July 29 - Industrial auctioneer Ritchie Bros has announced that Rob McLeod, chief business development officer, will retire from the company effective September 30, 2016.

McLeod has worked in numerous roles over a 23-year timeframe with Ritchie Bros.

"Rob has been an excellent business partner and a very smart and capable executive, who is highly regarded in the company as a true team player. He has made significant contributions to Ritchie Bros throughout his career. We wish him the very best in the future," said Ravi Saligram, ceo of the company.