MIAMI--(BUSINESS WIRE)--
Ryder System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, today announced that Board of Directors member L.
Patrick Hassey has retired from his position on Ryder’s Board of
Directors after 13 years of dedicated service, effective February 9,
2018.
“On behalf of the Board, I would like to thank Mr. Hassey for his
service and leadership to Ryder,” said Robert Sanchez, Ryder Chairman
and CEO. “Time and again, he has provided invaluable support to
management and an unwavering commitment to maximizing shareholder value.
His sage advice and guidance have certainly contributed to Ryder’s
success and reputation.”
During his years as a Director, Mr. Hassey has served with diligence and
distinction as a member of the Compensation and Governance Committees
and as Chair of the Compensation Committee from May 6, 2011 to May 6,
2016. Ryder has benefited significantly from his outstanding leadership,
strong character, sound judgment, and substantial business experience as
the former Chairman, President and Chief Executive Officer of Allegheny
Technologies Incorporated ("ATI"). Mr. Hassey guided ATI through a
strategic transformation and helped build the company into a formidable
global competitor. Prior to joining ATI, he served as an outside
management consultant following a 36-year career at Alcoa, culminating
in his role as an Executive Vice President and a member of the Corporate
Executive Committee. Mr. Hassey led strategy development and marketing
for Alcoa's aerospace businesses and gained extensive domestic and
international experience in the aerospace, automotive, distribution and
industrial gas turbine sectors. He formed the Pan-European business
group of Alcoa and served as Group President of Alcoa Industrial
Components.
In addition, Mr. Hassey has served on the Executive Committee of the
Allegheny Conference on Community Development, the Advisory Council for
the McGowan Institute of Regenerative Medicine and on the Board of
Directors for the Duquesne Club in Pittsburgh, Pennsylvania and Alpha
Natural Resources, Inc. Pat is also a Board member of Kaiser Aluminum
Corporation.
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,
Instagram,
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:
http://www.businesswire.com/news/home/20180209005768/en/
Ryder System, Inc.
Jennifer Hanlon, 305-500-4547
jennifer_a_hanlon@ryder.com
or
Claudia
Panfil, 305-500-3668
claudia_panfil@ryder.com
Source: Ryder System, Inc.