Ravi Saligram, CEO and director of the board of Ritchie Bros., is a visionary leader with a proven track record of growing businesses, building brands, developing customer-centric teams, embracing digital, focusing on cash flow, and driving shareholder value. Throughout his career, he has inspired employees to challenge the status quo, created cultures driven toward innovation and built industry-leading diversity and inclusion programs.
Saligram was appointed CEO of Ritchie Bros. in July 2014 and since then has been transforming the company by evolving the world's largest onsite heavy equipment auctioneer into a relationship-based, technology-enabled and data-driven multi-channel asset management and disposition platform. In 2017, Saligram led the acquisition of online leader, IronPlanet, making Ritchie Bros. one of the top 50 B2B ecommerce players in the world with over $3 billion in online gross transaction value.
He and his team have doubled cumulative cash flow in the last four years and grown the market capitalization of the company to US $4.1 billion (CAD $5.3 billion), an increase of $1.5 billion over the last four years.
Prior to joining Ritchie Bros., Saligram was CEO of OfficeMax Inc., where he strategically repositioned the company from a commodity office products retailer to an omni-channel workplace services and solutions company. During his tenure, he led the historic merger of equals between Fortune 500 companies OfficeMax and Office Depot in 2013, unlocking over half a billion dollars in synergies.
Saligram also has more than 20 years of senior management experience at ARAMARK, InterContinental Hotels Group and SC Johnson. During his time as President, ARAMARK International and Chief Globalization Officer, he turned the international business into a growth engine, doubling international revenue and quadrupling managed cash flow, in part, by driving sector diversification, onboarding a new generation of country presidents and significantly increasing female leadership. And while working with Intercontinental Hotels, Saligram built Holiday Inn into the number one international hotel brand in China and pioneered some of the company's first ecommerce initiatives.
Saligram has lived in six countries and worked in many more across five continents over his 38-year career. He started his career at Leo Burnett in Chicago, earned an MBA from the University of Michigan, Ann Arbor, and an electrical engineering degree from Bangalore University, India. He has served on the board of Church & Dwight Co., Inc. for over ten years and sits on its Governance and Finance Committees.
Under his leadership, Ritchie Bros. was recognized as one of British Columbia's Top Employers in 2018; OfficeMax was recognized by Ethisphere as one of the world's most ethical companies, two years in a row; and S.C. Johnson Korea was named one of the three best foreign managed companies in Korea by KBS TV.