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May 6, 1999 10:12 AM, EDT

Ryder System selected C.J. "Corky" Nelson as senior executive vice president of finance in what some analysts think may be the first of several top managerial changes.

Nelson joins Miami-based Ryder from Koch Industries, a large, privately held petrochemical and agribusiness firm based in Wichita, Kan. He had been president of Koch Capital Services since 1992.

Ryder Chairman M. Anthony Burns said Nelson will bring "a wealth of experience and a set of skills that will be critically important as we continue the process of changing Ryder into a less asset-intensive, more services-oriented company."

Nelson has experience in innovative financing for equipment portfiolios such as securitization, in managing large lease portfolios and in overseeing finance companies, Burns said.

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