Ritchie Bros. appoints Ann Fandozzi as CEO

New head “brings a strong customer focus, deep experience in technology, and outstanding management capabilities”, says Ritchie Bros.

Ritchie Bros. Auctioneers has appointed Ann Fandozzi as its new chief executive officer and a member of its board of directors effective from January 6th, next year.

The world’s largest industrial auctioneer and used equipment seller said in a statement that Fandozzi will also join the company’s Board of Directors from the same date.

A statement from Ritchie Bros. said that most recently, Fandozzi was CEO of ABRA Auto Body & Glass, a damaged vehicle repair company, where she engineered a step-change in profitability and laid the foundation for an all-new customer experience through technology.

Bev Briscoe, chair of the board at Ritchie Bros. 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 Sharon Driscoll, CFO, and Karl Werner, president, International, for their commitment and oversight as Co-CEOs 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 holds a Bachelor of Science degree in computer engineering from Stevens Institute of Technology, a Master of Science degree in systems engineering from the University of Pennsylvania and an MBA from The Wharton School of the University of Pennsylvania. Prior to being the CEO of ABRA Auto Body and Glass from 2016 to 2019, she was the CEO of vRide (2012 to 2016), a carpooling platform that works with private and public employers to save their employees time and money.

Fandozzi has also served in several executive positions for Whirlpool, and Sears/Kenmore. She has also previously worked with DaimlerChrysler, where she led the Global Family Vehicle business and is credited with the invention and development of the Stow-N-Go fold flat seats. Earlier in her career, she gained significant experience in consumer marketing, product development and engineering at Ford Motor Company, McKinsey & Company and Lockheed Martin Corporation. She served on the board of Pinnacle Foods, a publicly traded packaged food company that was acquired by ConAgra, and is a board member of Ghost Robotics, a robotics start-up.

“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.”

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