Rexall CFO Driscoll to leave for new job

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VANCOUVER, British Columbia — Sharon Driscoll, executive vice president and chief financial officer at Rexall/Katz Group Canada Ltd., is leaving the company to join Ritchie Bros., an industrial equipment auctioneer.

Sharon Driscoll

Ritchie Bros. said Friday that Driscoll is set to start at the company on July 6 as chief financial officer.

Driscoll served as executive vice president and CFO at Rexall since joining the Canadian drug chain in February 2013 from Sears Canada Inc., where she was senior vice president of finance and CFO. Before going to Sears, she served in a variety of executive posts over a 20-year career at Loblaw Companies Ltd., including senior vice president roles in corporate development, national merchandising, and finance for the Ontario division, as well as vice president of finance for Loblaws Supermarkets Ltd.

Late last year, Driscoll was named as a Top 100 Award Winner on the Women’s Executive Network’s 2014 list of Canada’s Most Powerful Women.

Ritchie Bros., which describes itself as the world’s largest seller of used industrial equipment, cited Driscoll’s more than two decades of senior executive experience, overseeing financial operations for large, multichannel businesses.

“We’re very excited to welcome Sharon, a highly accomplished CFO, to Ritchie Bros. Sharon’s business acumen, strategic thinking capabilities, M&A expertise, and significant experience in capital allocation in multi-unit businesses will make her an outstanding business partner in our journey to execute the strategic plan and deliver the evergreen financial model over the long term,” Ravi Saligram, chief executive officer at Ritchie Bros., said in a statement.

Driscoll will be based in Vancouver and report directly to Saligram.

“I am delighted to be stepping into this role at such a great time for Ritchie Bros.,” Driscoll stated.  “Ravi and the leadership team have a clear and exciting strategic direction for the business that builds on Ritchie Bros.’ strong heritage and focuses on long-term shareholder value creation. I look forward to joining the RBA family and contributing to the company’s continued success.”



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