RB Global Inc.

10/08/2026 | Press release | Distributed by Public on 10/08/2026 07:00

RB Global Announces Executive Leadership Appointments and Organizational Updates to Support Next Phase of Growth and Industry Leadership (Form 8-K)

RB Global Announces Executive Leadership Appointments and Organizational Updates to Support Next Phase of Growth and Industry Leadership

Steve Steinberg Promoted to Chief Financial Officer

Shiv Dutt Promoted to Chief Digital and Strategy Officer

Jake Lawson Promoted to President, Heavy Equipment & Transportation North America

Sam Wyant Promoted to President, Auto North America and International

Company Expects 2026 Financial Results to Be at the High End of Previously Provided Outlook

WESTCHESTER, Ill., October 8, 2026 -- RB Global, Inc. (NYSE: RBA) (TSX: RBA) ("RB Global" or the "Company") today announced executive leadership appointments and organizational updates to position the Company for its next phase of growth and industry leadership as the world's most trusted global equipment marketplace. The leadership and organizational changes are effective today.

"We have built RB Global into a powerful global marketplace with leading positions across increasingly diverse and attractive sectors. The changes announced today will enable us to better capitalize on this foundation and the numerous growth opportunities available to the Company," said Jim Kessler, Chief Executive Officer of RB Global. "The new leadership appointments elevate outstanding, proven talent within RB Global. The organizational update aligns this expertise with the Company's success drivers and establishes clear owners of business unit performance. Taken together, RB Global will be positioned to move faster, deliver stronger results, and create more tangible value for our shareholders, customers, and partners."

· Steve Steinberg has been promoted to Chief Financial Officer: Mr. Steinberg has been a leader at RB Global for more than 10 years and has more than 30 years of experience across finance and accounting, business operations, pricing and commercial program management, and strategy and business development in go-to-market sales and service organizations. He most recently served as Senior Vice President and Head of Strategic Planning and Decision Support at RB Global, leading strategic portfolio management, global FP&A, commercial operations, pricing, and field enablement teams.
· Shiv Dutt has been promoted to Chief Digital and Strategy Officer: In this newly created role, Mr. Dutt will lead RB Global's enterprise technology and digital strategies and M&A strategy, more tightly integrating key drivers of RB Global's ability to grow and transform. He has more than 20 years of global leadership experience across digital marketplaces, consumer products, and multi-channel innovation, most recently serving as Executive Vice President and Head of Ritchie Bros. Marketplace. In addition to this new role, Mr. Dutt will continue to lead Product and Engineering for the Heavy Equipment & Transportation ("HE&T") business.
· Jake Lawson has been promoted to President, HE&T North America: In this newly created role, Mr. Lawson will assume responsibility for North America HE&T's consolidated sales, operations, marketing, commercial operations, training, and analytics, further streamlining the business unit. Over his more than 25 years with Ritchie Bros., Mr. Lawson has served in a variety of executive sales leadership positions, including most recently as President and Head of North America Sales.
· Sam Wyant has been promoted to President, Auto North America and International ("Automotive"): In this newly created role, responsibility for Automotive's sales, seller marketing, commercial operations, strategic accounts, regional sales and international auto will be assumed by Mr. Wyant. Mr. Wyant has more than 20 years of sales and commercial leadership experience in the automotive and heavy equipment industries, including senior roles at IAA, Ritchie Bros. and Volvo Construction Equipment.

In connection with today's appointments, Eric Guerin and Steve Lewis, Chief Financial Officer and Chief Operating Officer, respectively, will be departing the Company.

"On behalf of the RB Global team, I would like to thank Eric Guerin and Steve Lewis for their contributions to our company," Kessler added. "They have each played an important role in our growth and evolution into the market leader we are today. We are grateful for their partnership and wish them continued success in their next chapters."

Steinberg said, "I am honored to become CFO of RB Global and look forward to working with Jim and the executive leadership team in this new role with a continued focus on margin expansion, balance sheet flexibility, and value-creating capital allocation. Returning capital to shareholders through dividends and stock repurchases and strategically investing to drive profitable growth remain priorities."

2026 Financial Outlook

RB Global also announced today that it expects its full year 2026 financial results to be at the high end of the outlook range provided on August 4, 2026, and shown below:

(in millions, except percentages) Outlook
(as provided on Aug 4, 2026)
GTV growth 9-11%
Adjusted EBITDA $1,495 - $1,545

The Company has not provided a reconciliation of Adjusted EBITDA outlook for fiscal 2026 to GAAP net income, the most directly comparable GAAP financial measure, because without unreasonable efforts, it is unable to predict with reasonable certainty the amount or timing of non-GAAP adjustments that are used to calculate Adjusted EBITDA, including but not limited to: (a) the net loss or gain on the sale of property plant & equipment, or other assets, (b) acquisition-related or integration costs relating to our mergers and acquisition activity, including severance costs, (c) restructuring costs, (d) stock-based compensation expense, which value is directly impacted by the fluctuations in our share price and other variables, and (e) other expenses that we do not believe are indicative of our ongoing operations. These adjustments are uncertain, depend on various factors that are beyond our control and could have a material impact on net income for fiscal 2026.

Third Quarter 2026 Financial Results and Conference Call

As previously announced, RB Global will release its third quarter 2026 financial results before the market opens on Monday, November 9, 2026, and host a conference call and webcast to discuss the results at 8:30 a.m. ET. Conference call and webcast details are available at: https://investor.rbglobal.com.

About RB Global

RB Global, Inc. (NYSE: RBA) (TSX: RBA) keeps the world's assets working. A leading marketplace connecting buyers and sellers of commercial assets, vehicles and real estate, RB Global has a vision to be the world's most trusted asset marketplace. Through its global network of physical locations, digital marketplaces and trusted brands, the company provides transaction solutions, services and insights to customers across construction, commercial transportation, automotive, agriculture, government surplus, lifting and material handling, energy and mining, delivering liquidity, trust and ease at every stage of an asset's life. Its brands include Ritchie Bros., IAA, BigIron, Rouse Services, SmartEquip and VeriTread. Visit rbglobal.com.

RB Global Inc. published this content on October 08, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 08, 2026 at 13:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]