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Robert L Wagman - LKQ
Robert L. Wagman (born 1962) is a business executive in the auto parts industry.
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Current executive roles
Wagman became President of LKQ Corp. at the beginning of 2011 and its Chief Executive Officer a year later. In 2011 he was also appointed: Director of LKQ Corp and LKQ Euro Ltd., as well as being elected to the Board of Directors.
Company success
Since he started leading LKQ, Wagman has supervised its purchase of 50 businesses, gearing it toward $261 million in profits on sales of $4.1 billion in 2012 (an increase of 24 percent and 26 percent respectively from the year earlier). The following year, the firm’s share price nearly doubled to $21, increasing its market value to $6.2 billion. This put shares at a higher price for trades (price-to-earnings ratio) than Apple, Coca-Cola or General Electric. In addition, as he himself pointed out: “We [LKQ] also reached a major milestone in 2014 by surpassing $6 billion in annual revenue for the first time.” He added: “I am particularly pleased with our parts and services growth of 8.7% for the fourth quarter and 9% for the full year.”
Personal finances
On August 22, 2012, Wagman sold 30,000 LKQ shares at an average price of $38.81 a share. On January 14, 2013, he sold 14,950 LKQ shares at an average price of $22.45 a share. Wagman’s total compensation in 2010 was 1,528,959; in 2011 it was 3,624,047; in 2012, 4,476,178; in 2013 it was 4,040,981 and in 2014, 3,486,301.
Employment history
Before taking on the reigns of sole CEO of LKQ, Wagman was co-CEO between 2011 and 2012. Prior to that he held the role of Senior Vice President of Operations - Wholesale Parts Division at the firm. Then he was promoted to VP of Operations - Wholesale Parts Division. Other key roles he held at LKQ and its subsidiaries included: VP of Insurance Services and Aftermarket Operations, Account Executive for Copart Auto Auctions, Outside Sales Manager of Triplett Auto Parts; handling of aftermarket operations and the firm’s interactions with insurance companies; supervision of aftermarket product operations. He has been in the auto-parts salvage industry since 1987.