DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Richie Bros - 1 Rick Wilking - 1 Ann Fandozzi - 1 Ritchie - 1 Auctioneers - 1 Jim Kessler - 1 Eric Jacobs - 1 Jacobs - 1
Top related locs:
Longmont , Colorado U.S Boston Bengaluru
Top related orgs:
REUTERS - 1 Global Inc - 1 Investors - 1 RB Global - 1 New York Stock Exchange - 1 U.S - 1 Services - 1 Svea - 1

Search resuls for: "Richie Bros"


2 mentions found


☆ RB Global replaces CEO after dispute over compensation
  + stars: | 2023-08-02 | by ( Svea Herbst-Bayliss Pratyush Thakur | Svea Herbst-Bayliss | Pratyush Thakur | ) www.reuters.com   time to read: +2 min
REUTERS/Rick Wilking/File PhotoAug 2 (Reuters) - Industrial equipment auctioneer RB Global Inc (RBA.TO) said on Wednesday it replaced its chief executive officer, Ann Fandozzi, who recently spearheaded a $7.3 billion acquisition, amid a dispute over equity compensation. The company, formerly called Ritchie Bros Auctioneers, said Jim Kessler, its former chief operating officer and president, has been named CEO. The company gave a second-quarter earnings preview, reporting that revenue jumped 128% to $1.1 billion and net income climbed 63% to $86.8 million. The company said Fandozzi asked the board to approve a program "out of step with market standards." "My focus has been on sustaining momentum while solidifying an all-equity, at-risk incentive program to align management with long-term performance and shareholder value," she said.
Persons: Richie Bros, Rick Wilking, Ann Fandozzi, Ritchie, Auctioneers, Jim Kessler, Eric Jacobs, Jacobs, Fandozzi, Glass Lewis, Kessler, Svea Herbst, Bayliss, Pratyush Thakur, Anil D'Silva, Sriraj Kalluvila, Leslie Adler Organizations: REUTERS, Global Inc, Investors, RB Global, New York Stock Exchange, Reuters, U.S, Services, Svea, Thomson Locations: Longmont , Colorado, U.S, Boston, Bengaluru
☆ Proxy advisors urge shareholders to reject Ritchie Bros bid for IAA
  + stars: | 2023-03-06 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +2 min
Shareholders vote on March 14 on whether to approve the proposed deal. Ritchie Bros. said it "strongly disagree(s)" with the recommendations and urged shareholders to vote for the deal. The Ritchie Bros stock price climbed more than 5% in the first minutes of trading on Monday. The statement also said that Ritchie Bros. is committed to act in the best interest of all Ritchie Bros shareholders and build long-term value and drive superior shareholder returns. But a number of investors on both sides are pushing back on the deal, arguing it would distract Ritchie Bros from its core business and that it favors IAA shareholders without offering enough upside for RBA investors.
0 next >>
Total: 2