Burger King Chairman, CEO and President John H. Dasburg Elected to Ryder System, Inc. Board of Directors

    MIAMI--May 3, 2002--Ryder System, Inc. , a global leader in transportation and supply chain management solutions, announced that John H. Dasburg, Chairman, Chief Executive Officer and President of Burger King, Corp., has been elected to the Board of Directors of Ryder System, Inc.
    "We enthusiastically welcome John to the Board as Ryder continues to focus on continuous improvement and strives to accelerate its drive to develop its products and services to meet customer needs," said Gregory T. Swienton, Ryder's Chairman, Chief Executive Officer and President.
    "I am honored to be a part of this distinguished Board and am confident in its ability to provide Ryder's customers, shareholders and employees with sustainable, profitable growth and its continued innovation and leadership in the industry," said Dasburg.
    Dasburg was named Chairman, Chief Executive Officer and President of Burger King in February 2001. Prior to joining Burger King Corporation, he served as President and Chief Executive Officer of Northwest Airlines for 10 years. In 1980, he joined Marriott Corp. and later served as president of Marriott's Lodging Group and executive vice president of Marriott Corp. From 1973 to 1980, Dasburg served as a partner with KPMG LLP and served in the United States Navy from 1966 to 1969.
    Dasburg currently serves on the Board of Directors of Genuity, Inc., The Mayo Foundation and St. Paul Companies, Inc. He was appointed by President George W.H. Bush to the White House Fellow Committee in 1991 and Florida Governor Jeb Bush appointed him to the Board of Trustees of the University of Florida in 2001.

    About Ryder

    Ryder provides leading-edge transportation, logistics and supply chain management solutions worldwide. Ryder's product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management. Additionally, Ryder offers comprehensive supply chain solutions, consulting, lead logistics management services and e-Business solutions that support customers' entire supply chains, from inbound raw materials and parts through distribution and delivery of finished goods. Ryder serves customer needs throughout North America, in Latin America, Europe and Asia.
    For the sixth consecutive year, Ryder was featured in the 2002 Fortune Most Admired Companies survey of corporate reputations. Forbes named Ryder to its "Magnetic 40" as "Best in Transportation and Logistics" for creating a "network of partnerships that can spur growth, innovation and most important, serve customers better." InternetWeek named Ryder as one of the top 100 U.S. companies for effectiveness in using the Internet to achieve tangible business benefits. For the fourth consecutive year, Inbound Logistics recognized Ryder in 2001 as the top third-party logistics provider. The National Safety Council selected Ryder to receive the 2002 Green Cross for Safety Medal - its highest honor - for exemplary commitment to workplace safety and corporate citizenship.
    Ryder's stock is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. With 2001 revenue of $5.01 billion, Ryder ranks 341st on the Fortune 500 and 326th on the Barron's 500.
    For more information on Ryder System, Inc., visit http://www.ryder.com.