Ryder System today announced that Chairman and Chief Executive Officer Gregory T. Swienton (63) 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 (47), will assume the Company’s chief executive role, serving as President and Chief Executive Officer. Mr. Swienton will then serve in the role of Executive Chairman until the Company’s annual meeting of shareholders, at which time, Mr. Sanchez will become Chairman and Chief Executive Officer. As an added measure of continuity through the transition, Mr. Swienton has agreed to serve in an advisory capacity for a period of time following his retirement.
