Ryder System, Inc. announced that Chairman and Chief Executive Officer Robert E. Sanchez will retire on March 31, 2026. The company’s board of directors has approved a succession plan in which John J. Diez, currently President and Chief Operating Officer, will become the new CEO effective the same date. Diez has also been elected to join Ryder’s board of directors.
Sanchez became CEO in January 2013 and was named chairman in May 2013. After his retirement as CEO, he will take on the role of executive chair to support a smooth transition.
Michael F. Hilton, lead independent director of Ryder’s board, said: “On behalf of the board, I offer a heartfelt thank you to Robert for his steadfast leadership, strategic vision, and for delivering excellent results and record shareholder value. Robert has led the development and execution of Ryder’s balanced growth strategy to derisk the business, improve returns, and accelerate the growth of our supply chain and dedicated businesses that has transformed the company’s return profile. We are proud to name John to be Ryder’s next CEO as part of a well-planned succession. John has an exceptional business track record, understands our customers’ needs, and knows the company very well as a result of his more-than-20-year tenure with Ryder.”
Sanchez stated: “Serving Ryder for more than three decades has truly been an extraordinary experience. I’ve had the privilege of working alongside the most talented and dedicated professionals in our industry to deliver for our employees, customers, and shareholders. I’ve worked with John for over two decades and his deep understanding of our business, sound judgment and strategic mindset uniquely positions him to lead the company. I am confident that he is the right leader to drive Ryder’s continued growth.”
Diez commented: “It is a great honor to be a part of this exceptional organization and culture. Ryder is home to incredibly talented and determined people and a superb culture that are the foundation of its commitment to our customers. Thanks to Robert’s strong leadership, we have enormous opportunities to continue growing as the complexity of supply chains intensify and the demand for our port-to-door services increases. I look forward to continuing to work closely with Robert, the board, and our entire team to leverage the power of Ryder.”
Diez was appointed president and chief operating officer on January 1, 2025; previously he served as executive vice president and chief financial officer at Ryder. He also led both fleet management operations as well as dedicated transportation business units during his tenure.
Ryder System operates as an integrated logistics provider offering services such as warehousing, distribution management,fleet leasing, commercial truck rental services across North America including Canada,Mexico,and United States.The company manages about 250000 vehicles across nearly 760 maintenance locations,and runs close-to-300 warehouses covering over100million square feet.Ryder serves clients in more than20 industries globally.
Forward-looking statements made by Ryder are subject to risks described in their filings with U.S Securities & Exchange Commission.
