Toromont Industries Ltd. announces that Scott Medhurst, President, has advised the Board of Directors that he intends to retire within the next 12 to 18 months after a successful 34 year career with Toromont, the last 10 years as President. In addition to providing a lengthy notice period, Scott has agreed to assist in the transition and act as an advisor to the new President and CEO. The Board of Directors of Toromont wants to thank Scott for his dedicated service and contribution over the past 34 years.

Under his leadership, Toromont has assembled a strong team of executives who have led the Corporation to remarkable growth and profitability through strong customer and stakeholder focus. In 2017, under Scott's leadership, the Toromont team completed the acquisition of the Caterpillar dealership in Eastern Canada and its very successful integration leading to substantial creation of shareholder value.