Chicago-based LKQ Corp., parent company of RV parts distributor NTP-STAG and automotive aftermarket parts supplier Keystone Automotive, announced that it has appointed Jacob H. Welch of ValueAct Capital to its board of directors.
Joseph M. Holsten, Chairman of LKQ Corp., said “We are delighted to welcome Jake to LKQ’s Board. Jake’s investment management track record and public market experience will further complement the diverse skills and experience of our board. We look forward to his contributions as we work with management to drive long-term value for all of our stakeholders, including our shareholders.”
Welch is a partner of ValueAct Capital, one of LKQ’s largest stockholders. He has previously served as a director of Armstrong Flooring Inc., where he was a member of the Compensation and Finance Committees. He has been with his current firm since 2009.