Ryder Outlines 2026 Succession Plan for New CEO
Diez to Lead After Sanchez Amid Rising Demand for Supply Chain Services
Key Takeaways:
- Ryder System on Dec. 12 said CEO Robert Sanchez will retire in late March 2026, and President and COO John Diez will succeed him under a board-approved plan.
- Sanchez has served as CEO and chairman since 2013, while Diez’s tenure includes senior finance, operations and fleet management roles that shaped the company’s strategy.
- Sanchez will become executive chair to support the transition as Diez joins the board and takes over leadership of the Miami-based logistics company.
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Ryder System on Dec. 12 the retirement of CEO Robert Sanchez and named company executive John Diez his successor.
Sanchez is expected to retire in late March 2026. Diez currently is president and chief operating officer for the Miami-based logistics and transportation company. The board of directors-approved succession plan has him stepping into his new leadership role the day Sanchez retires. Diez also was elected to the board.
“Serving Ryder for more than three decades has truly been an extraordinary experience,” Sanchez said. “I’ve had the privilege of working alongside the most talented and dedicated professionals in our industry to deliver for our employees, customers and shareholders.”
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Sanchez has been CEO and chairman since 2013. He expressed confidence in his replacement while looking back at the two decades they have worked together, noting that Diez’s deep understanding of the business, sound judgment and strategic mindset position him to lead the company.
“Ryder is home to incredibly talented and determined people and a superb culture that are the foundation of its commitment to our customers,” Diez said. “Thanks to Robert’s strong leadership, we have enormous opportunities to continue growing as the complexity of supply chains intensifies and the demand for our port-to-door services increases.”
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Diez has served as president and chief operating officer since the start of 2025. He also has been executive vice president and chief financial officer, positions in which he contributed to the strategic direction and operational management of the company. His tenure includes serving as president of the fleet management business.
“On behalf of the board, I offer a heartfelt thank you to Robert for his steadfast leadership, strategic vision, and for delivering excellent results and record shareholder value,” said Michael Hilton, lead independent director of the board at Ryder. “Robert has led the development and execution of Ryder’s balanced growth strategy to de-risk the business, improve returns and accelerate the growth of our supply chain and dedicated businesses that has transformed the company’s return profile.”
Sanchez will assume the role of executive chair of the board of directors to ensure a smooth transition.
Ryder System ranks No. 6 on the Transport Topics Top 100 list of the largest for-hire carriers in North America and No. 7 on the TT Top 100 list of the largest logistics companies.
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