Ravi Saligram : In the fast-paced and ever-evolving world of business, leaders like Ravi Saligram are a beacon of inspiration and motivation. With a rich history of transforming companies, building brands, and driving shareholder value, Mr. Saligram’s career is a testament to his visionary leadership and unwavering commitment to excellence.
The Journey of Ravi Saligram: A Visionary Leader
Ravi Saligram’s journey in the corporate world began with a humble start at Leo Burnett in Chicago, setting the stage for an illustrious career that would span nearly four decades.
With an electrical engineering degree from Bangalore University, India, and an MBA from the University of Michigan, Ann Arbor, he was equipped with the knowledge and skills that would eventually shape the future of multiple global companies.
A Track Record of Success
Ravi Saligram’s track record speaks volumes about his leadership capabilities. As the CEO of Ritchie Bros., the world’s largest onsite heavy equipment auctioneer, he oversaw a remarkable transformation of the organization.
The company evolved from a traditional heavy equipment auctioneer to a technology-enabled, data-driven multi-channel asset management and disposition platform. Under his leadership, Ritchie Bros.’ Total Shareholder Return (TSR) soared, with a 78% increase on the NYSE and a staggering 121% increase on the TSX over the last five years.
Saligram’s leadership at Ritchie Bros. was marked by his strategic acquisition of IronPlanet in 2017, a move that played a pivotal role in the company’s success. This acquisition demonstrated his forward-thinking approach and ability to embrace innovation.
Creating Value at OfficeMax
Before his tenure at Ritchie Bros., Ravi Saligram served as the CEO of OfficeMax Inc. During his leadership, he strategically repositioned the company from a commodity office product retailer to an omnichannel workplace services and solutions provider. In a historic merger of equals in 2013, he united Fortune 500 companies OfficeMax and Office Depot, unlocking over half a billion dollars in synergies.
Saligram’s ability to see opportunities where others might see challenges is one of his hallmark traits. His vision and strategic thinking not only saved companies but also drove them to new heights.
Global Experience and Diversity Advocacy
Ravi Saligram’s career has been marked by a global perspective and a commitment to diversity and inclusion. With over 20 years of senior management experience at companies like ARAMARK, InterContinental Hotels Group, and SC Johnson, he turned ARAMARK International into a growth engine, doubling international revenue and quadrupling managed cash flow.
Saligram’s achievements were a result of sector diversification, onboarding a new generation of country presidents, and significantly increasing female leadership.
Saligram’s extensive international experience, having lived in six countries and worked in many more, has given him a unique understanding of global business dynamics and diverse cultures. This global perspective has been instrumental in his success in building strong brands and sustainable businesses across industries and geographies.
Joining MidOcean Partners: A New Chapter
After an illustrious career, Ravi Saligram joined MidOcean Partners, a New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. As an operating partner, he brings his wealth of experience and vision to unlock the tremendous value potential within MidOcean’s portfolio.
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