His resignation will give Singh more time to devote to other interests including the Dominvs property, hospitality and wealth management business that he formed in 2011 when LKQ paid £225 million for ECP.
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further £55 million in performance-related payments for Singh are understood to have been paid, but besides confirming his resignation he has made no further comment.
Martin Gray will continue to hold the reigns as CEO at ECP, a post he was appointed to in November 2013 when Singh was made Chairman of LKQ Europe.