Ann Fandozzi to Become Chief Executive Officer of Ritchie Bros.

Dec 17, 2019

VANCOUVER - Ritchie Bros. Auctioneers (NYSE and TSX: RBA) ("Ritchie Bros." or the "Company"), the world's largest industrial auctioneer and a leading used equipment seller, announced today that Ann Fandozzi will become Chief Executive Officer and join the Company's Board of Directors, effective January 6th, 2020.

Most recently, Fandozzi was CEO of ABRA Auto Body & Glass, a leading national damaged vehicle repair company, where she engineered a step-change in profitability and laid the foundation for an all-new customer experience through technology.

"Ann is an exceptional leader with a proven track record of designing and executing winning strategies and driving profitable growth", said Bev Briscoe, Chair of the Board. "She brings a strong customer focus, deep experience in technology, and outstanding management capabilities that will further Ritchie Bros'. strategic transformation as a multi-channel, technology-enabled global business. The Board looks forward to working closely with Ann and the rest of our talented executives as we build value for our shareholders, our customers, and our employees."

Briscoe added: "We would like to thank Sharon Driscoll, Chief Financial Officer, and Karl Werner, President, International, for their commitment and oversight as Co-CEOs during the interim period and for all their contributions to the Company. By ensuring that Ritchie Bros. maintained its momentum, the Board was able to conduct a thoughtful, robust process that led to the recruitment of the right executive to lead the Company forward."

"I am honored and excited to lead Ritchie Bros. at an important time in the Company's history," said Fandozzi. "Ritchie Bros. has extraordinary assets – starting with its talented employees, deep customer base, leading market position and unmatched technology. I am energized by the many opportunities we have to expand our global iconic brand which has earned the trust of our customers by delivering the products, services, and unmatched value to help them build and grow their businesses for over 60 years."

Source : Newswire

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