WESTCHESTER, Ill., March 18,
2024 /CNW/ - 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 Nancy
King as Chief Technology Officer, effective June 3, 2024. Ms. King brings extensive hands-on
information technology leadership experience in Fortune 100
organizations.
Most recently, she served as the Sr. Vice President of Product
Engineering at Target, driving the overall vision, strategy and
talent development for product engineering. She joined Target in
2005 and has played a leading role in the retailer's technology
transformation and growth, including leading the tech strategy for
Target's mobile apps, website, marketplace and capability
services.
"Nancy is a thoughtful and driven leader – an innovator and
culture builder who brings strong vision and delivers solutions
that deepen relationships with customers to ultimately gain market
share," said Jim Kessler, CEO of RB
Global. "Her leadership in this role will help strengthen the
foundation of technology across RB Global, aligning our teams and
priorities to the needs of the business and industry and deepening
a collaborative and curious culture that learns and remains
market-leading."
"It's an exciting time to join RB Global, as it continues to
invest in technology and establish itself as the leading,
omnichannel marketplace for commercial assets and vehicles," said
Ms. King. "I look forward to working alongside Jim, the leadership
team and the rest of the talented IT organization as we collaborate
to build on RB Global's culture of trust and transparency to
deliver on the commitments we make to all of our clients, customers
and industry partners."
Ms. King is also a champion for inclusivity and belonging both
at work and within her local community. She served as executive
sponsor for TWIST – Target Women in Science and Technology, a
volunteer network of 200+ women passionate about encouraging girls
and young women to pursue STEM careers. She also helped launch a
development initiative, the Emerging Engineers Program, to support
nontraditional pathways to engineering careers.
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 Nancy King as RB Global's Chief Technology
Officer, and other subjects of this release on our business and
plans regarding our growth strategies, and to our customers and
company generally, and other aspects of RB Global's businesses,
operations, financial condition or operating results 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 believe
the assumptions underlying the 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: results of operations, strategy and plans; potential
adverse reactions or changes to business or employee relationships;
our ability to integrate acquisitions (including IAA, Inc.
("IAA")), 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 Item 1A "Risk Factors" and the section
titled "Summary of Risk Factors" in RBA's most recent Annual Report
on Form 10-K filed on February 28,
2024 for the fiscal 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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SOURCE RB Global
