MIAMI–(BUSINESS WIRE)– Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain management solutions, today announced that Thomas F. Pettit has joined the Supply Chain Solutions business segment as Senior Vice President and General Manager. In this role, reporting to John Williford, President, Global Supply Chain Solutions, Mr. Pettit is responsible for leading the operations of Ryder’s supply chain industry groups, including Automotive & Industrial, Hi-Tech/Electronics, Consumer Packaged Goods, and Retail.
“Tom has a proven track record using lean practices to drive great execution and innovation,” said Mr. Williford. “We are very pleased to welcome Tom to Ryder and look forward to his leadership as our team continues to accelerate profitable growth.”
Mr. Pettit has succeeded Thomas Jones, who has retired after a successful 24-year career with the company. Mr. Pettit brings to Ryder outstanding experience from a 20-year career in operations and supply chain management. For the past five years, he served as Vice President of Global Operations and Supply Chain for Pentair, Ltd., a $7.5 billion global company that delivers industry-leading products, services and solutions for customers’ needs in water/fluids, thermal management and equipment protection. He led Operations and Supply Chain for Pentair’s $3.5 billion diversified products business, where he managed the global manufacturing, distribution, transportation, real estate, sourcing, and lean enterprise across eight divisions and over 10,000 operations employees.
Prior to Pentair, Mr. Pettit served as Vice President, Finance and Operational Transformation for ADC Telecommunications, Inc. In this role, he led a global finance team of more than 100 employees to improve value creation for the publicly traded $1.3 billion global telecommunications equipment company. Earlier in his career was a Corporate Sourcing Leader at General Electric, and the Product Management Leader of Global Parts and Services for GE Transportation. Before GE he was a consultant for McKinsey and Company, and an Engineer officer in the US Army.
Mr. Pettit holds a Bachelor of Science degree in Economics from the United States Military Academy at West Point in New York and an MBA in Finance from the University of Hawaii.
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 Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com and follow us on Facebook, YouTube, and Twitter.
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.
Source: Ryder System, Inc.