Ryder Names Chief Operating Officer and New Chief Financial Officer

Rhea-AI Summary

Ryder System (NYSE: R) has announced key leadership changes effective January 1, 2025. John J. Diez, a 22-year company veteran, has been appointed as president and chief operating officer (COO), where he will oversee operations across Ryder's three business segments. Cristina Gallo-Aquino, who has been with Ryder since 2004 and most recently served as senior vice president, controller, and principal accounting officer, will succeed Diez as executive vice president and chief financial officer (CFO).

Both executives will assume their new roles on January 1, 2025, with Diez reporting to Chairman and CEO Robert E. Sanchez. Gallo-Aquino will oversee all financial management functions, including finance and accounting, treasury, tax, audit, and investor relations.

Positive

• Internal promotion demonstrates strong succession planning and talent development
• Appointed executives have extensive company experience (Diez: 22 years, Gallo-Aquino: 19 years)
• Smooth leadership transition with clear timeline and responsibilities

Negative

• None.

• Industry veteran John J. Diez named to top operations role
• Ryder finance and accounting leader Cristina Gallo-Aquino takes over top financial position

MIAMI--(BUSINESS WIRE)-- Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, today announces the appointment of John J. Diez to president and chief operating officer (COO), effective January 1, 2025. In this new role, Mr. Diez will continue to report to Ryder Chairman and Chief Executive Officer Robert E. Sanchez with responsibility for the general management of all business operations of Ryder’s three business segments.

Ryder System, Inc. appoints John J. Diez to its top operations role as president and chief operating officer (COO), effective January 1, 2025. Succeeding Mr. Diez as Ryder’s Executive Vice President and Chief Financial Officer (CFO) is Cristina Gallo-Acquino. (Photo: Business Wire)

In addition, Cristina Gallo-Aquino, most recently senior vice president, controller, and principal accounting officer since August 2020, has been promoted to succeed Mr. Diez as executive vice president and chief financial officer (CFO), effective January 1, 2025. In this role, Ms. Gallo-Aquino will oversee all of Ryder’s financial management functions, including finance and accounting, treasury, tax, audit, investor relations, and continue to serve as principal accounting officer.

“At Ryder, we have a commitment to talent development at all levels in our organization. This includes providing leadership opportunities in positions that broaden our team’s capabilities through rotational assignments, as well as providing roles of increasing responsibility that contribute to the long-term progress and stability of our company,” says Mr. Sanchez. “These appointments are an example of that commitment. Both executives bring a powerful combination of industry knowledge to their new roles, complemented by a deep understanding of Ryder’s overall business operations and how our business units collaborate.”

During his 22-year tenure at Ryder, Mr. Diez has held a variety of senior business and financial management roles with increasing responsibility. Prior to his current role serving as the company’s executive vice president and chief financial officer since May 2021, he was president of Ryder’s FMS business, leading all areas of global fleet operations, as well as president of the company’s DTS business unit where he led strong revenue growth and improved business returns.

Ms. Gallo-Aquino joined Ryder in 2004 and has extensive financial and accounting experience. Prior to her current role, she served as vice president and chief financial officer for the company’s FMS business unit and vice president and corporate controller.

NOTE: Headshots of Mr. Diez and Ms. Gallo-Aquino are available in the Ryder Newsroom and via BusinessWire.

About Ryder System, Inc.

Ryder System, Inc. (NYSE: R) is a fully integrated port-to-door logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including warehousing and distribution, contract manufacturing and packaging, e-commerce fulfillment, last-mile delivery, managed transportation, professional drivers, freight brokerage, nearshoring solutions, full-service leasing, maintenance, commercial truck rental, and used vehicle sales to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 250,000 commercial vehicles, services fleets at 760 maintenance locations, and operates nearly 300 warehouses encompassing more than 100 million square feet. Ryder is regularly recognized for its industry-leading practices; technology-driven innovations; corporate responsibility; environmental management; safety, health and security programs; military veteran recruitment initiatives; and the hiring of a diverse workforce. www.ryder.com

Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

ryder-org

View source version on businesswire.com: https://www.businesswire.com/news/home/20241216030723/en/

Media Contact:

Amy Federman, afederman@ryder.com

Investor Relations Contact:

Calene Candela, ccandela@ryder.com

Source: Ryder System, Inc.

FAQ

When will John J. Diez become COO of Ryder (NYSE: R)?

John J. Diez will become President and COO of Ryder effective January 1, 2025.

Who is replacing John Diez as CFO at Ryder (NYSE: R)?

Cristina Gallo-Aquino will succeed John Diez as Executive Vice President and CFO, effective January 1, 2025.

What will be Cristina Gallo-Aquino's responsibilities as Ryder's new CFO?

She will oversee all financial management functions, including finance and accounting, treasury, tax, audit, investor relations, and continue as principal accounting officer.

How long has John Diez been with Ryder (NYSE: R)?

John Diez has been with Ryder for 22 years, holding various senior business and financial management roles.