Ritchie Bros. Changes Organizational Structure
November 5, 2014 - Ritchie Bros. Auctioneers Inc. announces several changes to its reporting structure and senior management team.
To better align company leadership with these focus areas, Ravi Saligram, CEO, is implementing a new organizational structure with the following objectives:
- Put in place regional business leaders with a strong general management focus to drive sustainable, profitable growth and cash flow of the core auction business;
- Implement a more localized and decentralized structure to be more responsive and agile as a company, meet local customer needs, and foster an increased sense of urgency;
- Become more externally focused, and tailor 'go to market' approaches based on customer needs and geographic differences;
- Put in place a strong data-centric, customer focused leadership team to exploit new channels, models and services and increase market share; and
- Leverage vast customer and equipment data, and improve analytical rigor to develop powerful insights which will sharpen our strategic focus and strengthen our customer value proposition.
Effective immediately, three regional business leaders have been appointed to oversee and drive regional performance. Randy Wall has been appointed president, Canada; Jeroen Rijk has been appointed SVP, managing director, Europe; and, Kieran Holm has been appointed VP, managing director, Asia Pacific.
Reporting structures into these regional leaders will transition over the coming weeks, and are expected to be in place early in 2015. The regional leaders will oversee all sales, operations, field marketing and support functions, with full P&L and cash flow responsibilities in their respective regions, and will report into Mr. Saligram. The company will shortly initiate a search for the role of president – U.S. and Latin America. In the interim, Saligram will directly oversee this business.
Ritchie Bros. has appointed Jim Barr as group president, emerging businesses, brand innovation, and technology services. In this role, Barr will oversee EquipmentOne, Ritchie Bros. financial services, and the company's marketing and information technology departments. He will also be responsible for developing new revenue channels through complementary products and services. Barr was most recently executive vice president and chief digital officer at OfficeMax.
