2019 RVIA Economic Impact Study

The new RVs Move America Economic Impact Study, released June 3, 2019 at the annual meeting of RVIA, revealed the RV industry has an overall economic impact on the US economy of $114 billion, supporting nearly 600,000 jobs, contributing more than $32 billion in wages, and paying more than $12 billion in federal, state, and local taxes. The announcement was made by Garry Enyart, RVIA chairman, and Onan/Cummins Director of Mobile Generator Sales & Coach Care.

For more information on the $114 billion total economic impact and what it includes, click 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.