MIAMI, Dec. 19 /PRNewswire-FirstCall/ -- Ryder System, Inc. (NYSE: R), a
global leader in transportation and supply chain management solutions, today
announced the appointment of Kevin Bott to Senior Vice President and Chief
Information Officer (CIO). In this new role, Mr. Bott will help refine
Ryder's business model and increase the capabilities of information technology
(IT) as one of Ryder's core competencies and competitive strengths. He will
report to Tracy Leinbach, Executive Vice President and Chief Financial
Officer.
Prior to this appointment, Mr. Bott served as Ryder's Vice President of
Global Supply Chain Solutions Technology Services within the IT group. In
that role, he provided technology support for business development activities,
design, testing and implementation of value-added solutions, and ongoing
account support. He had responsibility for global product strategy and all
transportation, distribution and supply chain applications, including
management of mission-critical customer solutions.
"Ryder prides itself on its ability to integrate multiple technologies,
often including legacy systems, to improve the effectiveness of internal
processes and customer solutions," said Ms. Leinbach. "Kevin brings a wide
range of business and customer system implementation experience to his new
role. We look to his leadership to optimize Ryder's technology investments
and to increase our competitiveness and further enhance the value of our
customer-focused solutions."
Mr. Bott replaces former Senior Vice President and CIO Robert Sanchez, who
has been named Executive Vice President of Operations for Ryder's Fleet
Management Solutions business segment in the U.S.
Mr. Bott holds a doctorate degree in Operations Management, a master of
arts degree in Management Sciences and a bachelor of arts degree in Biophysics
from Ohio State University. He is a member of the Council of Supply Chain
Management Professionals (CSCMP) and has authored a number of articles on
transportation and manufacturing.
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, increases in
fuel prices, availability of qualified drivers, our ability to manage our cost
structure and changes in government regulations, including regulations
regarding vehicle emissions. 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:
Lisa Brumfield, +1-305-500-3668, or
Lisa_Brumfield@Ryder.com , or Edward Rifenburg, +1-305-500-4161,
or Edward_Rifenburg@Ryder.com , both of Ryder System, Inc.
EDITORS' ADVISORY: Photo of Mr. Bott is available by request.
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