MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE:R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, today announced that Art Garcia, Executive Vice
President and Chief Financial Officer, will retire from the company on
April 30, 2019. Mr. Garcia has had a 20-year career with Ryder and has
been in the role of CFO since 2010.
“I’m grateful for the contributions Art has made over his 20-year career
at Ryder. During his time as CFO, Ryder has experienced significant
growth and delivered solid financial returns to our shareholders,” said
Robert Sanchez, Ryder Chairman and CEO. “Art and his finance team have
been instrumental in helping to drive many of our successes. As we
execute our strategic growth plans, I am pleased that Art has agreed to
continue his existing duties and help us ensure a smooth transition to
new leadership.”
Ryder will immediately launch a search for a new CFO. Mr. Garcia will
continue in his role until a successor is named, and thereafter, he will
serve as a Special Advisor to the Chief Executive Officer until his
retirement on April 30, 2019.
Mr. Garcia joined Ryder in December 1997. Prior to his role as CFO, he
held several positions with increasing levels of responsibility in
Corporate Accounting, including Sr. Vice President and Controller.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and the
S&P MidCap 400® index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. The Company is a proud member
of the American Red Cross Disaster Responder Program, supporting
national and local disaster preparedness and response efforts. For more
information, visit www.ryder.com,
and follow us on our Online
Newsroom and social media pages: Facebook,
LinkedIn,
Twitter,
and YouTube.
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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180925006127/en/
Ryder System, Inc.
Media:
Jonathan Mayor, 305-500-3161
or
Investor
Relations:
Bob Brunn, 305-500-4210
or
Calene Candela,
305-500-4764
Source: Ryder System, Inc.