New CEO for Ritchie Bros
Ritchie Bros. Auctioneers has appointed Ann Fandozzi as chief executive, she takes up her new role on January 6th. The appointment follows the announcement in June that Ravi Saligram, was stepping down as chief executive, with the intention to depart at the end of September.
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Fandozzi joins the company from vehicle body repair and glass replacement company Abra where she has been chief executive since 2016. Before that she was chief executive of car and van ride share company Ride and vRide, having joined the company in 2012 and left when owner TPG Growth sold the business to Enterprise in 2016. She began her career in 1993 as an engineer with GE Aerospace – later Lockheed Martin, leaving to join management consultants McKinsey in 1997. A year later she joined Ford in a marketing and product strategy role, moving to General Motors in 2001 as global executive director. In 2007 she left the car industry to join domestic appliance manufacturer Whirlpool where she was responsible for online and direct sales to consumers, leaving in 2012 for vRide.
Ritchie chairman Bev Briscoe said: "Ann is an exceptional leader with a proven track record of designing and executing winning strategies and driving profitable growth. 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."
"We would like to thank chief financial officer Sharon Driscoll and Karl Werner, president international, for their commitment and oversight as Co-chief executives 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."
Fandozzi added: "I am honoured and excited to lead Ritchie Bros. at an important time in the company's history. 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."