Milwaukee-based Robert W. Baird & Co. Inc. has named Terry Maxwell its new chief financial officer, effective March 10.
Maxwell replaces Dominick “Nick” Zarcone, who has served as Baird’s CFO since 2011 and has now been named executive vice president and chief financial officer at Chicago-based LKQ Corp. Inc., a leading supplier of replacement parts for cars and trucks. Zarcone worked at Baird for more than 20 years, during which time he led a team that helped raise capital and provide strategic advice to LKQ, which now has $6.7 billion in revenue and 29,000 employees worldwide.
Maxwell worked at Baird from 1986 to 2006 and served as head of Investment Banking before leaving for an academic role. He rejoined the company in 2014 as director of Corporate Development and Strategic Investment. Maxwell will continue to assist with Baird’s strategic investments and acquisitions.
“Nick has been the consummate Baird associate and a strong partner to me, Terry, Steve Booth and the rest of our leadership team,” said Paul Purcell, Baird chairman and chief executive officer. “He’s done a phenomenal job for us and we are proud of the service he has provided to LKQ over the years. While he will be greatly missed at Baird, we are incredibly excited for Nick as well as our long-time important partner LKQ.”
“Nick Zarcone and the rest of the Baird team have been important partners for LKQ,” said Robert Wagman, CEO and president of LKQ. “Nick is well-known and highly regarded by our entire senior leadership team and we are very pleased to have him joining our organization.”
“Paul and I have worked closely with Nick for more than 20 years. We’re sorry to have him leave Baird, but are also very happy for him and this next step in his career,” said Steve Booth, Baird president and chief operating officer. “Terry’s ability to move into this new role is a testament to our long-term focus on developing our internal talent, which creates a deep pool of talent that often enables us to successfully promote from within.”
