Ryder appoints new executive vice president and CFO


Ryder announced the appointment of Scott T. Parker as Executive Vice President (EVP) and Chief Financial Officer (CFO), responsible for Ryder’s financial management functions including finance and audit, treasury, tax, accounting, corporate strategy, and investor relations. Parker succeeds Art A. Garcia who announced his retirement in September 2018.

As EVP and CFO, Parker will also serve as a member of Ryder’s Executive Leadership Team and report to Chairman and CEO Robert E. Sanchez. He will join Ryder on April 5, 2019, and be based in the global headquarters in Miami, Florida.

As part of the planned succession process, Garcia will continue in the CFO role until April 5, 2019, and thereafter will serve as a special advisor to the CEO until his retirement on April 30, 2019.

Prior to becoming CFO of Ryder, Parker served as EVP and CFO for OneMain Financial, a consumer finance company.
Parker also served as the CFO for commercial finance company CIT Group Inc and for Cerberus Operations & Advisory Company.
He spent more than 15 years in leadership roles within the industrial and financial services businesses at General Electric Company, including CFO of GE Capital Solutions from 2005 to 2006.

Source: Ryder