Ritchie Bros. Appoints New Deputy Chairperson of Board of Directors

Beverley Briscoe appointed as Deputy Chairperson as current Board chairman prepares for anticipated retirement

Ritchie Bros Asset Solutions

Ritchie Bros. Auctioneers Incorporated is pleased to announce the appointment of Beverley Anne Briscoe as Deputy Chairperson of the company's Board of Directors, effective September 23, 2013.

Ms. Briscoe joined the company as a director in October 2004 and has served as a member of the Nominating & Corporate Governance and Audit Committees, most recently as Chair of the Audit Committee. Ms. Briscoe's appointment to Deputy Chairperson marks a transitional step for the Board in preparation for the anticipated retirement of Robert Murdoch, the Board's current Chairman. Mr. Murdoch is approaching the mandatory retirement age prescribed by the company's Corporate Governance Guidelines and has thus indicated that he will not be standing for re-election at the company's Annual Meeting in 2014. It is expected that Ms. Briscoe will be appointed as the successor Chairperson in the event she is re-elected as a director at the 2014 Annual Meeting.

Ms. Briscoe brings to the position a wealth of experience in finance and operations from a number of industries including the heavy equipment and transportation sectors.

Ms. Briscoe is a Fellow of the Institute of Chartered Accountants, a Fellow of the Institute of Corporate Directors, and has a Bachelor of Commerce degree from the University of British Columbia. She currently serves as a director (including as Chair of the Audit Committee and member of the Environmental Health & Safety Committee) of Goldcorp Inc., a public gold and precious metals company.