Ryder System, Inc. announced that Chief Executive Officer Robert E. Sanchez, age 60, will retire on March 31, 2026. Sanchez was named Ryder CEO in January 2013 and chairman of the board in May 2013. As part of the succession plan approved by the company?s board of directors, Ryder?s President and Chief Operating Officer John J. Diez, age 54, will assume the chief executive officer role, effective March 31, 2026.
Diez was also elected to the company?s board of directors, effective March 31, 2026. Sanchez will assume the role of executive chair of the company?s board of directors to ensure a smooth transition. Diez has served as president and chief operating officer since January 1, 2025, contributing to the company's strategic direction and operational management.
Previously, he served as executive vice president and chief financial officer. During his tenure with Ryder, Diez was also president of Ryder?s fleet management business, leading all areas of fleet operations and maintenance, as well as president of the company?s dedicated transportation business unit where he led strong revenue growth and improved business returns.
Ryder System, Inc. is a provider of outsourced logistics and transportation services. The Company provides supply chain, dedicated transportation, and commercial fleet management solutions. It operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing that includes its contractual maintenance offering, commercial rental and maintenance services of trucks, tractors and trailers to customers principally in the United States (U.S.) and Canada; Supply Chain Solutions (SCS), which provides fully integrated port-to-door logistics solutions, including distribution management, dedicated transportation, transportation management, freight brokerage, e-commerce fulfillment, last-mile delivery, contract packaging, and contract manufacturing in North America, and Dedicated Transportation Solutions (DTS), which provides turnkey transportation solutions in the U.S., including dedicated vehicles, professional drivers, management, and administrative support.
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