Ryder System chairman & CEO Gregory T. Swienton will retire on May 3, 2013, the company announced. As part of the succession plan approved by Ryder’s Board of Directors, effective Jan. 1, 2013, Ryder’s president & COO Robert E. Sanchez, 47, will assume the company’s chief executive role, serving as president & CEO.
Swienton will then serve in the role of executive chairman until the company’s annual meeting on May 3, at which time Sanchez will become chairman & CEO. Swienton will remain associated with the company in an advisory capacity.
Swienton joined Ryder in June 1999 as president & COO, a position he held until becoming president & CEO in November 2000. A member of Ryder’s board of directors since June 1999, Swienton was named its chairman in May 2002.
“Over the past 14 calendar years, I’ve had the good fortune to work with our Ryder team to truly make a positive difference for our shareholders, customers and the communities we serve. The initiatives and changes we’ve made over time in all aspects of our business model and culture will serve as a solid foundation in the years ahead,” said Swienton. “Our organization can take great pride in the consistent progress we’ve made, the results we’ve delivered, and the even brighter future we’ve created. The very talented team that will remain in place under the trusted leadership of Robert Sanchez gives me great confidence that Ryder will continue to thrive and deliver on its commitments and potential well into the future.”
Sanchez is a 19-year employee of Ryder who has served in senior executive leadership positions in operations, finance, and information technology. He has been a member of the company’s executive leadership team since 2003. Prior to his current position, Sanchez served as president of Global Fleet Management Solutions (FMS), Ryder’s largest business segment.
Earlier, he served in a broad range of leadership positions for the corporation and each of its business segments, including executive vice president & CFO of Ryder System, Inc.; executive vice president of operations (FMS); senior vice president and chief information officer of Ryder System; senior vice president of transportation management within Supply Chain Solutions (SCS); and vice president of asset management (FMS).