Hyster-Yale Materials Handling, Inc. Announces Management Changes
August 05, 2022 at 04:40 pm EDT
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On August 1, 2022, Hyster-Yale Materials Handling, Inc. appointed Scott A. Minder, age 49, as Senior Vice President, and Treasurer of the Company, effective August 29, 2022 (the Effective Date), to replace Kenneth C. Schilling, who is currently serving as CFO. Also, on August 1, 2022, Mr. Schilling notified the Company that he intends to retire from the Company, effective December 31, 2022. To ensure a smooth transition, Mr. Schilling will remain with the Company and assume a new role as the Company's Senior Vice President, Special Financial Advisor to the Chairman on the Effective Date.
Mr. Minder has served as the Vice President, Treasurer and Investor Relations of ATI Inc. (ATI), a global specialty materials and components company (from June 2018 to present), and as the Vice President, Investor Relations of ATI (from June 2017 to June 2018). Previously, he worked for PPG Industries, a global manufacturer of paints, coatings and specialty materials, in various financial roles, including Director, Investor Relations, Global Business Controller- Industrial Coatings, Packaging Coatings and CFO-Automotive OEM Coatings (from 2009 to 2017). Prior to joining PPG Industries, 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.
Hyster-Yale Materials Handling, Inc. is a globally integrated company offering a full line of application-tailored lift trucks and solutions. Its solutions include attachments and hydrogen fuel cell power products, telematics, automation, and fleet management services, as well as a variety of other power options for its lift truck. Its segments include the Americas; Europe, the Middle East and Africa (EMEA), and Japan, Asia, Pacific, India, and China (JAPIC). Through, Hyster-Yale Group, Inc., it designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments and aftermarket parts marketed globally, primarily under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships. It also designs and produces specialized products in the port equipment and rough terrain forklift markets. It distributes lift trucks and attachments primarily through two channels: independent dealers and a direct sales program.