July 22, 2011 MIAMI--(EON: Enhanced Online News)--Ryder System, Inc. (NYSE:R), a leader in transportation and supply chain management solutions, today announced that Dennis C. Cooke has joined Ryder’s Fleet Management Solutions business segment as Senior Vice President and Chief of Operations, U.S. and Canada. In this role, reporting to Ryder President of Global Fleet Management Solutions Robert Sanchez, Mr. Cooke will be responsible for leading the North America operations for the company’s largest business segment, which manages a fleet of more than 180,000 vehicles from 850 locations, servicing the needs of more than 15,000 customers.
“Dennis has proven capability in building large teams that accelerate growth, and has a track record of proven results in driving operational efficiencies and increased profitability,” said Mr. Sanchez. “We are pleased to welcome Dennis to Ryder and look forward to the benefits of his strong leadership skills, as our team works to accelerate profitable growth.”
Mr. Cooke joins Ryder following a 22-year career with GE and related companies, where he progressed through numerous technical and general management roles, leading large complex P&Ls and global functions in both the healthcare and security industries.
After joining the GE organization in 1989, Mr. Cooke held positions of increasing responsibility with GE Healthcare, including serving as Vice President and General Manager of GE Healthcare’s Global MRI business from 2000 to 2005. In this role, he had responsibility for $1.2 billion of global revenue, with direct responsibility for all products planning, marketing and engineering. Mr. Cooke later served as President and CEO of GE Security’s Homeland Protection business. In this position, he had full P&L responsibility and provided strategic leadership to a global team of employees. Following the sale of GE’s Homeland Protection business to Safran group in 2009, the business was renamed Morpho Detection, Inc., and Mr. Cooke continued serving as President and CEO and was named a Board Director.
Mr. Cooke earned his MBA from the University of Chicago, and holds both master’s and bachelor’s degrees in Electrical Engineering from Purdue University. He also is a Six Sigma Green Belt.
About Ryder’s Fleet Management Solutions Business
Fleet Management Solutions is Ryder’s largest business segment, providing leasing, rental and programmed maintenance of trucks, tractors and trailers to commercial customers.
Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index. Inbound Logistics magazine has recognized Ryder as the top third party logistics provider and included Ryder in its 2010 and 2011 “Green Partners” listing. Ryder also ranked 114 out of the top 500 U.S. companies and sixth in its industry sector in the 2010 Newsweek Green Rankings. Security magazine has named Ryder one of the top companies for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information on Ryder System, Inc., visit www.ryder.com.
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.