The Board of Ritchie Bros. have appointed Sharon Driscoll, chief financial officer, and Karl Werner, president, international, as interim co-chief executive officers of the Company, in addition to their current roles effective 1 October 2019, concurrent with the date of Ravi Saligram’s departure as CEO and board member of Ritchie Bros.
Sharon Driscoll, chief financial officer, Ritchie Bros.
Karl Werner, president, international, Ritchie Bros.
Ravi will work closely with Sharon, Karl and the executive team to assure a smooth transition. The Board continues its search for a successor to Saligram as CEO.
In a message to Ritchie Bros. employees, Saligram said: “Throughout these five years, we reached record GTV of $5.0 billion in 2018. A significant portion of this record was achieved with the IronPlanet acquisition, which catapulted Ritchie Bros. into a top-50 B2B ecommerce company. As we reflect two years since the IP transaction closing, this strategic acquisition offers the opportunity for substantial growth through online channels, a place where customers are naturally migrating.”
He added: “I am highly confident about our future growth prospects given our outstanding management team, technology enabled platform driving significant network effects, and ability to penetrate all segments of the market with a full suite of multi-channel solutions and portfolio of growth initiatives. Importantly, we have a strong world-class, diverse and cohesive management team in place, and they will lead you to greater heights. I firmly believe that Sharon and Karl in collaboration with the executive team will successfully guide Ritchie Bros. during this interim period in executing our strategic plan to drive growth and add shareholder value while continuing to keep the customer at the heart of everything we do.”
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