WESTCHESTER, Ill., Dec. 12,
2023 /CNW/ - RB Global, Inc. (NYSE: RBA) (TSX: RBA),
a trusted global marketplace for insights, services and transaction
solutions for commercial assets and vehicles, today announced the
appointment of Eric J. Guerin as
Chief Financial Officer, effective January
15, 2024. Mr. Guerin brings extensive senior executive
financial leadership experience, most recently serving as the Chief
Financial Officer of Veritiv Corporation, a leading distributor of
packaging, facility solutions and print products, until its
acquisition in November of 2023.
"Eric joins RB Global with a proven record of working
hand-in-hand with the sales and operational teams to drive
profitable growth and market share gains," said Jim Kessler, CEO of RB Global. "His leadership
and finance experience, including with other logistics and
technology services companies, will be valuable as we work to
optimize RB Global's business and instill operating excellence
across the organization. I am confident Eric will be a strong fit
with our ONE Team—All In culture, and on behalf of the Board and
management team, am delighted to welcome him to the
Company."
"RB Global has transformed into a leading, omnichannel
marketplace well positioned for considerable, profitable growth and
value creation," said Mr. Guerin. "I look forward to working
alongside Jim and the rest of the talented team to build on the
Company's momentum by setting new service and solutions benchmarks
and ensuring we overdeliver on the commitments we make to all of RB
Global partners."
Prior to Veritiv, Mr. Guerin served as Executive Vice President
and Chief Financial Officer of CDK Global, Inc., a provider of
retail technology and software-as-a-service solutions to the
automotive, heavy truck, recreation, and heavy equipment
industries. Mr. Guerin previously served as Division Vice
President, Finance for Corning Incorporated, a provider of
specialty glass, ceramics and related materials and technologies
for industrial and scientific applications. Earlier in his career,
Mr. Guerin served in a number of financial management roles for
various public companies, including Flowserve Corporation, Novartis
and Johnson & Johnson.
Mr. Guerin currently serves as a member of the board of
directors for Skyworks Solutions, Inc., an innovator of
high-performance analog semiconductors connecting people, places
and things, and previously served on the Board of Directors of
Natus Medical, a provider of medical equipment, software and
services.
Mr. Guerin obtained a Master of Business Administration from
St. John's University and a Bachelor of
Science in Accounting from the College of
Staten Island. He has also held Certified Public Accountant
and Certified Management Accountant designations.
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 information
within the meaning of Canadian securities legislation and
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, Section 21E of the Securities
Exchange Act of 1934, as amended, and the Private Securities
Litigation Reform Act of 1995 (collectively, "forward-looking
statements"). Forward-looking statements may include statements
relating to expected future growth and financial results and
changes to the Company's leadership team. 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 RBA'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 RBA's management believe the
assumptions underlying the forward-looking statements are
reasonable, these forward-looking statements involve certain risks
and uncertainties, many of which are beyond RBA's control, that
could cause actual results to differ materially from those
indicated in such forward-looking statements, including but not
limited to: the risk factors identified under Item 1A "Risk
Factors" and the section titled "Summary of Risk Factors" in RBA's
most recent Annual Report on Form 10-K for the fiscal year ended
December 31, 2022 as well as in
subsequent periodic reports filed on Form 10-Q, and IAA's periodic
reports and other filings with the SEC, including the risk factors
identified under Item 1A "Risk Factors" and the section titled
"Summary of Risks Affecting our Business" in IAA's most recent
Annual Report on Form 10-K for the fiscal year ended January 1, 2023. The forward-looking statements
included in this release are made only as of the date hereof. RBA
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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SOURCE RB Global