Ryder System announced that Chairman and CEO Gregory T. Swienton 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 COO Robert E. Sanchez, will assume the company’s CEO role, serving as President and CEO. 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 CEO 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.
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