Cencora, Inc. announced on September 25, 2026, that its Board of Directors has elected Robert E. Sanchez as an independent director. The appointment is effective October 1, 2026. Mr. Sanchez is currently the Executive Chair of Ryder System, Inc., a position he assumed after retiring as Chair and Chief Executive Officer in March 2026.
Before his tenure as CEO at Ryder, Mr. Sanchez spent two decades with the company, serving in roles including President and Chief Operating Officer, President of Global Fleet Management Solutions, and Executive Vice President and Chief Financial Officer.
According to the filing, Mr. Sanchez currently serves on the Board of Directors of Texas Instruments and as a Trustee of the University of Miami. He 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.
In connection with the appointment, the size of Cencora’s Board was increased from ten to eleven members. The Board has not yet assigned Mr. Sanchez to any committees. He will receive the same benefits and compensation as other non-employee directors, with cash compensation paid quarterly and equity awards pro-rated for the period beginning October 1, 2026, through the date of the Company’s 2027 Annual Meeting of Stockholders.
