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Ritchie Bros Auctioneers Inc (RBA)

RBA on New York Consolidated

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25 May 2017
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Summary

Name Age Since Current Position

Beverley Briscoe

61 2014 Independent Chairman of the Board

Ravichandra Saligram

60 2016 Chief Executive Officer, Interim President, United States and Latin America, Director

Sharon Driscoll

54 2015 Chief Financial Officer

James Barr

53 Group President - Emerging Businesses, Brand Innovation and Technology Services

Randall Wall

57 2014 President, Canada

Karl Werner

51 2017 President - International

Todd Wohler

57 2015 Chief Human Resource Officer

Kieran Holm

48 2017 Senior Vice President - Operational Excellence & Efficiencies

Doug Olive

45 Senior Vice President, Pricing & Appraisals

Marianne Marck

2016 Chief Information Officer

Becky Alseth

2016 Chief Marketing Officer

Darren Watt

44 2015 General Counsel, Corporate Secretary

Jeroen Rijk

44 2015 Managing Director, Europe

Sarah Raiss

59 2016 Director

Robert Elton

64 2012 Independent Director

Erik Olsson

55 2013 Independent Director

Eric Patel

59 2004 Independent Director

Edward Pitoniak

60 2006 Independent Director

Christopher Zimmerman

56 2008 Independent Director

Jamie Kokoska

2014 Director, Investor Relations

Biographies

Name Description

Beverley Briscoe

Ms. Beverley Anne Briscoe is an Independent Chairman of the Board of Ritchie Bros. Auctioneers Inc. Ms. Briscoe was appointed Deputy Chairperson of the Board of the Company effective September 23, 2013. Ms. Briscoe is currently the owner and President of Briscoe Management Ltd., a consulting company that she has owned since 2004. From 2003 to 2007, Ms. Briscoe was also Chair of the Industry Training Authority for British Columbia. Ms. Briscoe’s previous employment includes: from 1997 to 2004 she was President and owner of Hiway Refrigeration Limited; from 1994 to 1997 she was Vice President and General Manager of Wajax Industries Limited; from 1989 to 1994 she was Chief Financial Officer for the Rivtow Group of Companies; from 1983 to 1989 she held various executive positions with several operating divisions of The Jim Pattison Group; and from 1977 to 1983 she worked with a predecessor firm of PricewaterhouseCooopers. Ms. Briscoe is a Fellow of the Institute of Chartered Accountants and has a Bachelor of Commerce degree from the University of British Columbia, and is also a Fellow of the Institute of Corporate Directors.

Ravichandra Saligram

Mr. Ravichandra K. Saligram has been appointed as Chief Executive Officer, Interim President, United States and Latin America, Director of the Company effective December 31, 2016. He was Chief Executive Officer, Director of Ritchie Bros. Auctioneers Inc. Mr. Saligram's 35-year professional career includes three years as President and Chief Executive Officer of OfficeMax and more than 20 years of general management experience at ARAMARK, Intercontinental Hotels Group, and SC Johnson. Mr. Saligram has lived in five countries and worked in many more across five continents. He is noted for his ability to lead consumer, B-to-B and digital businesses and has considerable experience running global, multi-unit service organizations and overseeing large sales teams.

Sharon Driscoll

Ms. Sharon R. Driscoll is Chief Financial Officer of the Company. Ms. Driscoll has over 17 years of senior executive experience, overseeing financial operations for large, multichannel businesses. She has a history of being a true business partner to chief executive officers and is highly effective at collaborating with key line leaders. Most recently, Ms. Driscoll was executive vice-president and CFO of Katz Group Canada Ltd. (more commonly known as Rexall), a national pharmacy retailer based in Canada with more than 450 locations. In this role, Ms. Driscoll was responsible for all financial operations, including capital allocation and acquisition decisions, financing strategies and treasury operations, regulatory compliance, risk management, and financial talent development. During her time at Rexall, Ms. Driscoll championed the acquisition and integration activity of independent pharmacy businesses into the Rexall family of corporate drug stores and strengthened financial governance over capital investment and allocation decisions. Prior to Rexall, Ms. Driscoll was senior vice-president and chief financial officer of Sears Canada Inc., one of Canada's largest retailers. At Sears, Ms. Driscoll was responsible for all financial management and oversight of the company's operations, providing leadership and co-ordination of the organization's overall financial plans, policies and accounting practices. There, she successfully handled complex situations and was responsible for building relationships with external constituencies, including shareholders, lending institutions and regulatory bodies. While in her role, Sears Canada registered as a foreign private issuer with the United States Securities and Exchange Commission, established a secured revolving credit facility, and unlocked substantial capital through lease surrender transactions. Prior to being appointed CFO, Ms. Driscoll was senior vice-president, finance, at Sears Canada.

James Barr

Mr. James Barr, IV is Group President - Emerging Businesses, Brand Innovation and Technology Services of Ritchie Bros. Auctioneers Inc. Jim Barr was most recently Executive Vice President and Chief Digital Officer at OfficeMax, where he was responsible for all aspects of the company's e-commerce business and for driving its multi-channel digital strategy. Mr. Barr has successfully developed and executed strategies to drive profitable growth in several senior level e-commerce positions. He has served as President of Sears Holdings Corporations' online division where he held full P&L accountability for multi-channel strategy and online sites such as sears.com and kmart.com, significantly growing these businesses. Prior to joining Sears, Mr. Barr held positions of increasing responsibility at Microsoft for 12 years, most recently serving as General Manager, Commerce & Marketplaces, where he launched and led several marketplace businesses, including comparison shopping, auctions, online classifieds listings and the Windows Marketplace; and General Manager, Business Development, MSN. Mr. Barr is a graduate of Miami University and received a Master of Business Administration degree from The University of Chicago Booth School of Business.

Randall Wall

Mr. Randall J. Wall is President, Canada of Ritchie Bros. Auctioneers Inc. Mr. Wall has been with Ritchie Bros. since 1988 and has held numerous head office and field management positions with the Company, including Manager of Auction Site Development, Manager of Training, Territory Manager, Managing Director of European and Middle Eastern Operations, and Senior Vice President responsible for the Company's operations in Europe, the Middle East, Africa and the Eastern half of North America. In 2002, Mr. Wall was appointed President and Chief Operating Officer of the Company. Randy served as President of Ritchie Bros. Auctioneers from 2005 to 2008, then enjoyed a brief semi-retirement (during which he continued his involvement with the company in sales training and Board advisory capacities) before re-joining the Company full time in 2013 as Chief Productivity Officer. Mr. Wall is a Chartered Accountant with a Bachelor of Commerce degree from the University of British Columbia. Prior to joining Ritchie Bros. he worked several years with predecessor firms of KPMG as a Senior Tax Manager.

Karl Werner

Mr. Karl William Werner is President - International of Ritchie Bros. Auctioneers Inc. He joined the Company in 1996 as Territory Manager for the Olympic Peninsula and Alaska. In 1999 he was appointed to Regional Manager for the Northwest US and in 2004 transferred to the Company’s corporate head office as Senior Manager, Strategic Projects. In 2005 he was appointed to Divisional Manager, Auction Operations. In 2008 he was appointed to VP of Auction Operations until October 2013, when he became Chief Auction Operations Officer. Mr. Werner was appointed to his current position in November 2014.

Todd Wohler

Mr. Todd Donald Wohler is Chief Human Resource Officer of Ritchie Bros. Auctioneers Incorporated. Mr. Wohler brings over 20 years of experience across multiple geographies and industries. After earning a degree in mechanical engineering from Virginia Tech, Todd began his career at Schlumberger, a global oil and gas technology company, where he worked in many different branches of the company in the US, Paris, and London during his 20 year tenure. Todd has also served as Chief Human Resources Officer at Quintiles Transnational, as Senior Vice President of Human Resources at ARAMARK for ARAMARK's international business, and as Senior Vice President of Human Resources at United Water. Over the course of his career Todd has been instrumental in building global teams and organizations that have excellent track records of success. He has developed and implemented transformational HR strategies and recruited hundreds of executives and leaders for organizations across the globe in multiple industries.

Kieran Holm

Mr. Kieran C. Holm is Senior Vice President - Operational Excellence & Efficiencies of Ritchie Bros. Auctioneers Inc. Mr. Holm has over a decade of experience with Ritchie Bros., beginning his career at the company in 2004 in marketing department. Mr. Holm has held progressively more senior positions, including Area Manager in Texas; Regional Manager in Chicago; and most recently, Vice President of Sales, North Central U.S. Kieran has developed and executed strong sales growth strategies, managed high-performing sales teams and spearheaded Ritchie Bros.' expansion into auctioning real-estate assets. Mr. Holm holds an MBA, specializing in finance, from McGill University, earned at the University's Tokyo, Japan, campus; and a Bachelor of Arts degree from the University of Victoria (Canada). He speaks English, Japanese and French.

Doug Olive

Mr. Doug Olive is the Senior Vice President, Pricing & Appraisals of the Company. has been employed by the Company for 19 years. Mr. Olive has held progressively more senior roles at the Company, including Territory Manager, Regional Manager, Divisional Manager, Prairies, and Divisional Manager for Western Canada. He also held the position of Senior Valuation Analyst to work closely with the company’s U.S. Eastern Division and Eastern Canada Division and managed their at risk business. In April of 2015, Mr. Olive was appointed as the Company’s Senior Vice President, Valuations and Appraisals. Prior to that, he was VP of Pricing and Appraisals and has been in that role for the last five years. Mr. Olive holds vast equipment knowledge, deal structuring expertise and pricing know how.

Marianne Marck

Ms. Marianne Marck serves as Chief Information Officer of the Company. Marianne Marck joined Ritchie Bros. as Chief Information Officer in April of 2016. Prior to joining Ritchie Bros, Ms. Marck was Senior Vice President, Retail and Digital Technology at Starbucks Coffee Company. Ms. Marck has over 15 years of executive experience relating to technology and digital platforms working with companies such as Blue Nile Inc., the Walt Disney Internet Group, and CNET Networks.

Becky Alseth

Ms. Becky Alseth serves as Chief Marketing Officer of the Company. She was Acting Chief Marketing Officer of the Company. Prior to joining the Company, Ms. Alseth served as Vice President of Marketing at HZO, Inc. since February of 2014, Chief Development and Marketing Officer during 2012 and 2013 at First (a not-for-profit public charitable organization) and from 2006 to 2011 as Senior Vice President of Marketing at Avis Budget Group. Ms. Alseth started in her marketing career working in a series of progressive brand management roles at leading Fortune 500 companies including The Clorox Company, Nestle, and Diageo. Ms. Alseth earned her Bachelor of Science in Society & Technology from Montana Tech and her MBA from the University of Washington Foster School of Business.

Darren Watt

Mr. Darren Jeffrey Watt is General Counsel, Corporate Secretary of Ritchie Bros. Auctioneers Inc. He joined the Company in 2004 as in-house legal. In 2012, Mr. Watt was promoted to Vice President Legal Affairs, and in 2013 was appointed General Counsel and Corporate Secretary, and also assumed the role of VP Corporate Development until the appointment of Mr. Saligram and the subsequent establishment of a distinct corporate development team in 2015; at which point Mr. Watt resumed his focus on legal matters. Prior to joining the Company Mr. Watt practiced with McCarthy Tétrault LLP (1998 - 2004) as an Associate lawyer in the area of Corporate Finance & Securities. Mr. Watt is a member of the Law Society of British Columbia and holds a Law Degree from the University of British Columbia, as well as an Honours Bachelor of Arts degree (International Relations) from the University of Toronto.

Jeroen Rijk

Mr. Jeroen Laurentius Johanus Rijk is Managing Director, Europe of Ritchie Bros. Auctioneers Inc. Mr. Rijk has held progressively more senior roles at Ritchie Bros. since he began at company in 1995. Most recently Mr. Rijk was Group Senior Vice President, Sales – Europe, and oversaw all sales and operations activities for Ritchie Bros. in 15 countries across Europe. He was instrumental in building Ritchie Bros.' business in Southern Europe and developing a team of strong sales leaders in the region. His past roles at the Company span many functions, including sales management, sales, yard operations and accounting. Mr. Rijk has a Master's of Science degree in International Transport from the University of Wales, College of Cardiff, as well as Bachelor degrees specializing in management. He speaks Dutch, English and Spanish fluently, and also understands German.

Sarah Raiss

Ms. Sarah E. Raiss is Director of the Company. Ms. Raiss is a seasoned corporate director, with board experience at many public companies. Ms. Raiss is currently a corporate director at Loblaw Companies (a leading Canadian grocery and pharmacy company), Commercial Metals Company (a steel and metal manufacturer) and Vermilion Energy (an international oil and gas producer). At Loblaw Companies, Ms. Raiss is a member of the board's governance and human resources committee, and the pension committee. At Commercial Metals Company, Ms. Raiss chairs the compensation committee and is a member of the governance committee. And at Vermilion Energy, she sits on the governance and human resources committee, and the health, safety and environment committee. Ms. Raiss is a former chair of the Alberta Electric System Operator, a past director of Shoppers Drug Mart, where she was a member of the human resources and compensation committee, and a past director of Canadian Oil Sands, where she chaired the governance and human resources committee, and was a member of the audit committee. Ms. Raiss is also a past director of the Business Development Bank of Canada, where she chaired the human resources committee, and was a member of the governance committee and audit committee, and was a director at Microplanet Technology. Ms. Raiss has also been a director for many not-for-profit organizations. Ms. Raiss retired from TransCanada Corp. (a developer and operator of North American energy infrastructure) in 2011, where she was executive vice-president of corporate services, and was responsible for human resources; information systems; aviation, building and office services; real estate; organizational excellence; communications; branding; and health and wellness. She holds a bachelor of science in applied mathematics and an MBA from the University of Michigan.

Robert Elton

Mr. Robert George Elton is an Independent Director of Ritchie Bros. Auctioneers Inc. Mr. Elton is currently acting as Executive Sponsor, Banking Transformation, of Vancouver City Savings Credit Union. Mr. Elton is also a corporate director and an adjunct professor at the University of British Columbia’s Sauder School of Business. Mr. Elton was President and Chief Executive Officer of BC Hydro, a government-owned electric utility, from 2003 to 2009. Prior to this he was Executive Vice President Finance and Chief Financial Officer of BC Hydro (2002 – 2003), Powerex (2001-2002), a subsidiary of BC Hydro, and Eldorado Gold Corporation (1996-2001) (TSX: “ELD”; NYSE “EGO”; ASX: “EAU”). Mr. Elton spent over 20 years with PriceWaterhouseCoopers and predecessor firms, becoming Partner in 1987 before leaving the firm in 1996. He is a Fellow of the Institute of Chartered Accountants in British Columbia and has a Master of Arts degree from Cambridge University, U.K.

Erik Olsson

Mr. Erik Olsson is an Independent Director of Ritchie Bros. Auctioneers Inc. Mr. Olsson is currently President, Chief Executive Officer and a Director of Mobile Mini, Inc. (NASDAQ-GS: MINI), the world's provider of portable storage solutions. Mr. Olsson had been President, Chief Executive Officer, and a Director of RSC Holdings, Inc., a premier provider of rental equipment in Canada and the United States, prior to their acquisition by United Rentals, Inc. in April 2012. Previously he had served as Chief Financial Officer and Chief Operating Officer of RSC Holdings, Inc. In addition, he held various senior positions in the United States, Brazil, and Sweden in his 13 years with industrial equipment maker Atlas Copco AB, an industrial group with positions in compressors, construction and mining equipment. He holds a degree in Business Administration and Economics from the University of Gothenburg.

Eric Patel

Mr. Eric Patel is an Independent Director of Ritchie Bros. Auctioneers Inc. Mr. Patel is currently a business consultant and corporate director. He was previously Chief Financial Officer of Pembrook Mining Corp., a private mining company, from 2007 until 2010. Prior to joining Pembrook, Mr. Patel was the Chief Financial Officer of Crystal Decisions, Inc., a privately held software company. Mr. Patel joined Crystal Decisions in 1999 after holding executive level positions, including that of Chief Financial Officer, with University Games, Inc., a privately held manufacturer of educational toys and games. Before 1997, Mr. Patel worked for Dreyer’s Grand Ice Cream as Director of Strategy, for Marakon Associates strategy consultants and for Chemical Bank. Mr. Patel holds an MBA degree from Stanford University and a Bachelor of Arts degree from Brown University.

Edward Pitoniak

Mr. Edward Baltazar Pitoniak is an Independent Director of Ritchie Bros. Auctioneers Inc. Mr. Pitoniak is currently a corporate director. Mr. Pitoniak retired in 2009 from the position of President and Chief Executive Officer and Director of bcIMC Hospitality Group, a hotel property and brand ownership entity (formerly a public income trust called Canadian Hotel Income Properties Real Estate Investment Trust (CHIP) – TSX: “HOT.un”), where he was employed since January 2004. Mr. Pitoniak was also a member of CHIP’s Board of Trustees before it went private. Prior to joining CHIP, Mr. Pitoniak was a Senior Vice-President at Intrawest Corporation (TSX: “ITW”; NYSE “IDR” – a ski and golf resort operator and developer) for nearly eight years. Before Intrawest, Mr. Pitoniak spent nine years with Times Mirror Magazines, where he served as editor-in-chief and advertising director with Ski Magazine. Mr. Pitoniak has a Bachelor of Arts degree from Amherst College.

Christopher Zimmerman

Mr. Christopher Zimmerman serves as an Independent Director of Ritchie Bros. Auctioneers Inc. Mr. Zimmerman is currently Principal of Bonfire Ventures, a business consultancy focused on developing disruptive growth strategies. Prior to this, he was President of Easton Sports, a designer, developer and marketer of sports equipment and accessories. Prior to joining Easton Sports, Mr. Zimmerman was President and Chief Executive Officer of Canucks Sports and Entertainment, a sports entertainment company in Vancouver, B.C, from 2006 until 2009. Before joining Canucks Sports and Entertainment, Mr. Zimmerman was the President and Chief Executive Officer of Nike Bauer Inc., a hockey equipment company. Prior to this appointment in March 2003, Mr. Zimmerman was General Manager of Nike Golf USA. He joined Nike Golf in 1998 after spending 16 years in a variety of senior advertising positions, including USA Advertising Director for the Nike Brand and Senior Vice President at Saatchi and Saatchi Advertising in New York. Mr. Zimmerman has an MBA from Babson College.

Jamie Kokoska