Ryder CEO Robert Sanchez retires March 31, 2026; John Diez appointed successor

RYDER SYSTEM INC

Robert Sanchez steps down as CEO effective March 31, 2026, becomes Executive Chair of the board.
John Diez, currently President and COO, named CEO and elected to board effective March 31, 2026.
Sanchez executive chair comp: $800k salary, 125% target bonus, $4.7M LTI (time-vesting only).
Diez CEO comp: $950k salary, 150% target bonus, $6.25M annual LTI, severance up to 3x salary+bonus on change-in-control.
Sanchez will not receive severance; existing severance agreement remains in effect.

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