Cencora, Inc. (NYSE: COR), headquartered in Conshohocken, Pennsylvania, is ranked #10 on the Fortune 500 and reports more than $300 billion in annual revenue as a pharmaceutical solutions organization. The company announced on Wednesday that Robert E. Sanchez, who retired as Chair and Chief Executive Officer of Ryder System, Inc. in March 2026, will join its Board of Directors as an independent director effective October 1, 2026.
Sanchez joined Ryder in 1993 and held roles including President and Chief Operating Officer, President of Global Fleet Management Solutions, and Executive Vice President and Chief Financial Officer before becoming CEO in 2013. After retiring from Ryder, he serves as its Executive Chair. He also sits on the Board of Directors of Texas Instruments and is a Trustee of the University of Miami. Sanchez holds a Master of Business Administration from the Wharton School of the University of Pennsylvania and a Bachelor of Science from the University of Miami.
Mark Durcan, Chair of Cencora's Board of Directors, said Sanchez's experience as a public-company CEO and his understanding of logistics and supply chains will complement the Board's skill set in supporting Cencora's pharmaceutical-centric strategy. Robert P. Mauch, President and Chief Executive Officer of Cencora, added that Sanchez's background across operations, finance and technology will provide insight as the company advances its priorities.
