Ryder System Inc., a provider of commercial fleet management, dedicated transportation and supply chain solutions announced this week that Art Garcia, executive vice president and chief financial officer, will retire from the company April 30.
Garcia has had a 20-year career with Ryder and has been in the role of CFO since 2010.
“During his time as CFO, Ryder has experienced significant growth and delivered solid financial returns to our shareholders,” said Robert Sanchez, Ryder chairman and CEO. “Art and his finance team have been instrumental in helping to drive many of our successes.
“As we execute our strategic growth plans, I am pleased that Art has agreed to continue his existing duties and help us ensure a smooth transition to new leadership,” Sanchez said.
Ryder said it will immediately launch a search for a new CFO. Garcia will continue in his role until a successor is named and then will serve as a special adviser to the CEO until his retirement.
Garcia joined Ryder in December 1997. Prior to his role as CFO, he held several positions with increasing levels of responsibility in corporate accounting, including senior vice president and controller.
Garcia has had a 20-year career with Ryder and has been in the role of CFO since 2010.
“During his time as CFO, Ryder has experienced significant growth and delivered solid financial returns to our shareholders,” said Robert Sanchez, Ryder chairman and CEO. “Art and his finance team have been instrumental in helping to drive many of our successes.
“As we execute our strategic growth plans, I am pleased that Art has agreed to continue his existing duties and help us ensure a smooth transition to new leadership,” Sanchez said.
Ryder said it will immediately launch a search for a new CFO. Garcia will continue in his role until a successor is named and then will serve as a special adviser to the CEO until his retirement.
Garcia joined Ryder in December 1997. Prior to his role as CFO, he held several positions with increasing levels of responsibility in corporate accounting, including senior vice president and controller.