Ryder CEO Robert Sanchez to retire, COO John Diez named successor

Core Insights - Ryder System announced a leadership transition with CEO Robert Sanchez retiring at the end of Q1, transitioning to executive chairman, while COO John Diez will take over as CEO [1][5] Company Performance - Under Sanchez's leadership since January 2013, Ryder's annual revenue has doubled to $12.6 billion, and net earnings have increased by 133% to $489 million for the full-year 2024 [3] Leadership Transition - John Diez, who has been with Ryder since 2002 and currently oversees operations across three business segments, is recognized for his deep understanding of the business and strategic mindset, making him well-suited to lead the company [4][5] - The succession plan is described as well-planned, with Diez having an exceptional business track record and a strong grasp of customer needs [5]