Ryder Promotes Dennis C. Cooke to President of Global Fleet Management Solutions

Feb 14, 2012

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain management solutions, today announced that Dennis C. Cooke (47) has been promoted to President of Global Fleet Management Solutions (FMS), reporting to President and Chief Operating Officer of Ryder System, Inc. Robert Sanchez. Mr. Cooke succeeds Mr. Sanchez in this role and will now be responsible for leading all areas of global business operations for the company’s largest business segment, which manages a fleet of more than 180,000 vehicles from 800 locations, servicing the needs of more than 14,000 customers.

Dennis Cooke, President of Global Fleet Management Solutions (FMS), Ryder System, Inc. (Photo: Busin ...

Dennis Cooke, President of Global Fleet Management Solutions (FMS), Ryder System, Inc. (Photo: Business Wire)

“Over the course of his career, Dennis has developed and proven his ability to lead large teams to accelerate growth, drive operational efficiencies and increase profitability,” said Mr. Sanchez. “The experience, ideas and energy that Dennis has brought to his work at Ryder should continue to serve him and our company very well in this expanded role. We look forward to the benefits of his collaborative and focused leadership as our team works to accelerate profitable growth.”

Mr. Cooke served most recently as Senior Vice President, Chief of Operations for FMS in the U.S. and Canada. Mr. Cooke joined Ryder in 2011, following a 22-year career with GE and related companies. At GE, Mr. Cooke held positions of increasing responsibility with GE Healthcare, including serving as Vice President and General Manager of GE Healthcare’s Global MRI business from 2000 to 2005. In this role, he was responsible for $1.2 billion of global revenue, including all product planning, marketing and engineering. Mr. Cooke later served as President and CEO of GE Security’s Homeland Protection business, and continued serving in those roles while also being named a Board Director after the business became Morpho Detection, Inc. in 2009.

About Ryder

Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index. Inbound Logistics magazine has recognized Ryder as the top third party logistics provider and included Ryder in its 2010 and 2011 “Green Partners” listing. Ryder also ranked 114 out of the top 500 U.S. companies and sixth in its industry sector in the 2010 Newsweek Green Rankings. Security magazine has named Ryder one of the top companies for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information on Ryder System, Inc., visit www.ryder.com.

Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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Source: Ryder System, Inc.