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Tegnelia to Retire as Ryder’s President of Global Fleet Mgmt. Solutions

August 26, 2010

MIAMI - Anthony (Tony) Tegnelia, president, Global Fleet Management Solutions for Ryder System, Inc., will retire from Ryder after a career of more than 33 years with the company. His retirement date is expected to be on or before March 1, 2011, according to Ryder.

Effective Sept. 1, 2010 thru his retirement date, Tegnelia, 65, will assume responsibility for the evaluation and execution of acquisition and other strategic expansion opportunities in the Global Fleet Management Solutions business segment, will represent the company within various associations in evaluating industry-related developments, and will lead various other projects, reporting to Chairman and Chief Executive Officer Greg Swienton.

"Tony has been an outstanding leader of our company for more than three decades," said Ryder Chairman and Chief Executive Officer Greg Swienton. "He has served with a level of loyalty and integrity that has contributed greatly to our financial performance and success. We wish Tony the very best in the next stage of his life and thank him for his many years of distinguished service to Ryder."

Succeeding Tegnelia in his role as president of Ryder's largest business segment, will be Robert Sanchez, who has served as company's executive vice president and chief financial officer since October 2007. Sanchez, 45, brings to his new role 17 years of experience with the company in numerous assignments, including an earlier senior leadership role within the Fleet Management Solutions business segment as executive vice president of U.S. Operations.


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