Art García, named to the board of directors of Raymond James Financial Inc.
He joins the appointment of Raymond W. McDaniel, chairman of Moody's Corporation.
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Through these appointments, which became effective in the middle of this month seeking to improve the structure of board committees, the Audit and Risk Committee was divided into two separate groups, where García will lead the Risk Committee.
Paul Reilly, Raymond James chair and CEO, stated:
Art and Ray have built impressive careers serving on the front lines of their companies’ domestic and international expansions.
Currently 62, García served as executive vice president and chief financial officer of Ryder System Inc. until his retirement in April 2019, where he oversaw the finance, audit, strategic sourcing, risk management, investor relations and corporate development, and strategy.
At Ryder he also held various positions of increasing responsibility in accounting, including director of Group Accounting Services.
García, who began his career with the accounting firm Coopers & Lybrand LLP, has a bachelor's degree in accounting from Florida State University and was a certified public accountant before retirement.
He also serves on the boards of directors of ABM Industries Incorporated, American Electric Power Company, Inc., and Elanco Animal Health Incorporated.
Garcia describes himself on his LinkedIn profile as a “transformational senior executive with extensive experience leading finance operations, strategic planning, mergers and acquisitions, accounting, and regulatory compliance at a Fortune 500 company.”
Congratulations to #LCDAMember, Art Garcia, who was appointed to #Fortune356 @RaymondJames Financial, Inc. (NYSE:RJF) Board of Directors.— Latino Directors (@LatinoDirectors) April 24, 2023
Learn More: https://t.co/g8JqVlvcEt#LCDAOnTheRise #LatinoLeaders pic.twitter.com/uU13Yiadd4
Likewise, García highlights his main professional strengths:
- Key member of executive team that established new business model and implemented strategy to accelerate growth and profitability.
- Brings deep experience leading corporate restructuring, evaluating and integrating acquisitions, and re-engineering finance operations to maximize performance and service quality and capture savings.
- Significant public and private capital market experience with proven track record of cost-effective capital allocation.
- Board member with Audit and Enterprise Risk Committee experience.
“As a growth company, we look forward to integrating their experience and expertise with our current Board to help inform Raymond James’ continued innovation and growth strategy in service to advisors and their clients. I am confident they will bring new and diverse perspectives to our discussions,” added Reilly.
About Raymond James Financial, Inc.
It is a leading diversified financial services company offering private client groups, capital markets, asset management, banking and other services to individuals, businesses and municipalities.
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