Ryder Taps Veteran Insider As Next CEO, Stock Slides - Ryder System (NYSE:R)

Ryder System, Inc. (NYSE:R) stock fell Friday after the logistics provider announced a planned CEO transition, signaling a leadership handoff next year that investors weighed for its near-term impact on strategy and continuity.The company said longtime Chief Executive Officer Robert E. Sanchez will step down next year.Sanchez will retire effective March 31, 2026. The company said Sanchez will continue serving as executive chair to support continuity.Also Read: What’s Going On With Broadcom Shares Friday?As ...