"Sanchez has been CEO of the transportation and supply chain management company since 2013, and when he got the job he brought with him two decades of experience in finance, technology, and operations. Five short months after being named CEO, he became board chair in May 2013. As chair, Sanchez leads an annual strategy session with the other 10 directors on the corporate board, which has the power to hire and fire the CEO."
"The annual reviews are a chance for board members to run a post-mortem on the year prior, talk about the year to come, and preview the three-year strategic outlook so directors can kick the tires on Ryder's plans. "It's a great time for the board members to really pressure test our strategy and think about it in different ways," said Sanchez, who previously served as the chief financial officer, chief operating officer and chief information officer at Ryder, which generated $12.6 billion in revenues last year."
Robert Sanchez became Ryder's CEO in 2013 and added board chair duties five months later, bringing two decades of finance, technology, and operations experience. As chair he leads an annual strategy session with ten directors who hold the power to hire or fire the CEO. Annual reviews serve as post-mortems, year-ahead planning, and a three-year strategic preview that allows directors to pressure-test strategy and execution. Sanchez describes the sessions as an annual toll gate for accountability and progress reporting. Discussion of Fleet Management Solutions market share (35–40%) produced an illuminating question from a director outside the industry that proved pivotal.
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