RB Global, Inc. announced the appointment of Jim Kessler, most recently the company's President and Chief Operating Officer, as Chief Executive Officer. The appointments are effective immediately and follow the departures of Ann Fandozzi as Chief Executive Officer. Mr. Kessler has a proven record of driving growth and value creation, including through M&A. Since joining RB Global as COO in 2020, Mr. Kessler has been integral in developing and executing the customer engagement strategies and offerings that have transformed RB Global from a traditional auctioneer into a premier, global omnichannel marketplace.

He was also a major part of the due diligence underpinning the IAA, Inc. acquisition and has spear-headed the ongoing execution of related cost savings and revenue growth initiatives. Prior to joining RB Global, Mr. Kessler directed the successful integration of Caliber Collision and ABRA Auto Body and Glass to create the largest consolidator in the $47 billion collision repair industry. The company noted that Ms. Fandozzi's departures are unrelated to the company's performance, financial reporting and results of operations.

The changes follow extensive negotiations with Ms. Fandozzi regarding an appropriate executive compensation structure. Mr. Kessler was appointed Chief Operating Officer of RB Global in 2020 and was promoted to President and Chief Operating Officer in 2021. Before joining RB Global, he served as a senior leader for two decades in the automotive industry, including as President, Emerging Business at Caliber Collision from 2019 to 2020 and as Chief Operating Officer of ABRA Auto Body and Glass from 2017 to 2019.

At ABRA, he oversaw operations, procurement and growth initiatives, including the integration of the merger of between ABRA and Caliber Collision, which created the first national collision repair provider in the United States. He also held a variety of senior leadership positions at vRide, City Sports and Pep Boys. Mr. Kessler is an Operating Advisor to Percheron Capital.

He holds an undergraduate degree and MBA from Saint Joseph's University.