FOR IMMEDIATE RELEASE
Ryder Appoints Chris Steilberg Vice President, Talent
MIAMI, April 7, 2005 /PRNewswire-FirstCall via COMTEX/ -- Ryder System, Inc. (NYSE: R), a global leader in transportation and supply chain management solutions, today announced the appointment of Robert Christopher (Chris) Steilberg, Vice President, Talent. In this new role, Mr. Steilberg will be responsible for leading Ryder's employee development initiatives, succession planning and staffing initiatives for future growth reporting to Jennifer Thomas, Chief Human Resources Officer.
Mr. Steilberg joins Ryder from Burger King Corporation, where he most recently served as Senior Director of Talent and Organization Development. In that role, he designed and orchestrated worldwide talent management and development systems and was instrumental in achieving a solid cultural foundation to further the leadership goals of the Company. Earlier, he was a senior consultant with MCIWorldCom and The Coca-Cola Company in Atlanta, with a focus on human resource planning and organizational talent development.
"Attracting, developing and leveraging Ryder's people are key drivers in our ability to successfully develop solutions for the Company's 15,000 customers worldwide," said Jennifer Thomas. "Chris's track record of success in assessing the needs of an organization and effectively implementing Human Resources strategies will be instrumental in developing our talent for future growth."
Mr. Steilberg began his human resources career at the BellSouth Corporation where he spent seven years in positions of increasing responsibility from management assessment and development programs to executive-level succession planning.
Mr. Steilberg earned a Ph.D. and master of science degree in Industrial/Organizational Psychology from Georgia Institute of Technology and a bachelor of arts degree in Psychology with honors from the University of the South.
Mr. Steilberg is a member of the American Psychological Association, the Society of Industrial/Organizational Psychology and the Human Resources Planning Society. He is a past president of the Atlanta Society of Applied Psychology.
About Ryder
Ryder is a Fortune 500 company providing leading-edge transportation, logistics and supply chain management solutions worldwide. Ryder's stock (NYSE: R) is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. For more information about Ryder System, Inc., visit http://www.ryder.com .
SOURCE Ryder System, Inc.
Edward Rifenburg
1-305-500-4161
or
Edward_Rifenburg@Ryder.com
or Lisa Brumfield
1-305-500-3668,
or
Lisa_Brumfield@Ryder.com
both of Ryder System, Inc.
http://www.prnewswire.com
Certain statements and information included in this presentation are "forward-looking statements" under the Federal Private Securities Litigation Reform Act of 1995. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties inherent in our business that could cause actual results and events to differ materially from those in the forward-looking statements. Important factors that could cause such differences include, among others, our ability to obtain adequate profit margins for our services, our inability to maintain current pricing levels due to customer acceptance or competition, customer retention levels, the possibility that changes in customers' business environments will limit their ability to commit to long-term vehicle leases, changes in market conditions affecting the commercial rental market or the sale of used vehicles, higher borrowing costs and possible decreases in available funding sources caused by adverse changes in debt ratings, resolution of the tax audits described in our filings with the SEC and the amount and timing of any payments required to be made by the Company in connection therewith, changes in accounting assumptions, adequacy of accounting accruals, changes in general economic conditions, availability of heavy- and medium-duty vehicles, increases in fuel prices, availability of qualified drivers, the Company's ability to create operating synergies in connection with its acquisitions of Ruan and General, and changes in government regulations, including regulations regarding vehicle emissions, drivers' hours of service and security regulations issued by the Department of Homeland Security. The risks included here are not exhaustive. New risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risks on the Company's business. Accordingly, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.