Baird, an international employee-owned financial services firm, has announced that long-time Baird associate Terry Maxwell will replace Dominick Zarcone as the firm’s CFO effective March 10.
Maxwell, who was at Baird from 1986 to 2006 and was head of investment banking, rejoined Baird last year as director of corporate development and strategic investment following several years in academics.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In conjunction with the CFO responsibilities, Maxwell will continue to be actively involved in Baird’s strategic investment and acquisition activities.
Zarcone is leaving Baird after more than 20 years to become executive vice president and chief financial officer of LKQ Corporation, a publicly traded Chicago-based company that is a long-standing Baird client.
Zarcone joined Baird as a managing director in 1995, became COO for Investment Banking in 2004 and Baird’s CFO in 2011. He was the senior member of the Baird Banking team that lead-managed LKQ’s initial public offering in 2003 and $100 million follow-on offering in 2005.
He also led the Baird team that advised the company on its $800 million acquisition of Keystone Automotive in 2007. That transaction earned "Manufacturing Deal of the Year – Industrial" recognition from The M&A Advisor.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"Nick has been the consummate Baird associate and a strong partner to me, Terry, Steve Booth and the rest of our leadership team," said Baird Chairman & CEO Paul Purcell. "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, Chief Executive Officer 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 & 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."
