Hyster-Yale Materials Handling, Inc. Announces Retirement Of Michael P. Brogan And Promotion Of Colin Wilson
CLEVELAND, June 30, 2014 /PRNewswire/ -- The Boards of Directors of Hyster-Yale Materials Handling, Inc. (NYSE: HY) and NACCO Materials Handling Group, Inc. ("NMHG"), Hyster-Yale's wholly-owned subsidiary, announced today that Michael P. Brogan will retire as Vice Chairman and Chief Executive Officer of NMHG and as Vice Chairman and Chief Executive Officer, NMHG of Hyster-Yale, effective August 31, 2014. Mr. Brogan has given 31 years of dedicated service to NMHG. He has been instrumental in ensuring that NMHG has the right products at competitive costs and quality that properly meet the needs of NMHG's customers. Mr. Brogan leaves Hyster-Yale as a strong newly independent public company, with five key strategic initiatives in place to advance the prospects of Hyster-Yale in the future.
Effective September 1, 2014, Colin Wilson will become President and Chief Executive Officer of NMHG and President and Chief Executive Officer, NMHG of Hyster-Yale. Mr. Wilson has over 25 years of experience with NMHG, most recently as President and Chief Operating Officer and President, Americas. In these positions with NMHG, Mr. Wilson has been primarily focused on the globalization of NMHG's sales and marketing processes and programs and ensuring sound results from the Americas' businesses.
About Hyster-Yale Materials Handling, Inc.
Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, through its wholly-owned operating subsidiary, NACCO Materials Handling Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally under the Hyster® and Yale
® brand names. For more information about Hyster-Yale Materials Handling, Inc. or NACCO Materials Handling Group, Inc., visit the Company's website at www.hyster-yale.com.
SOURCE Hyster-Yale Materials Handling, Inc.