Ritchie Bros. Auctioneers CEO Peter Blake to step down in May 2014

Peter Blake (Photo: Ritchie Bros.)Peter Blake (Photo: Ritchie Bros.)

Ritchie Bros. Auctioneers has announced that CEO Peter Blake will step down from his position in during the company’s next Annual General Meeting in May 2014.

Blake, who has served as CEO for the industrial auctioneer for nine of his 22 years with Ritchie Bros., will continue with his leadership responsibilities during the interim period.

The Board of Directors will seek a new CEO.

News of Blake’s decision to step down follows Ritchie Bros. President Rob Mackay’s summer announcement that he plans to retire at the end of this month.