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Ann Fandozzi to become CEO of Ritchie Bros.
Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer and a leading used equipment seller, announced that Ann Fandozzi will become Chief Executive Officer and join the Company’s Board of Directors, effective January 6th, 2020. Most recently, Fandozzi was CEO of ABRA Auto Body & Glass, a national damaged vehicle repair company, where she engineered a step-change in profitability and laid the foundation for an all-new customer experience through technology. “Ann is an exceptional leader with a proven track record of designing and executing winning strategies and driving profitable growth”, said Bev Briscoe, Chair of the Board. “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.” Briscoe added: “We would like to thank Sharon Driscoll, Chief Financial Officer, 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.” “I am honored and excited to lead Ritchie Bros. at an important time in the Company’s history,” said Fandozzi. “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.” About Ann Fandozzi Fandozzi was CEO of ABRA Auto Body and Glass (2016 to 2019). Prior to joining ABRA, 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. Prior to these CEO roles, Fandozzi served in several executive positions for Whirlpool, including eBusiness, Direct-to-Consumer, and Sears/Kenmore. Fandozzi joined Whirlpool from 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. Ann is also a frequent speaker on technology, transportation, and green/environmental topics. She holds a Bachelor of Science degree in Computer Engineering from Stevens Institute of Technology, a Master of Science degree in Systems Engineering from University of Pennsylvania and an MBA from The Wharton School of the University of Pennsylvania.
Ritchie Bros. PriorityBid now lets bidders set up Online Proxy Bids a week before auctions
PriorityBid feature lets buyers make proxy bids online for items in live auctions up to a week before the sale, putting them first in line to win the item, provided no one outbids them Ritchie Bros. wants to make buying equipment easier than ever. With its new PriorityBid feature, buyers will be able to make proxy bids online for items in its live auctions up to a week before the sale. These PriorityBids put them first in line to win the item, provided no one outbids them. “Launched in mid-August, PriorityBid has quickly become a valuable feature for our live auction customers — allowing them to set a max bid on an item, go back to work, and let the system bid for them,” said Ravi Saligram, Chief Executive Officer, Ritchie Bros. “PriorityBid also provides us increased insight into demand ahead of the auction, which is extremely valuable information for us and our sellers as it allows us to be more nimble in optimizing our marketing efforts right up to the day of the auction. We believe this will take online bidding in our live auctions to the next level.” Since it was launched in mid-August, more than 25,000 PriorityBids have been made, with approximately 45% of those bids coming through Ritchie Bros.’ mobile application. “I’m so busy, I don’t have time to sit all day long waiting for my items to come up for bidding. PriorityBid makes buying so much easier for me,” said Warren Halle of Halle Companies, who bought a Sandvik QJ340 jaw crusher with PriorityBid at a recent Houston auction. “I’ve bought millions of dollars’ worth of equipment through IronPlanet with PriorityBid over the years. It’s great to have this feature now available for Ritchie Bros. live auctions as well.” “PriorityBid was initially introduced on IronPlanet; its recent implementation with our live auctions now provides customers a more consistent buying experience across platforms,” said Matt Ackley, Chief Marketing Officer, Ritchie Bros. “As we continue to leverage our technology capabilities, capitalizing on online buying trends, we will become more flexible, allowing us to meet the diverse needs of our customer base. For example, the PriorityBid experience in our mobile app is the ultimate example of convenience for our buyers — they can place bids while they’re in the yard inspecting the equipment at our sites. It’s that simple.” How it works Submit a maximum bid, and the PriorityBid system will bid the lowest amount required for you to win, up to your max bid. Bids are confidential and the system will only raise your bid if someone outbids you. If you’re outbid, you’ll receive an email notification. In the case of a tie, the first bid placed wins. To learn more, visit rbauction.com/PriorityBid.