MIAMI, Oct. 12 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in transportation and supply chain management solutions, has
named Anthony G. (Tony) Tegnelia to serve as President of U.S. Fleet
Management Solutions (FMS), and Vicki A. O'Meara to serve as President of U.S.
Supply Chain Solutions (SCS). Mr. Tegnelia, who most recently served as
Ryder's President of U.S. Supply Chain Solutions, is now responsible for all
U.S. operations of the Company's largest business segment, Fleet Management
Solutions. The FMS business segment is a leading provider of truck leasing,
rental and maintenance services. Ms. O'Meara most recently served as Ryder's
Chief of Corporate Operations where, among other responsibilities, she worked
closely with the Company's business leaders in developing Ryder's global
business strategy. The SCS business segment provides supply chain management
and logistics design, engineering, planning and implementation, as well as
Dedicated Contract Carriage (DCC), a turnkey transportation package that
includes vehicles, provision of drivers, and routing and scheduling services.
"These appointments align proven Ryder talent and performance with the
Company's top strategic priorities," said Ryder Chairman and Chief Executive
Officer Greg Swienton. "Their combination of skills and deep understanding of
Ryder's business focus, positions both of these leaders to accelerate
profitable growth by capitalizing on the strong gains and process improvements
we have realized to date."
Mr. Tegnelia joined Ryder in 1977 as Manager of Business Planning and has
held various positions of increasing responsibility in the Finance division.
Mr. Tegnelia also served as Senior Vice President and Chief Financial Officer
of the Company's Integrated Logistics business segment. Following changes in
the Company's organization structure in late 1999, he was named Senior Vice
President of Field Finance, where he was responsible for global planning and
pricing, as well as financial control and reporting functions of the Company's
worldwide field operations. Later, Mr. Tegnelia served as Senior Vice
President of Global Business Value Management, where he implemented successful
strategies for improving margin on existing accounts, as well as identified
value propositions for optimal profitability with new accounts within the
Supply Chain Solutions business segment. Following that assignment, he was
elevated to his most recent role as President of U.S. Supply Chain Solutions.
Prior to joining Ryder, Mr. Tegnelia held various finance and operations
positions at the corporate offices of United Brands Corporation. Mr. Tegnelia
earned a master of business administration degree in Finance from Boston
College and a bachelor of science degree in Business Administration from
Boston University.
Ms. O'Meara most recently served as Ryder's Chief of Corporate Operations.
In that position, she was responsible for corporate strategy and development,
information technology, law, compliance, human resources, government
relations, safety, security, environmental, communications, public affairs,
and facilities. In addition, she has been the business leader of Ryder Fuel
Compliance Services, an operating subsidiary based in Houston, Texas. She
joined Ryder as Executive Vice President and General Counsel in June 1997 from
the Chicago office of the law firm of Jones Day Reavis & Pogue, where she was
a partner and chair of the firm's global Environmental, Health and Safety
Group. Ms. O'Meara has also served in a variety of federal government
positions in Washington, D.C., including her nomination as Assistant Attorney
General under President George H.W. Bush, heading the Environmental and
Natural Resources Division of the U.S. Department of Justice; Deputy General
Counsel of the U.S. Environmental Protection Agency; and Assistant to the
General Counsel in the Office of the Secretary of the Army. Ms. O'Meara was a
1986-87 White House Fellow, and in that capacity she served as Special
Assistant to the White House Counsel and as Deputy Executive Secretary of the
Cabinet Domestic Policy Council. Ms. O'Meara served four years in the U.S.
Army, achieving the rank of Captain. She supported the Army logistics
management function and was an instructor at the Army Logistics Management
School. Ms. O'Meara received a law degree from Northwestern University Law
School, a master of arts degree in Environmental Science and Resource Policy
from George Washington University, and a bachelor of arts degree in Political
Science from Cornell University.
About Ryder
Ryder is a Fortune 500 company providing leading-edge transportation,
logistics and supply chain management solutions worldwide. Ryder's stock
(NYSE: R) is a component of the Dow Jones Transportation Average and the
Standard & Poor's 500 Index. For more information about Ryder System, Inc.,
visit http:/www.ryder.com .
Note Regarding Forward-Looking Statements: Certain statements and
information included in this presentation are "forward-looking statements"
under the Federal Private Securities Litigation Reform Act of 1995.
Accordingly, these forward-looking statements should be evaluated with
consideration given to the many risks and uncertainties inherent in our
business that could cause actual results and events to differ materially from
those in the forward-looking statements. Important factors that could cause
such differences include, among others, our ability to obtain adequate profit
margins for our services, our inability to maintain current pricing levels due
to customer acceptance or competition, customer retention levels, unexpected
volume declines, loss of key customers in the Supply Chain Solutions (SCS)
business segment, unexpected reserves or write-offs due to the deterioration
of the credit worthiness or bankruptcy of certain customers in our SCS
business segment, the possibility that changes in customers' business
environments will limit their ability to commit to long-term vehicle leases,
changes in market conditions affecting the commercial rental market or the
sale of used vehicles, increased competition from vehicle manufacturers and
large service providers, higher borrowing costs and possible decreases in
available funding sources caused by adverse changes in debt ratings, changes
in accounting assumptions, adequacy of accounting accruals, changes in general
economic conditions, unexpected reserves or losses due to the effects of
Hurricanes Katrina and Rita on our operations and the economy, availability of
heavy- and medium-duty vehicles, increases in fuel prices, availability of
qualified drivers, our ability to create operating synergies in connection
with our acquisitions, our ability to manage our cost structure and changes in
government regulations, including regulations regarding vehicle emissions,
drivers' hours of service and security regulations issued by the Department of
Homeland Security. The risks included here are not exhaustive. New risks
emerge from time to time and 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.
SOURCE Ryder System, Inc.
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Related links:
http://www.ryder.com
CONTACT:
Media, David Bruce, +1-305-500-4999, or
Investor Relations, Bob Brunn, +1-305-500-4053, both of Ryder
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