Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced the appointment of Timothy R. Fiore to the position of Chief Procurement Officer. Mr. Fiore is a member of Ryder's Leadership Team and is responsible for Ryder's global procurement organization across all three Ryder business divisions: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS).

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(Photo: Business Wire)

(Photo: Business Wire)

"We are happy to welcome Tim back to the Ryder team," said Ryder Chairman and CEO Robert Sanchez. "Tim has driven significant results over the course of 35 years, leading procurement organizations at large global enterprises, including previously being Ryder's CPO from 2002 to 2005. With his strong leadership and process focus, I am confident Tim will build on our success."

During his time at Ryder, Mr. Fiore and his team were instrumental in improving the supplier selection and management process that resulted in more cooperation with Ryder's key suppliers for vehicle, vehicle support, and fuel activities. Additionally, the team's activities addressed all sectors of Ryder's supply chain by championing a fact-based, data-driven process to establish future key supplier relationships.

Over the course of his career, Mr. Fiore also served as the Chief Procurement Officer of ThyssenKrupp NA where he was responsible for developing and implementing ThyssenKrupp's first consolidated North American supply management program. Additionally, Mr. Fiore has held senior supply management roles at Terex Corporation, Celanese Corporation, and United Technologies Corporation.

Mr. Fiore holds a master's degree in business administration with a technology focus and a master's in management from Rensselaer Polytechnic Institute, as well as a bachelor's degree in history from the University of Massachusetts in Amherst.

About Ryder

Ryder is a FORTUNE 500® commercial fleet management, dedicated transportation, and supply chain solutions company. Ryder's stock (NYSE:R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400® index. Ryder has been named among FORTUNE's World's Most Admired Companies, and has been recognized for its industry-leading practices in third-party logistics, environmentally-friendly fleet and supply chain solutions, and world-class safety and security programs. The Company is a proud member of the American Red Cross Disaster Responder Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com, and follow us on our Online Newsroom and social media pages: Facebook, LinkedIn, Twitter, and YouTube.

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.

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