System, Inc. (NYSE:R), a leader in commercial transportation and
supply chain management solutions, today announced that Robert A.
Hagemann has been elected to its Board of Directors, effective August 1,
Mr. Hagemann, 57, 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.
"Mr. Hagemann is an accomplished leader who brings strong financial
expertise to Ryder, given his 15 years of service as a public company
CFO. His experience in business services and outsourcing is highly
relevant to our business and will no doubt be a valuable resource to our
Board and management team," said Ryder Chairman and Chief Executive
Officer Robert Sanchez. "We look forward to having the benefit of Mr.
Hagemann's combination of expertise and experience as we continue to
capitalize on favorable macro-trends in outsourcing and deliver higher
levels of profitable growth."
Mr. Hagemann holds an MBA from Seton Hall University and a bachelors
degree in accounting from Rider University. He currently serves on the
boards of Zimmer Holdings, Inc. and Graphic Packaging Holding Company.
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 a top third party logistics provider and green supply chain partner.
Ryder has also been ranked three years in a row as one of the top 250
U.S. companies in the Newsweek Green Rankings. In addition, 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 Disaster Responder
Program, supporting national and local disaster preparedness and
response efforts. For more information, visit www.ryder.com
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Note Regarding Forward-Looking Statements:Certain statements
and information included in this news releaseare
"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.
Source: Ryder System, Inc.