On December 18, 2025, Ms. Abbie Smith informed the Board of Directors of Ryder System, Inc. of her decision to retire and not to stand for reelection at the Company?s 2026 Annual Meeting of Shareholders. Ms. Smith?s retirement is not due to any disagreement with the Company on any matter relating to the Company?s operations, policies, or practices. In addition, on December 18, 2025, the Board appointed Ms. Tammy Romo, 63, as a director to the Board, effective as of January 5, 2026.

The Board determined that Ms. Romo qualified as independent under their independence standards set forth in the New York Stock Exchange corporate governance listing standards. Ms. Romo will serve as a director until the Annual Meeting, at which time she is expected to stand for election by the Company?s shareholders. Ms. Romo will serve as a member of both the Audit and Finance Committees.

Before retiring as executive vice president and chief financial officer of Southwest Airlines on April 1, 2025, Romo oversaw all corporate financial functions for more than a decade. Over her 30-year-tenure at Southwest Airlines, Romo was well-regarded as a strategic and results-oriented CFO and governance leader, driving transformation and delivering value for the Fortune 156 transportation company. Romo?s board experience as an independent director of Tenet Healthcare Corporation (NYSE: THC) since 2015 further underscores her governance expertise.