RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

LKQ Corporation Appoints New CFO

Tue Sep 5, 2017

150463159370323.jpgChicago — LKQ Corporation has appointed Varun Laroyia as Executive Vice President and Chief Financial Officer, effective Oct. 1. The company says Laroyia brings diverse financial experience to LKQ, including a background with global public companies in corporate finance, operations management, systems, and mergers and acquisitions.

Laroyia has been the CFO of CBRE’s Global Workplace Solutions (GWS) business since 2015, following CBRE’s acquisition of the GWS business from Johnson Controls Inc. (JCI), where he was the CFO and VP of Information Technology since 2013. CBRE’s GWS business is a real estate outsourcing firm with 40,000 employees in 50 countries. From 2006 to 2013, Laroyia held various positions at JCI, including Group VP of Global Audit and VP of Finance and Administration for its Building Efficiency business across Europe and Africa.

“Varun is an accomplished executive with significant global financial and operational expertise, and I’m thrilled to welcome him to LKQ,” Dominick Zarcone, president and CEO of LKQ Corporation, said in a press release. “Varun will be an outstanding addition to LKQ’s unique people culture and will be a key partner in the execution of our growth strategies across all of our business segments.”

“I have tremendous respect for LKQ’s global presence and market position, and I am excited to join a company that is successfully delivering on its mission of being the leading value-added distributor of vehicle parts and accessories,” said Laroyia. “I look forward to continuing LKQ’s commitment to its core values, and financial and operational discipline, and am honored to be part of the team as we collectively implement the company’s long-term growth strategy.”

LKQ Corporation is parent company of Keystone Automotive Operations. Keystone is parent company of NTP-Stag’s RV distribution division.