RBA

RB Global Appoints Steve Lewis as COO

RB Global, Inc. has announced the appointment of Steve Lewis as the new Chief Operating Officer, effective September 3, 2024. Lewis brings extensive senior leadership experience in operations and supply chain management, having previously served as division president at GXO Logistics, a leading provider of freight transportation services. Prior to that, he held leadership positions at XPO Logistics and Penn Power Group, and he is also a retired U.S. Naval officer with over 20 years of operations and supply chain experience.

RB Global, Inc. (NYSE: RBA) (TSX: RBA) operates as a leading omnichannel marketplace providing value-added insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. The company's portfolio of brands includes Ritchie Bros., IAA, Rouse Services, SmartEquip, Xcira, and VeriTread.

RB Global's marketplace brands serve customers in more than 170 countries across various asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining, and agriculture. The company's digital platform and auction sites operate in 14 countries, offering online bidding for commercial assets and vehicles.

Steve Lewis expressed his enthusiasm to join RB Global, emphasizing the company's commitment to operational excellence to drive growth and create meaningful value for the business. RB Global CEO Jim Kessler welcomed Lewis to the company, highlighting his proven track record of developing and deploying operating systems that support profitable growth and performance in various industry verticals worldwide.

RB Global's focus on operational excellence and growth through the appointment of Steve Lewis as COO aligns with the company's ongoing commitment to delivering value to its customers, clients, partners, and team members. Following these announcements, the company's shares moved -2.2%, and are now trading at a price of $84.94. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

IN FOCUS