The board of directors of Ryder System, Inc. announced the appointment of Charles M. “Chuck” Swoboda to its board, effective December 12, 2022. Mr. Swoboda will serve as a member of the audit and governance committees. Mr. Swoboda most recently served as chairman, president, and chief executive officer of Cree, Inc. (now known as Wolfspeed, Inc.), a global leader in silicon carbide technology and production.

Over his 16-year tenure as CEO (2001-2017), he led the company from $177 million in revenues to more than $1.6 billion. During this time, Cree transformed from a start-up into a global market leader with more than 6,000 employees. Under Mr. Swoboda's leadership, the company was recognized as MIT Technology Review's “50 Smartest Companies” for 2014 and as one of Fast Company's “World's 50 Most Innovative Companies” in 2015.

After retiring in 2017, Mr. Swoboda joined the board of Anixter International in May 2019, serving on its compensation committee and nominating and governance committee. He served on this board until the company was sold to WESCO International (NYSE: WCC) in 2020. The Ryder board is also increasing the size of the board to twelve members to accommodate the appointment.