DAILY NEWS Dec 19, 2012 3:58 PM - 0 comments

Ryder announces succession plan

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2012-12-19

MIAMI-- Ryder System, Inc. announced that Chairman and Chief Executive Officer Gregory T. Swienton will retire at the time of the Company’s annual meeting of shareholders on May 3, 2013. As part of the succession plan approved by Ryder’s Board of Directors, effective January 1, 2013, Ryder’s President and Chief Operating Officer Robert E. Sanchez, will assume the Company’s chief executive role, serving as President and Chief Executive Officer.

Swienton joined Ryder in June 1999 as President and Chief Operating Officer, a position he held until becoming President and Chief Executive Officer in November 2000. A member of Ryder’s board of directors since June 1999, Mr. Swienton was named its chairman in May 2002.

Sanchez is a 19-year employee of Ryder who has served in senior executive leadership positions in operations, finance, and information technology. He has been a member of the Company’s Executive Leadership Team since 2003. Most recently, he held the role of President and Chief Operating Officer, in which he was responsible for the general management of all business operations. Prior to that, he served as President of Global Fleet Management Solutions (FMS), Ryder’s largest business segment. Earlier, he served in a broad range of leadership positions for the corporation and each of its business segments, including: Executive Vice President and Chief Financial Officer of Ryder System, Inc.; Executive Vice President of Operations (FMS); Senior Vice President and Chief Information Officer of Ryder System, Inc.; Senior Vice President of Transportation Management within Supply Chain Solutions (SCS); and Vice President of Asset Management.

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