RB Global, Inc. (NYSE: RBA) (TSX: RBA), the trusted global
marketplace for insights, services and transaction solutions for
commercial assets and vehicles, today announced the appointment of
Steve Lewis as Chief Operating Officer, effective Sept. 3, 2024.
Mr. Lewis brings extensive senior leadership experience in
operations and supply chain management, as well as a honed approach
to driving business growth through operational excellence.
“Steve has a proven track record of developing and deploying
operating systems that support profitable growth and performance in
a variety of industry verticals worldwide,” said Jim Kessler, CEO
of RB Global. “His diverse experience, commitment to speed of
delivery, and ability to scale efficient operations will add
significant value to our leadership team as we continue to focus on
our partners and instill operating excellence across the
organization. On behalf of the Board and management team, I am
delighted to welcome him to the company.”
“Quarter after quarter, RB Global has demonstrated its ongoing
commitment to operational excellence to drive growth and create
meaningful value for the business,” said Mr. Lewis. “Together with
Jim and the rest of the leadership team, I look forward to taking
an active role in delivering on that mission for all of RB Global’s
customers, clients, partners and team members.”
Prior to RB Global, Mr. Lewis served as Division President at
GXO Logistics, where he was responsible for the operational
processes, technological capabilities and safety standards at more
than 120 distribution centers – across numerous verticals and
products – including industrial, manufacturing and automotive. He
also previously held leadership positions at XPO Logistics, a
leading provider of freight transportation services, and Penn Power
Group, a provider of fleet services for highway equipment,
transport refrigeration and power generation. Mr. Lewis is a
retired U.S. Naval Officer, with over 20 years of operations and
supply chain experience in the areas of product development,
continuous improvement and lifecycle logistics.
Mr. Lewis is a member of the Supply Chain Advisory Board at the
University of Kansas. He holds an undergraduate degree from
Chaminade University and a Master of Managerial Economics from the
University of Oklahoma.
About RB Global
RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel
marketplace that provides value-added insights, services and
transaction solutions for buyers and sellers of commercial assets
and vehicles worldwide. Through its auction sites in 14 countries
and digital platform, RB Global serves customers in more than 170
countries across a variety of asset classes, including automotive,
commercial transportation, construction, government surplus,
lifting and material handling, energy, mining and agriculture. The
company’s marketplace brands include Ritchie Bros., the world’s
largest auctioneer of commercial assets and vehicles offering
online bidding, and IAA, a leading global digital marketplace
connecting vehicle buyers and sellers. RB Global’s portfolio of
brands also includes Rouse Services, which provides a complete
end-to-end asset management, data-driven intelligence and
performance benchmarking system; SmartEquip, an innovative
technology platform that supports customers’ management of the
equipment lifecycle and integrates parts procurement with both OEMs
and dealers; Xcira, a leader in live simulcast auction
technologies; and VeriTread, an online marketplace for heavy haul
transport.
Forward-Looking Statements
Certain statements contained in this release include
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933 (the “Securities Act”) and Section 21E
of the Securities Exchange Act of 1934 (the “Exchange Act”) and
Canadian securities laws. Forward-looking statements are typically
identified by such words as “aim”, “anticipate”, “believe”,
“could”, “continue”, “estimate”, “expect”, “intend”, “may”,
“ongoing”, “plan”, “potential”, “predict”, “will”, “anticipates”,
“should”, “would”, “could”, “likely”, “generally”, “future”,
“long-term”, “foresees”, “estimates”, “opportunity” or the negative
of these terms, and similar expressions intended to identify
forward-looking statements. Forward-looking statements are based on
current expectations and assumptions that are subject to risks and
uncertainties that may cause actual results to differ materially.
These statements are based on our current expectations and
estimates about our business and markets, and may include, among
others, statements relating to the appointment of M. Steve Lewis as
Chief Operating Officer, our future strategy, objectives, targets,
projections and performance and other statements that are not
historical facts. It is uncertain whether any of the events
anticipated by the forward-looking statements will transpire or
occur, or if any of them do, what impact they will have on the
results of operations and financial condition of the combined
companies or the price of RB Global’s common shares. Therefore, you
should not place undue reliance on any such statements, and caution
must be exercised in relying on forward-looking statements. While
RB Global’s management believes the assumptions underlying these
forward-looking statements are reasonable, these forward-looking
statements involve certain risks and uncertainties, many of which
are beyond RB Global’s control, that could cause actual results to
differ materially from those indicated in such forward-looking
statements, including but not limited to: our results of
operations, strategy and plans; potential adverse reactions or
changes to our business or employee relationships; our ability to
integrate acquisitions (including IAA, Inc. ), the diversion of
management time on transaction-related issues; the ability of RB
Global to retain and hire key personnel and employees; the
significant costs associated with the merger; the outcome of any
legal proceedings that could be instituted against RB Global;
changes in capital markets and the ability of the company to
generate cash flow and/or finance operations in the manner expected
or to de-lever in the timeframe expected; the failure of RB Global
to meet financial forecasts and/or KPI targets; legislative,
regulatory and economic developments affecting the business of RB
Global; general economic and market developments and conditions;
the evolving legal, regulatory and tax regimes under which RB
Global operates; unpredictability and severity of catastrophic
events, including, but not limited to, pandemics, acts of terrorism
or outbreak of war or hostilities, as well as RB Global’s response
to any of the aforementioned factors. Other risks that could cause
actual results to differ materially from those described in the
forward-looking statements are included in RB Global’s periodic
reports and other filings with the Securities and Exchange
Commission (“SEC”) and/or applicable Canadian securities regulatory
authorities, including the risk factors identified under Part I,
Item 1A “Risk Factors” in RB Global’s most recent Annual Report on
Form 10-K for the year ended December 31, 2023. The forward-looking
statements included in this release are made only as of the date
hereof. While the list of factors presented here is considered
representative, no such list should be considered to be a complete
statement of all potential risks and uncertainties. Many of these
risk factors are outside of our control, and as such, they involve
risks which are not currently known that could cause actual results
to differ materially from those discussed or implied herein. RB
Global does not undertake any obligation to update any
forward-looking statements to reflect actual results, new
information, future events, changes in its expectations or other
circumstances that exist after the date as of which the
forward-looking statements were made, except as required by
law.
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RB Global Contacts
Media Inquiries: Val Alitovska | RB Global, Inc.
Director, Corporate Communications (312) 505-9900
valitovska@rbglobal.com
Analyst Inquiries: Sameer Rathod | RB Global, Inc. VP,
Investor Relations/Market Intelligence (510) 381-7584
srathod@rbglobal.com
RB Global (NYSE:RBA)
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