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LKQ Corp. (LKQX) Brings In Terry Fortner from Nationwide

LKQ Corp., the largest nationwide provider of automobile aftermarket collision replacement parts, today announced that Terry M. Fortner has joined the company as VP of Industry Relations & Market Development. His responsibilities will include the development, implementation, and coordination of LKQ’s product and service offerings to the automobile insurance and collision repair industries.

Mr. Fortner brings with him 32 years of experience with Ohio-based Nationwide Insurance, one of the biggest insurance and financial service companies in the world, where he was VP of Material Damage Claims. His extensive knowledge of automobile damage insurance includes involvement with a number of related industry organizations, such as CCC Insurance Advisory Council, COPART Advisory Council, ABPA Award, and CIECA. He was also a member of the I-Car International Board of Directors, and currently serves on the executive committee of the I-Car Educational Foundation Board of Trustees.

Outside of the industry, Mr. Fortner is a director of the Ronald McDonald House of Charities of Central Ohio, and holds the position of Treasurer.

LKQ President and CEO, Joseph Holsten, commented, “Terry is recognized and respected by the insurance auto physical damage industry as a proven innovator and leader.” He added, “The auto insurance industry is poised for a marked increase in its commitment to alternative parts programs. Terry will add valuable insights into the systems and service offerings LKQ will need to develop and deliver to meet the needs of the insurance industry, and the thousands of appraisers and body shops across the U.S. and Canada.”

LKQ Corporation provides recycled OEM products, such as wheels, bumper covers, and lights, for light vehicle repair. They are also a leading distributor of paint and body shop supplies. The company operates approximately 280 facilities, serving tens of thousands of collision repair businesses, mechanical service shops, and vehicle dealerships throughout the U.S. and Canada.

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