Board of Directors

Erik Olsson, Chair of the Board

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Erik Olsson has been a member of the Company's Board since 2013 and was appointed as Chair of the Board on May 5, 2020. He was appointed Vice-Chair of the Board in August 2019. Mr. Olsson's experience in senior leadership positions, as well as his knowledge of the equipment industry in general, provides important insight to our Board on the Company's strategic planning and operations. Further, his experience as a member of another public company board provides him with an enhanced perspective on issues applicable to public companies. Mr. Olsson currently serves as Chairman of the Board of Directors of MobileMini, Inc., the world's leading provider of portable storage solutions, where Mr. Olsson previously served as President, Chief Executive Officer and as Director from 2013 until October 2019. Prior to that Mr. Olsson was President, Chief Executive Officer, and a Director of RSC Holdings, Inc., a premier provider of rental equipment in North America, from 2006 until its acquisition by United Rentals, Inc. in April 2012. Prior to that he served as Chief Financial Officer and Chief Operating Officer of RSC Holdings, Inc. In addition, he held various senior positions in the United States, Brazil, and Sweden in his 13 years with industrial group Atlas Copco AB, a mining equipment maker. Mr. Olsson holds a degree in Business Administration and Economics from the University of Gothenburg.

Ann Fandozzi

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Ann Fandozzi joined Ritchie Bros. in 2020 as Chief Executive Officer. Prior to joining Ritchie Bros., Ms. Fandozzi was CEO of ABRA Auto Body and Glass from 2016 to 2019, and previously to that role, from 2012 to 2016, was CEO of vRide, a carpooling platform that works with private and public employers. Prior to these CEO roles, Ms. Fandozzi served in several executive positions for Whirlpool, including eBusiness, Direct-to-Consumer, and Sears/Kenmore. Ms. 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. Ms. Fandozzi served on the board of Pinnacle Foods, a publicly traded packaged food company that was acquired by ConAgra, and now serves on the boards of directors of both Ghost Robotics, a robotics start-up, and Trimble (NASDAQ: TRMB), a hardware, software and services technology company, she is also a member of their compensation committee. Ms. Fandozzi is also a frequent speaker on technology, transportation, and green/environmental topics.

Ms. Fandozzi 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.

Adam DeWitt

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Adam DeWitt was appointed to the Ritchie Bros. Board in 2020. He is currently a member of the Company’s Audit Committee. Mr. DeWitt’s experience in senior executive positions during the past 15 years brings strong leadership and management skills to the Company. Mr. DeWitt is the Chief Executive Officer of Grubhub, Inc. where he has led all functions of the U.S. business since June 2021. Prior to this role, Mr. DeWitt was Grubhub’s President (since 2018) and Chief Financial Officer (since 2011). During his tenure of a decade at the company, Grubhub’s annual revenues have grown from $20 million to more than $2 billion, and he led the company through its initial public offering in 2014. Before joining Grubhub, Mr. DeWitt was the Chief Financial Officer of publicly-traded optionsXpress Holdings, Inc. Mr. DeWitt serves on the board of directors and audit committee of Fathom Digital Manufacturing Corp. (NYSE: FATH), a leading on demand digital manufacturing platform. He is also a member of the board of directors of The Joffrey Ballet, and is the treasurer and member of the board of trustees of the Bernard Zell Anshe Emet Day Schoo

Mr. DeWitt holds a B.A. in Economics from Dartmouth College.

Robert Elton

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Bob Elton was elected to the Ritchie Bros. Board in 2012. He is currently Chair of the Company's Audit Committee and a member of the Compensation Committee. Bob is currently a corporate director and an adjunct professor at the University of British Columbia's Sauder School of Business. Mr. Elton held executive roles at Vancouver City Savings Credit Union from 2013 to 2017 including Chief Financial Officer and Chief Risk Officer. Between 2001 and 2009, Mr. Elton held a number of positions at BC Hydro, a government-owned electric utility, including President and Chief Executive Officer and EVP Finance and Chief Financial Officer. He was also CFO at Eldorado Gold Corporation from 1996 until 2001 (TSX: "ELD"; NYSE "EGO"; ASX: "EAU"). Bob spent over 20 years with PriceWaterhouseCoopers and predecessor firms, becoming Partner in 1987 before leaving the firm in 1996. He is a Fellow of the Canadian Chartered Professional Accountants (FCPA.FCA) and has a Master of Arts degree from Cambridge University, U.K. Bob is a director and chair of a number of not for profit Boards as well as Director and Chair of the Human Resources Committee for Corix Utilities, a private infrastructure company.

Lisa Hook

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Lisa Hook was appointed to the Ritchie Bros. Board in 2021. She is a member of the Compensation Committee and the Nominating & Corporate Governance Committee. Ms. Hook served as president and chief executive officer of Neustar, Inc., a technology company, from October 2010 until July 2018 and as president and chief operating officer from January 2008 until October 2010. She joined the Neustar board in 2010 and continued to serve in that capacity until July 2019. Prior to Neustar, Ms. Hook served as president and chief executive officer of Sunrocket, Inc., a VoIP provider; held several executive-level posts at America Online, Inc., an online services company; was a partner at Brera Capital Partners, a global private equity investment firm; was managing director of Alpine Capital Group, LLC, an investment banking firm; held several executive positions at Time Warner, Inc., a telecommunications company; was legal advisor to the Chairman of the Federal Communications Commission; and was a senior attorney at Viacom International, Inc., a production and broadcasting company. Ms. Hook serves on the boards of Philip Morris International, a publicly-traded leading international tobacco company and is the Chair of the Consumer Relationships and Regulation Committee; and Fidelity National Information Services Inc., a publicly-traded global leader in banking and payment solutions and is the Chair of the Risk and Technology Committee.

Ms. Hook holds a Bachelor of Arts in Public Policy from Duke University and a Juris Doctor degree from Dickinson Law School.

Sarah Raiss

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Sarah Raiss has been a director for Ritchie Bros. since 2016. She is currently the Chair of the Company's Nominating and Corporate Governance Committee and is a member of the Audit Committee. Ms. Raiss retired from TransCanada Corporation in 2011, where she was Executive Vice President of Corporate Services, and was responsible for human resources; information systems; aviation, building and office services; real estate; organizational excellence; communications; branding; and health and wellness. She is a seasoned corporate director and is currently a corporate director at Loblaw Companies as Chair of the Pension Committee and member of the Corporate Governance Committee and at Commercial Metals Company where she is Chair of the Nominations and Governance Committee and past chair of the Compensation Committee. She is a past director of Vermilion Energy, Canadian Oil Sands and Shopper's Drug Mart. She has served on a number of other corporate boards as well as on numerous not-for-profit boards..

Ms. Raiss holds a Bachelor of Science in Applied Mathematics and an MBA from the University of Michigan. Ms. Raiss was recognized for her contributions and leadership in corporate governance and named to the 2015 National Association of Corporate Directors ‘Directorship 100', which honors the most influential boardroom leaders each year. She also holds the ICD.D designation.

Mahesh Shah

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Mahesh Shah was elected to the Ritchie Bros. Board in 2022.  He is currently a member of the Company’s Audit Committee.  Mr. Shah is a transformative technology executive. Mr. Shah currently serves as EVP & Chief Technology and Products Officer at CDK Global, Inc. Prior to taking on this role in 2019, Mr. Shah served as SVP & GM, Applications & Global Business Process Services at DXC Technology Company from 2017 to 2019. Prior to that, Mr. Shah held various senior positions at Hewlett Packard, Inc. from 2001 to 2017, including VP & GM, Acquisitions & Divestitures Technology Services (2015-2017), CIO & IT Separation Leader (2013-2015), VP, Product Research & Development & IT (2012-2013), and Executive Director, Security Product Management & Development (2011-2012) and IBM Corporation from 1996 to 2001.

Mr. Shah holds a Bachelor of Commerce from Concordia University and an Executive MBA from Northwestern University – Kellogg School of Management.

Carol Stephenson

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Carol Stephenson was elected to the Ritchie Bros. Board in 2022.  She is currently a member of the Company’s Compensation Committee and Nominating and Corporate Governance Committee.  Ms. Stephenson served as Dean of the Ivey Business School at Western University from 2003 until her retirement in 2013. Prior to joining the Ivey Business School, she was President and CEO of Lucent Technologies Canada from 1999 to 2003 and a member of the Advisory Board of General Motors of Canada, Limited, a GM subsidiary, from 2005 to 2009. Ms. Stephenson has been a board member of General Motors Corporation (NYSE: GM) since 2009 where she currently serves as Chair of the Compensation Committee, of Maple Leaf Foods, Inc. (TSE: MFI) since 2016 where she currently serves as Chair of the Corporate Governance Committee, and of Mattamy Asset Management since 2020. Ms. Stephenson has previously served on the boards of Ballard Power Systems, Inc. (2012 to 2017), Intact Financial Corporation (2004 to 2021), Manitoba Telecom Services, Inc. (2008 to 2016) and Sears Canada, Inc. (2001 to 2006). Ms. Stephenson is an officer of the Order of Canada.

Ms. Stephenson is a graduate of the University of Toronto. She completed the Executive Program at the Graduate School of Business Administration, University of California and the Advanced Management Program at Harvard University. She holds honorary 3edoctorates from Ryerson Polytechnic University and Western University.

Christopher Zimmerman

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Chris Zimmerman was elected to the Company's Board in 2008 and is currently a member of the Company's Nominating & Corporate Governance Committee. Mr. Zimmerman is President and CEO of Business Operations for the St. Louis Blues. Prior to this, he served as President of Easton Sports, Inc., a designer, developer and marketer of sports equipment and accessories. He resigned in 2009 from the position of President and Chief Executive Officer of Canucks Sports and Entertainment, a sports entertainment company in Vancouver, B.C. Before joining the Canucks organization, Mr. Zimmerman was the President and Chief Executive Officer of Nike Bauer Inc., a hockey equipment company. Prior to this appointment in March 2003, Mr. Zimmerman was General Manager of Nike Golf USA, in Beaverton, Oregon. He joined Nike Golf in 1998 after spending 16 years in a variety of senior advertising positions, including USA Advertising Director for the Nike Brand and Senior Vice President at Saatchi and Saatchi Advertising in New York. Mr. Zimmerman has an MBA degree from Babson College.