Ryder System (NYSE: R) announced that Anthony G. (Tony) Tegnelia, president of Global Fleet Management Solutions, will retire following 33 years of service with the company.
“Tony has been an outstanding leader of our company for more than three decades,” said Ryder chairman & CEO Greg Swienton. “He has served with a level of loyalty and integrity that has contributed greatly to our financial performance and success. We wish Tony the very best in the next stage of his life and thank him for his many years of distinguished service to Ryder.”
Robert E. Sanchez, currently the company’s executive vice president and CFO, will succeed Tegnelia. Sanchez has 17 years of experience with Ryder in numerous positions, including an earlier senior leadership role within the Fleet Management Solutions business segment as executive vice president of U.S. Operations.
Art A. Garcia will replace Sanchez. Garcia has been senior vice president and controller since October 2005.
“We are pleased that the depth of talent within our company, and our efforts around organizational development and succession planning, have enabled us to fill these important roles with proven internal candidates,” Swienton said. “Robert and Art are not only highly qualified, but they also fully understand our business processes and strategic direction, and are very well prepared to continue our progress in their new assignments.”
Tegnelia will continue with the company for six months assisting in the evaluation and execution of acquisition and other strategic expansion opportunities before he officially retires on or about March 1, 2011, the company said.
