Business & Investment

Toyota Material Handling Announces CEO Retirement and Successor Plan

Toyota Material Handling (TMH) announced today that President and CEO Jeff Rufener will retire at the end of the month. As of January 1, 2022, the company has appointed Senior Vice President of Sales Bill Finaly to replace Rufener.

Brettwood, President and Chief Executive Officer of Toyota Material Handling North America and Chief Executive Officer of Toyota Industries, said: (TICO). “Jeff has led TMH to some of the biggest and most transformative challenges in history. He did so with elegance, empathy, and compassion. He embraced each challenge and is always positive for change. I saw an opportunity. ”

Rufener joined TMH in 2011 after working for Mitsubishi Caterpillar Forklift America for over 30 years. During his tenure at TMH, Rufener oversaw the relocation of the company’s headquarters from California to Indiana and several expansions of TMH’s Indiana campus. Rufener also managed the integration of two Columbus-based Toyota companies, Toyota Material Handling USA (TMHU) and Toyota Industrial Equipment Manufacturing (TIEM), in 2020.

During Rufener’s tenure, TICO entered the automation sector with significant strategic acquisitions such as Bastian Solutions and Vanderlande. Toyota Commercial Finance, Hoist Expands Toyota’s Large Forklift Offering. Rufener also helped TMH complete its product offering with the launch of many new electric models to ensure that the organization continues to lead for decades to come.

Rufener has always been a respected leader in the material handling industry, formerly chairman of the Industrial Truck Association (ITA) and the first chairman of the National Forklift Safety Data Sheet Force.

Rufener also defended the partnership with the American Red Cross and served as Chairman of the Board of Directors of the Southeastern Indiana Chapter, enthusiastically supporting the company’s growth over the past few years. Since 2018, the TMH-Red Cross partnership has supported businesses, dealers, and associates, including donations of rental equipment, time, expertise, money, and possibly blood donations, as part of expanding the relationship between the two organizations. Brought about.

“One of Jeff’s lasting heritage is the culture he helped build and maintain, centered around the company’s main purpose of helping people carry their luggage,” Wood said. Mr. says. “Toyota is good thanks to Jeff and the material handling industry is good thanks to Jeff. Jeff and his family want a very relaxing, healthy and safe retirement.”

Rufener said: When I joined Toyota, I thought I was doing the best job in the forklift industry. Ten years later, I can say that I know it’s the best job in the industry. This brand, this culture, this product line, and this group of Toyota dealers – all of which are in the best position I have ever sought. ”

Appointed President and CEO of TMH in January

Finerty will take over Ruferer after more than five years of leading the company’s sales team. As Senior Vice President of Sales, Finerty also oversees the development of TMH’s customer and dealer networks and chairs the board of directors of TMH’s equity-owned dealers and the company’s heavy-duty division.

Under Finerty’s leadership, TMH set a record in sales, profits and market share.

Finerty has been involved in the industry for over 30 years and previously held several executive leadership roles at Caterpillar, Inc.

“We conducted a thorough assessment, including TICO executives, and after that analysis, everyone agreed that Bill was the right person to lead the organization,” Wood said. “Bill has done an extraordinary job of leading Toyota’s sales team to record success. His leadership style fits perfectly into our culture and he says Toyota is all about us. We are passionate about helping you succeed in that. Everyone will find it difficult to fill Jeff’s shoes, but we are confident that Bill is ready to succeed in this role. Is driven from the inside, so the transition will be smooth. ”

“Thanks to Jeff for his great leadership, mentorship and friendship, and to Brett and TICO for giving me confidence when I stepped into this role,” said Finnerty. .. “I am honored to have the opportunity to work with a team of talented associates and dealers to advance TMH’s growth strategy over the next few years.”

Jaksa Pejnovic will replace Finaly as Vice President of Sales and Marketing at TMH, also dated January 1. Pejnovic has been with Toyota since 2013 and joined the TMH Executive Team in 2016 as Director of Finance, Pricing and Strategic Planning. Prior to joining TMH, Pejnovic held many financial and accounting positions at CNO Financial Group for 12 years.

“Jaxa was an integral part of Toyota’s success by leading the development and execution of our long-term strategy,” said Finaly. “I am confident that he will help bring industry-leading results in this new role.”

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Toyota Material Handling Announces CEO Retirement and Successor Plan Toyota Material Handling Announces CEO Retirement and Successor Plan

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