Departure and appointment · 23 October 2026
LKQ CORP
LKQ · Listed
Key facts
- How the CEO left
- Not specified
- Planned or abrupt
- Abrupt
- Successor
- Not stated
- Outgoing CEO stays as
- Leaves the company
- Signs it was forced
- Yes
- Other news alongside
- Financial results, Lower guidance, Restructuring
- Effective
- 23 October 2026
- Reason given
- performance, particularly in Europe, has fallen significantly short of the Board's expectations
Read from the filing and press release by a language model (Google Gemini), told to use only that text. It can make mistakes; the quotes below are the source.
The announcement
On October 23, 2026, the Board of Directors (the “ Board ”) of the Company announced that Justin L. Jude ceased to serve as the Company’s President and Chief Executive Officer and resigned as a member of the Board, in each case, effective October 23, 2026.
In connection with Mr. Jude’s separation, the Board appointed Salvatore A. Abbate to succeed Mr. Jude as the Company’s President and Chief Executive Officer and as a member of the Board, in each case, effective as of December 15, 2026.
Rick Galloway, the Company’s Senior Vice President and Chief Financial Officer, will serve as the Company’s principal executive officer for purposes of the rules and regulations of the U.S. Securities Exchange Commission until Mr. Abbate assumes the position of President and Chief Executive Officer on December 15, 2026.
Sentences matched by our CEO change rules, from the first filing. Read the 8-K on SEC EDGAR ↗
Share price reaction
The filing reached SEC EDGAR on 23 October 2026 at 08:06 New York time, before the market opened, so day 0 is that same day. Day 0 is marked by the vertical line.
| Window | LKQ | S&P 500 | Abnormal |
|---|---|---|---|
| Days 0 to +1 | −23.2% | +0.2% | −23.3% |
| Days 0 to +3so far, 3 of 4 days | −23.9% | +0.7% | −24.2% |
| 1 month (days 0 to +21)so far, 3 of 22 days | −23.9% | +0.7% | −24.2% |
| 3 months (days 0 to +63)so far, 3 of 64 days | −23.9% | +0.7% | −24.2% |
The abnormal return is the stock's return beyond what its usual relationship with the market (beta 0.47) predicts. A single stock's move can reflect other news on the same days, so it describes what happened rather than measuring the effect of the CEO change; averages across many events are on the Research design page as they are completed.
News coverage
- LKQ Corporation Announces Preliminary Third Quarter 2026 Results and Leadership and Operational Actions ↗
manilatimes.net · 23 October 2026 · Tone: neutral
- LKQ Appoints Salvatore Abbate To Succeed Justin Jude As President And CEO ↗
rttnews.com · 23 October 2026 · Tone: neutral
- LKQ Stock Plunges 19% as CEO Departs, Guidance Pulled and Auto Parts Giant Warns of Loss After Europe Stumbles ↗
ibtimes.com.au · 23 October 2026 · Tone: negative
Headlines from the day before the filing to three days after, found in the GDELT news index by company name, so an occasional match may be about something else. Tone is FinBERT's reading of the headline alone, a language model trained on financial news; it is not our view of the change.