BREAKING: LKQ CONFIRM SUKHPAL RESIGNATION

LKQ Corp, the owner of Euro Car Parts has confirmed that it has accepted the resignation of Executive Chairman Sukhpal Singh Ahluwalia.

The founder of ECP, known simply by his first name to all in the business, sold the company to the US-based parts giant in 2011, remaining as an Executive Director.

The conformation follows reports that Sukhpal, Martin Gray, Steve Horne and other senior management walked out of ECP last week over the subject of proposed cuts by LKQ.

READ: ANDY HAMILTON SUCCEEDS MARTIN GRAY AS EURO CAR PARTS’ CEO 

Sukhpal 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.”

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.”

READ: BOARD WALKOUT AT EURO CAR PARTS

Sukhpal has resigned from the company he founded in 1979

This is not the first time that Sukhpal has left ECP while under LKQ ownership. However, he left in 2014 amid rumours that he had fallen out with the parent company and was planning to start a new factor chain to be called APX. These rumours took on substance when a recruitment advert appeared in CAT. Shortly after Sukhpal and several dozen other former Euro Car Parts’ employees agreed to return to ECP under new terms.

 

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

CAT Awards networking lunch 2022: Nominations open!

Nominate the best in the industry today

Read More

MOT EXTENSION LEAD TO GARAGES BORROWING FUNDS

A report from a London-based lender has found that funding requests from MOT stations are up by 35% compared with pre-pandemic levels

Read More

People News: Steve Padbury awarded NGK Sales Performer of the Year

Recently retired Padbury scoops prize for FY 2020

Read More

Supplier Update: Rossmore Lubricants to distribute Gulf range

Firm to become sole importer and distributor of the famous blue and orange brand throughout UK and Ireland

Read More

Supplier update: Trico in at Parts For Machines

New heavy machinery parts distributor secures supply contract with wiper firm

Read More

Go to comments

Your email address will not be published. Required fields are marked *