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WESTCHESTER, Ill. – 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 September 3, 2024. Mr. Lewis brings his leadership experience Extensive senior 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 around the world,” said Jim Kessler, CEO of RB Global. “His diverse experience, commitment to accelerating delivery, and ability to efficiently scale operations will add significant value to our leadership team as we continue to focus on our partners and implement operational excellence across the organization. On behalf of the Board and management team, I happy to welcome him to the company.
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“Quarter after quarter, RB Global has demonstrated its continued commitment to operational excellence to drive growth and create meaningful value for the business,” Mr Lewis said. “Together with Jim and the rest of the leadership team, I look forward to taking an active role in 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 operational processes, technological capabilities and safety standards in more than 120 distribution centers – across multiple verticals and products – including industrial, manufacturing and automotive. He also previously held leadership positions at XPO Logistics, a provider of freight transportation services, and Penn Power Group, a provider of fleet services for road equipment, transportation refrigeration and power generation. Mr. Lewis is a retired US Naval Officer, with over 20 years of operations and supply chain experience in the areas of product development, continuous improvement and life cycle logistics.
Mr. Lewis is a member of the Supply Chain Advisory Board at the University of Kansas. He earned a bachelor’s 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 providing value-added transaction insights, services and solutions to buyers and sellers of commercial assets and vehicles worldwide. Through auction sites in 14 countries and digital platforms, RB Global serves customers in more than 170 countries across multiple asset classes, including automotive, commercial transportation, construction, government surplus, material handling and handling, energy, mining and agriculture. The company’s marketplace brands include Ritchie Bros., the world’s largest auctioneer of commercial assets and commercial vehicles offering online bidding, and IAA, a global digital marketplace that connects vehicle buyers and sellers. The RB Global brand portfolio also includes Rouse Services, which provides a comprehensive asset management, data intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customer equipment lifecycle management and integrates parts procurement with OEMs and dealers; Xcira, a leader in live simulcast auction technology; and VeriTread, an online marketplace for heavy haulage transportation.
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Forward-Looking Statement
Certain statements contained in this release constitute “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 usually identified by words such as “intend”, “anticipate”, “believe”, “may”, “continue”, “estimate”, “expect”, “expect”, “could”, “continue”, “plan”, “potential”, “prediction”, “will”, “anticipate”, “must”, “would”, “could”, “likely”, “general”, “future”, “long term”, “foresees”, “estimates”, “opportunities” or the negative of these terms, and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. These statements are based on our current expectations and estimates regarding our business and markets, and may include, among other things, statements related to the appointment of M. Steve Lewis as Chief Operating Officer, our strategies, goals, targets, projections and future performance and statements the rest is not a historical fact. There is no certainty as to whether any of the events anticipated by the forward-looking statements will occur or occur, or if they do, what effect they will have on the results of operations and financial condition of the combined company or the price of RB Global. common stock. Accordingly, you should not place undue reliance on these statements, and exercise caution when relying on forward-looking statements. While RB Global’s management believes that 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, which could cause actual results to differ materially. – different from what is shown in the above. -looking statements, including but not limited to: our results of operations, strategies and plans; potential adverse reactions or changes to our business or employee relations; our ability to integrate acquisitions (including IAA, Inc.), diversion of management time on transaction-related issues; RB Global’s ability to retain and hire key personnel and employees; significant costs associated with the merger; the outcome of any legal proceedings that may be brought against RB Global; changes in capital markets and the company’s ability to generate cash flow and/or financial operations in the expected manner or reduce the expected time; failure of RB Global to meet financial forecasts and/or KPI targets; legislative, regulatory and economic developments affecting RB Global’s business; general economic and market developments and conditions; the evolving legal, regulatory and tax regime in RB Global; unpredictability and severity of catastrophic events, including, but not limited to, pandemics, acts of terrorism or outbreaks of war or hostilities, as well as RB Global’s response to any of the above factors. Other risks that could cause actual results to differ materially from those described in forward-looking statements include RB Global’s periodic reports and other filings with the Securities and Exchange Commission (“SEC”) and/or applicable Canadian securities regulatory authorities, including . risk factors identified in Section I, Item 1A “Risk Factors” in RB Global’s most recent Annual Report on Form 10-K for the year ended December 31, 2023. this date. While the list of factors presented here is considered representative, none of these lists should be considered a complete statement of all risks and uncertainties. Many of these risk factors are beyond our control, and therefore, include currently unknown risks that could cause actual results to differ materially from those discussed or implied herein. RB Global does not undertake any obligation to update forward-looking statements to reflect actual results, new information, future events, changes in expectations or other circumstances that exist after the date on which forward-looking statements are made, except as required by the law.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20240828435409/en/
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Contact Global RB
Media Question:
Val Alitovska RB Global, Inc.
Director, Corporate Communications
(312) 505-9900
valitovska@rbglobal.com
Analyst Questions:
Sameer Rathod RB Global, Inc.
VP, Investor Relations/Market Intelligence
(510) 381-7584
srathod@rbglobal.com
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