Today Peterbilt Motors Company announced the appointment of Kate Rahn as the head of Sales and Marketing for Canada.
Ritchie Bros. CEO to step down in October
Ritchie Bros. Auctioneers has announced that Ravi Saligram, Chief Executive Officer and Board member has informed the Board of Directors that he will step down from his positions effective October 1, 2019.
The company says that the Board will conduct a thorough, thoughtful search for Ravi's successor and has engaged a leading executive search firm to assist in the process, which will consider both external and internal candidates.
Bev Briscoe, Chair of the Board, said, "Over the past five years, Ravi has led the transformation of the Company, building on its strength as a live auction company to become a world leader in providing solutions to customers for their equipment needs. With the acquisition of IronPlanet and its successful integration, Ravi leaves us with a robust platform and strategy firmly in place for continued profitable growth. Importantly, Ravi has assembled and developed a talented and diverse team that is deeply committed to the Company, its customers and its values of integrity, teamwork and stakeholder value."
"With the Company on a strong strategic course with the right technologies, tools and capabilities to succeed, Ravi has decided to return to his family in the United States. A search is underway for a leader with a proven track record of execution to accelerate sustainable, profitable growth and take the Company to new levels of success. The Board thanks Ravi for his exceptional leadership over these past five years and his commitment to working with the Board toward a smooth transition."
Saligram said, "Leading Ritchie Bros. has been both my passion and my honour. We have shifted the paradigm from being the world's largest live auction company to a multi-channel, technology enabled equipment asset management and disposition platform. We have built a strong foundation for the future with our live auction and online prowess, digital expertise and data analytics capabilities. We have formed the best management team in our industry, with a diversity of both people and thought to create exponential innovation, and teams that never lose sight of the customer as our anchor."
"My decision to leave Ritchie Bros has been extremely difficult and motivated by personal and family considerations," continued Saligram. "But with the Company on track to deliver strong earnings growth in 2019, the IronPlanet acquisition beginning to yield tangible value and a world-class platform with accelerating network effects in place, this is the right time for me to rejoin my family in the U.S, take on new career challenges and hand the baton to a new CEO to build on all we have accomplished as a team. I am extremely enthusiastic about Ritchie Bros.' prospects, and truly believe our best days are ahead of us."
More from Industry News
Sunnen Products Company now offers a new series of drill heads, inserts and pads that are directly interchangeable with Sandvik deep-hole drilling tools. The new line, Sunnen DirectDex, features BTA/STS (Single Tube System) and DTS/Ejector (Double Tube System) style deep-hole drilling tools designed to produce a low cost-per-bore with consistent performance. The new product series directly corresponds to the previously available line of drill heads, inserts, and guide pads, with additional product series set to be released soon.
ICUEE, the International Construction & Utility Equipment Exposition, will take place October 1-3 in Louisville, Kentucky. ICUEE is the utility industry's largest trade show, covering 28+ acres of indoor and outdoor exhibits, and bringing together more than 18,000 utility professionals every two years.
Confident in the strength and long-lasting design of its machines, John Deere is extending the eight-year/20,000-hour power electronic components on the 944K Hybrid Wheel Loader. The warranty supports John Deere's commitment to the durability and reliability of its popular 944K Hybrid Wheel Loader, which was recently named as a finalist for the in the Electrification Application of the Year category.
Stellex Capital Management, a middle market private equity firm, has announced that it has entered into an agreement to sell Morbark, LLC, the manufacturer of high-performance equipment and after-market parts for the forestry, recycling, tree care, sawmill, land clearing and biomass markets, to Alamo Group for $352 million. The sale includes all assets and operations of Morbark and its affiliate brands.
The Government of British Columbia has revised the list of pre-qualified bidding teams that have been invited to participate in the request for proposals (RFP) stage to design, build and finance the Broadway Subway project and the Pattullo Bridge Replacement project.
MAJOR, a manufacturer of high-performance screening media, introduces a training program — Hands-On SMS — to give operations the tools they need to maximize uptime. MAJOR is first offering the program through General Equipment & Supplies, a Fargo, North Dakota-based dealer. The training includes hands-on experience with all aspects of a vibrating screen. It can be a stand-alone presentation, or a supplement to training already provided by the dealer, including material handling and crushing courses.
Liebherr-MCCtec Vertriebs- und Service GmbH is investing approximately 20 million euros in a new subsidiary in Hamburg Port. The official handover took place on 6th September 2019.
Construction industry entrepreneurs James Faulkner, Christian Hamm, and Andrew Hansen today announced the launch of The Site Visit, a podcast focused on leadership in construction with perspective from the jobsite. The podcast has already produced 18 episodes, has 500+ subscribers and has hosted guests that include senior executives from Fusion Projects, Ram Consulting, Faber Technologies, Landa Global, Clearview Demolition, Pit Stop Portables and Colony Construction.
"Large lifting companies with multiple cranes have options to get jobs done. I don't have that luxury," comments Steve Kelly, owner/operator of Steel Giraffe LLC. The Portsmouth, R.I.-based "boutique" crane company doesn't search out the typical residential and commercial construction projects. Rather, Steel Giraffe completes specialized lifting projects, and 90 percent of its lift jobs fall within a 30-mi (48-km) radius of the headquarters location.
Tigercat has appointed Jochen Reiter to the position of factory support representative for western Canada.
TRC Hydraulics Inc. will assume a greater strategic role to support Bosch Rexroth hydraulic products, services and customers as well as grow Bosch Rexroth business from their four locations in Atlantic Canada: TRC Hydraulics Inc., Dieppe; TRC Manufacturing, Dieppe; TRC Hydraulics Inc. Dartmouth and TRC Hydraulics Inc. Paradise.
CM Labs' new Mobile Crane Training Pack features all-new assessment tools and training exercises, including the industry's only tandem lift exercise for mobile cranes.
Daimler Trucks and Torc Robotics are actively developing and testing automated trucks with SAE Level 4 intent technology on public roads. The initial routes are on highways in southwest Virginia, where Torc Robotics is headquartered. All automated runs require both an engineer overseeing the system and a highly trained safety driver certified by Daimler Trucks and Torc Robotics. All safety drivers hold a commercial driver's license and are specially trained in vehicle dynamics and automated systems.
SBM Mineral Processing has spent the last six years growing its presence in Canada significantly. In order to support SBM's growth and ambitious expansion plans throughout North America the company is opening its factory parts and service hub in Canada.
Case Construction Equipment has named Steve Cianci as its new vice president for North America. Cianci joins Case with more than 25 years of leadership at various global heavy equipment and industrial companies – most recently with Kalmar USA, Inc.
Generac Mobile is now part of Sourcewell cooperative purchasing. Sourcewell, formerly the National Joint Powers Alliance (NJPA), helps government, education and nonprofit agencies operate more efficiently by helping save time and money with contract purchasing solutions nationwide. Generac Mobile equipment with related accessories and attachments can now be purchased through this program.
Volvo Trucks North America is utilizing 3D printing technology to produce tools and fixtures used in the manufacturing process at its New River Valley (NRV) plant in Dublin, Virginia, where all trucks for the North American market are built. The implementation of 3D-printed manufacturing tools enables quicker production and continuous quality improvements.
The Brandt Group of Companies has reached an agreement to acquire the businesses of Nortrax Canada Inc. and Nortrax Quebec Inc. (together, "Nortrax"), subject to due diligence and regulatory and other approvals.
Avi Kahn, Region Head and Chief Executive Officer of Hilti North America, has been promoted to the Hilti Group Executive Board effective January 1, 2020.
Montreal-based AGF Access Group, Inc. has been selected to provide a modular access solution manufactured under its Winsafe brand for Canada's largest clean energy project: the Ontario Power Generation's (OPG) Darlington Nuclear Generating Station in Southern Ontario, a joint venture refurbishment project led by SNC-Lavalin Group, Inc. and Aecon Group, Inc.
ASV Holdings, Inc.'s stockholders voted to adopt the merger agreement pursuant to which ASV will be acquired by America Corporation in an all-cash transaction, which was first announced on June 27, 2019.
ShearForce Equipment and key former employees of TerraFirma Equipment has announced that they are joining forces in northern Alberta to provide sales, rentals, parts, and repair and maintenance services for hydraulic excavator attachments. They are not only expanding their regional support capacity across northern Alberta, but also the product lines they can service and repair.
CNH Industrial N.V. is entering into a strategic and exclusive heavy-duty truck partnership with Nikola Corporation, based in Phoenix, Arizona, to accelerate industry transformation toward emission neutrality of Class 8 / heavy-duty trucks in North America and Europe through the adoption of fuel-cell technology.
Case Construction Equipment has named its 2019 "Diamond Dealer" and "Gold Dealer" award recipients as part of its North American Construction Equipment Partnership Program. The awards recognize dealerships across the U.S. and Canada for excellence in five categories including sales performance, marketing and communications, product support, parts support and training.
Elgin Sweeper Company has introduced the RegenX regenerative air street sweeper, a sweeper designed with the input of municipalities and contractors including operators, service technicians, fleet managers and public works directors across the United States and Canada.
Epiroc has introduced the Mining and Construction USA blog, a valuable new information hub for the two industries. Visitors will discover vibrant content designed to help their operations increase productivity, safety and cost efficiency. They will also read about how to use latest advancements in technology to their full potential.
Pettibone/Traverse Lift, LLC has launched a new X-Series Service School program to provide live, in-person machine training opportunities for members of its dealer network. Hosted by Pettibone dealers at various regional locations, the service school is specifically focused on Pettibone's next gen X-Series Extendo and Traverse telehandlers.
Meet the Canadian operators headed to the Global Operator Challenge regional finals in North Carolina
Venturo, a producer of truck- and van-equipped cranes, has announced a new distribution partnership with Halrai of Quebec. This Canadian equipment dealer will distribute the entire line of Venturo products with a focus on fully hydraulic cranes, including models equipped with (VLC).
ARA “Rental Customer Needs Study” shows that contractors expect to increase rental activity in coming year
Among professional construction contractors who rented equipment in the past year, a majority expects to increase reliance on rental in the year ahead, according to a comprehensive survey of contractors released by the American Rental Association (ARA).
Over the next few years, 20 million skilled employees will retire.
Manitex International, Inc., a provider of cranes and specialized industrial equipment, announced that the Board of Directors has unanimously approved the appointment of Steve Filipov as Chief Executive Officer and Director of Manitex International, and David Langevin as Executive Chairman. The changes are effective September 1, 2019.
Ariel Rubinstein has been named President and General Manager of Atlas Copco Compressors Canada, effective as of October 1, 2019.
Linamar Corporation's Skyjack division recently launched its fully revamped website www.skyjack.com. The new portal was designed with a combination of new technology, international audiences, and mobile first roles in mind.
Shawmut Equipment of Canada, one of Manitowoc Crane's dealer partners for success in North America, has opened a new facility in Elmsdale, near Halifax in Nova Scotia. The new location will serve as the company's Canadian headquarters, and comes as demand for its products and services has been constantly expanding in the region.
The Toro Company is realigning the organizational structure for its underground construction businesses to better serve customers, maximize synergies and streamline costs. The company intends to combine certain aspects of the Ditch Witch, American Augers and Trencor businesses, all of which were part of the Charles Machine Works acquisition announced earlier this year. This realignment supports a streamlined approach to the marketing, sales and service functions of those businesses to more effectively support end customer needs.
Gryphon Investors, a San Francisco-based middle-market private equity firm, has signed a definitive agreement to make a significant investment in Mechanix Wear, a leading designer and manufacturer of high-performance work gloves. Working alongside current owner and CEO Michael Hale, who will retain an ownership stake in the Company, Gryphon intends to build a leading platform in the Personal Protective Equipment (PPE) sector. The transaction, which is expected to close in the fourth quarter, is subject to customary closing conditions. Terms of the deal were not disclosed.