Ritchie Bros. Auctioneers announced that Eric Jacobs will be joining the company as its Chief Financial Officer, effective June 6. Sharon Driscoll, the current Chief Financial Officer, will remain with the company in an advisory capacity to assist with the transition prior to her previously announced retirement.

"I am thrilled to welcome Eric to Ritchie Bros. as our Chief Financial Officer," said Chief Executive Officer Ann Fandozzi. "As we continue on our transformational journey to become the trusted global marketplace for insights, services and transaction solutions, I'm confident that Eric's extensive experience in various leadership roles will be a great asset to our team."

Jacobs brings extensive senior executive leadership experience in digital marketplaces to Ritchie Bros. Most recently, Mr. Jacobs served as CFO at Wheels Up Experience Inc., an industry-leading marketplace for private aviation. Prior to Wheels Up, Jacobs served as Senior Vice President, Corporate Development of Cox Automotive, Inc. and Executive Vice President, Chief Financial & Administrative Officer of Dealertrack Technologies, Inc., collectively, the largest marketplace and leading provider of SaaS solutions to the U.S. retail automotive industry. Jacobs also served as Senior Vice President, General Counsel of Dealertrack and President of Dealertrack Canada. In addition to Dealertrack, the Cox Automotive group includes brands such Manheim Auctions, Kelley Blue Book and Autotrader. Prior to Dealertrack, Jacobs was an attorney focusing on corporate mergers and acquisitions and securities law at O'Melveny & Myers LLP and an audit manager at KPMG LLP. He holds a J.D. with honors from Rutgers School of Law-Newark and a B.S. in Business Administration with a major in accounting from Rider University.

"I am delighted to be joining Ritchie Bros. as it continues on its transformational journey," said Jacobs. "I look forward to helping the Company execute on its vision and delivering long-term sustainable growth."