously served as the chief financial officer of C.H. Robinson, a NASDAQ-listed corporation and one of the world’s largest third-party logistics providers, a position he held from 2015 to 2019. From 2007 to 2013, Clarke was the chief executive officer of Panther Expedited Services, a premium logistics provider that focuses on the automotive, life sciences, governmental and manufacturing segments. From 2000 to 2006, Clarke served in various executive roles, including as senior vice president and chief financial officer, at Forward Air Corp., a NASDAQ-listed, diversified transportation services corporation. Clarke holds a Master of Business Administration from the University of Chicago Booth School of Business and a BSBA from Washington University in St. Louis.
