Ryder expands Board of Directors 03 June 2014

Ryder System, Inc. announced that Robert A. Hagemann has been elected to its Board of Directors, effective August 1, 2014.  Mr. Hagemann most recently served as Senior Vice President and Chief Financial Officer of Quest Diagnostics Incorporated until his retirement in July 2013. Mr. Hagemann joined Quest’s predecessor, Corning Life Sciences, Inc., in 1992, and held roles of increasing responsibility until he was named Chief Financial Officer of Quest in 1998. Prior to joining Corning, Mr. Hagemann held senior financial positions at Prime Hospitality, Inc. and Crompton & Knowles, Inc. He also held various positions in corporate accounting and audit at Merrill Lynch and Company and Ernst & Young.

Ryder believes that his experience in business services and outsourcing is highly relevant to its business and that he will be a valuable resource to the Board and management team, as it continues to capitalise on favourable macro-trends in outsourcing and delivers higher levels of profitable growth.