CLEVELAND, Aug. 10,
2022 /PRNewswire/ -- Hyster-Yale Materials Handling,
Inc. (NYSE: HY) announced that Kenneth C.
Schilling, Senior Vice President, Chief Financial Officer
and Treasurer, intends to retire from the Company effective
December 31, 2022, after a 31-year
career with Hyster-Yale and its predecessor parent company, NACCO
Industries. In the context of this retirement, the Board of
Directors has appointed Scott A.
Minder, currently the Vice President – Treasurer and
Investor Relations of ATI Inc., to succeed Mr. Schilling as Senior
Vice President, Chief Financial Officer and Treasurer effective
August 29, 2022. At that time, Mr.
Schilling will become Senior Vice President – Special Financial
Advisor to the Chairman to help ensure a seamless transition until
his retirement date.
During Mr. Schilling's tenure as Chief Financial Officer and
Treasurer, he has been a key member of the Hyster-Yale senior
management team. He has directed important strategic financial
initiatives, including guiding Hyster-Yale through its spin off
from NACCO Industries in September
2012. Further he has been an important influence on enabling
the Company to best leverage its resources for investments in the
people, products and processes that are setting the path for the
Company's long-term growth. Mr. Schilling's service to the Company
over the past 31 years has been outstanding and the senior
leadership team is grateful that Mr. Schilling will lend his
experience and expertise to ensuring a successful transition of the
Chief Financial Officer and Treasurer role to Mr. Minder.
Mr. Minder most recently served as Vice President – Treasurer
and Investor Relations of ATI Inc. since June 2018, having previously served as Vice
President, Investor Relations since joining ATI in June 2017. Previously he worked for PPG
Industries from 2009 to 2017 in various financial roles, including
Director, Investor Relations, Global Business Controller –
Industrial Coatings, Packaging Coatings and CFO-Automotive OEM
Coatings. Prior to joining PPG Industries in 2009, Mr. Minder was
CFO for the automotive division and Director, Global Quality at
Penske Logistics. Mr. Minder also had a distinguished 11-year
career with General Motors that spanned several positions of
increasing responsibility within the finance function, including
roles in manufacturing, marketing and corporate locations,
culminating in investor relations. He has a B.S. in Management from
Kettering University and a Master of
Business Administration from Duke
University.
In his role as Senior Vice President, Chief Financial Officer
and Treasurer, Mr. Minder will oversee Hyster-Yale's finance,
investor relations, tax and treasury functions.
Mr. Minder's selection is the outcome of an in-depth process to
ensure that Mr. Schilling's successor has an extensive background
in financial leadership, including treasury and process
improvement, as well as financial oversight and participation in
the Company's strategic initiatives. Mr. Minder's expertise makes
him an outstanding successor as Hyster-Yale's next CFO and
Treasurer. His breadth of financial expertise and background as a
strong business leader, particularly in the automotive industry, is
expected to serve the Company well as it continues to invest in its
long-term growth strategy.
About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc., headquartered in
Cleveland, Ohio, offers a broad
array of solutions to meet the specific materials handling needs of
customers' applications. The Company's wholly owned operating
subsidiary, Hyster-Yale Group, Inc., designs, engineers,
manufactures, sells and services a comprehensive line of lift
trucks and aftermarket parts marketed globally primarily under the
Hyster® and Yale®
brand names. Subsidiaries of Hyster-Yale Group include Bolzoni
S.p.A., a leading worldwide producer of attachments, forks and lift
tables marketed under the Bolzoni®, Auramo®
and Meyer® brand names, and Nuvera Fuel Cells, LLC, an
alternative-power technology company focused on fuel cell stacks
and engines. Hyster-Yale Group also has significant joint ventures
in Japan (Sumitomo NACCO) and in
China (Hyster-Yale Maximal). For
more information about Hyster-Yale Materials Handling, Inc. and its
subsidiaries, visit the Company's website at
www.hyster-yale.com.
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SOURCE Hyster-Yale Materials Handling, Inc.