Ricoh Europe Strengthens Leadership Team to Accelerate Mid-Term Strategy Execution

Wednesday, 10 June, 2026 - Ricoh Europe today announces changes to its European Management Board (EMB), further strengthening its leadership team to accelerate delivery of its recently launched Mid-Term Strategy (MTS).

Ramon Martin, CEO of Ricoh Iberian Entities, has been appointed Chief Operating Officer (COO), EMEA, effective immediately. In this newly created role, he will provide leadership and strategic oversight across Ricoh’s EMEA markets - driving execution and alignment to accelerate sustainable growth and deliver greater customer value. In addition, Ramon will continue to lead the Iberian business, a position he has held since 2016. With more than 26 years of experience at Ricoh and a proven track record of transformation and performance, Ramon is well positioned to support the next phase of the company’s growth.

Michael Vavakis will take on an expanded role as Chief Transformation, ESG and People Officer, EMEA. He will lead Ricoh’s transformation agenda, people strategy and ESG priorities across the region, reinforcing the company’s focus on responsible business and long-term value creation.

Rachael Woods is appointed to the European Management Board as Managing Director, Capital and Alliances, EMEA, reflecting the increasing strategic importance of Ricoh Capital in providing flexible finance solutions to customers and supporting future growth.

David Mills, CEO, Ricoh Europe, said:“These Board appointments mark an important step in strengthening our leadership as we accelerate delivery of our strategic ambitions. With their combined experience and expanded responsibilities, the team is well positioned to lead Ricoh Europe through its next phase of growth and transformation.”

These leadership changes are designed to strengthen execution, enhance cross-market collaboration and accelerate delivery of Ricoh’s strategic priorities.