Greg Owens, the former CEO of IronPlanet and current group president of New Sectors & Ventures for Ritchie Bros., will resign from his post on July 27.

“I am very proud to have been a part of the team and helping to build such a strong company,” Owens said. “Ritchie Bros. has successfully integrated IronPlanet into the business and has clearly demonstrated that they are the industry leader in both on site and online marketplaces.”

“I want to thank Greg for his leadership in helping me bring Ritchie Bros. and IronPlanet together, and in agreeing to stay on with the combined company through the past 12 months to ensure a successful integration,” said Ravi Saligram, CEO of Ritchie Bros. “I wish Greg all the best in his future endeavors.”