Michael (Mike) Plasencia is Executive Director of Innovation for Ryder System, Inc. He is responsible for coordinating the ideation and creation of new products in the Ryder pipeline along with developing the business cases for bringing new products to market across Ryder’s key business segments. Mike also leads operations for RyderVentures, a $50M Corporate Venture Capital fund focused on investing in startups who are driving and tackling disruptions across the supply chain.
Most recently, Mike was Senior Finance Director of the Center of Excellence within the Maintenance organization, where he and his team of data scientists were responsible for advanced financial and data analytics for a nearly $1B cost center. He also held successive roles in Operations within Ryder’s Dedicated Transportation Solutions segment, where he led the ground-up development of a Common Carrier Trucking operation in the Oil & Gas industry and managed several key account operations. Mike began his career with Ryder in 2010 as a Manager within the Corporate Strategy and Development group. Before Ryder, Mike held various roles within the Industrial Engineering function at UPS and several startup ventures.
Mike has an MBA from Harvard Business School and a Bachelor of Science degree in Computer Engineering, cum laude, from the University of Miami.