You guessed correctly!
Now that yet another 'IKON' guy has been named the Dealer Division VP for Ricoh, will it result in a final nail in the coffin for Ricoh's Dealer channel?
Jim Corridi is the infamous Ricoh employye that managed the large IKON business before Ricoh acquired the GIANT.
It was Corriddi who helped IKON grow their business to 46% of Ricoh's total revenues at one point, which harmed may RFG Dealers during the process.
As one example, Jim negotiated a deal that allowed IKON to buy the majority of their Parts & supplies from KATUN, yet still enjoy the deepest M&A discounts for any customer AND REBATES paid on the Parts & Supplies that IKON had to buy from Ricoh because KATUN (and others) did not carry them.
Jim was also the Golden Boy of James W. Ivy (former Ricoh CEO) who met his demise during the horrible scandal, wherein he molested his children for years.
We'll see what grand plans Jim has for RFG Dealers, or shall we say "schemes?"
Ricoh's chickens are coming home to roost!