Rajiv K. Prasad became President and Chief Executive Officer of Hyster-Yale Materials Handling, Inc. in May 2023. As CEO, he leads the Company’s operating and strategy activities. Previously, in February 2021, Mr. Prasad became President of Hyster-Yale Materials Handling. As President, Mr. Prasad has executive oversight responsibilities for the Company’s subsidiaries which includes the attachment business, Bolzoni, S.p.A., the fuel cell business, Nuvera Fuel Cells, LLC and Hyster-Yale Group, the forklift truck business. He also holds the position of President and CEO of Hyster-Yale Group where Mr. Prasad is charged with providing the strategic vision, global leadership and guide executions that keep Hyster-Yale Group moving forward to achieve its business and financial goals.

Mr. Prasad’s prior position at Hyster-Yale Group was Chief Product and Operations Officer where he guided all aspects of product development, manufacturing, quality, supply chain and IT. Mr. Prasad joined NMHG in 2007 where he led developments that included introduction of the new Global/Product Platforms. In 1986, Mr. Prasad began his career in product development with Ford Motor Company. In 1999, he joined Lear Corporation, taking on positions with greater responsibility, before moving to International Truck and Engine Corporation where he served as Vice President of Global Product Development. He holds a Bachelor’s Degree in Electrical/Electronic Engineering and a Master’s Degree in Advanced Vehicle Concepts from Loughborough University, in Leicestershire, UK.

Mr. Karas is the Senior Vice President, President APIC for Hyster-Yale Group. In this role, Mr. Karas oversees all sales, marketing, finance, and pricing functions for the Hyster® and Yale® lines of products, as well as their extensive distribution network. In addition, his responsibilities include all Hyster-Yale Group products and lift truck services, financial services, fleet management, major accounts and dealer relations for the Asia Pacific region. Mr. Karas has over 10 years of experience in the material handling industry, with over 20 years at senior leadership levels, including as Vice President, President Asia-Pacific and four years as Vice President, Global Supply Chain for Hyster-Yale Group. Prior to joining the group, Mr. Karas served in operational and supply chain leadership positions for Fortune 500 companies Textron, Dover, and Maytag. Mr. Karas holds a BA in Materials and Logistics Management from Michigan State University is a certified Six Sigma Greenbelt and also participated in the Thunderbird School of Global Management Executive Leadership Program.

Mr. Pascarelli is the Senior Vice President and President, Americas for Hyster-Yale Group. In this role, Mr. Pascarelli oversees all sales, marketing, manufacturing, finance, and pricing functions for the Hyster^® and Yale^® lines of products, as well as their extensive distribution network. In addition, his responsibilities include all Hyster-Yale Group products and lift truck services, financial services, fleet management, national accounts and dealer relations for the Americas. Mr. Pascarelli also serves on the Board of Wells Fargo Financial Services; an instrumental partner to Hyster-Yale Group. Mr. Pascarelli also serves as the Board Chairman for the United Way of Pitt County, NC, and serves as a Board Member for the Raleigh, NC, chapter of Make-A-Wish foundation. Prior to joining the company, he successfully functioned as the President of Sales and Marketing for The Raymond Corporation. During this time, he also served as Chairman of the Board for numerous dealer partners, and as a Board Member at Binghamton University, School of Management. Previous to The Raymond Corporation, Mr. Pascarelli was employed by Fuji Film, Co, Ltd., as Vice President and General Manager, where he was accountable for distribution, sales and marketing and services for the company in the Americas, and all Pacific Rim Countries. His career has led him to possess nearly three decades of sales, marketing, distribution, and manufacturing leadership experience in the materials handling, capital goods, consumables and electronics industries. Mr. Pascarelli holds B.S. and master’s degrees from Northeastern University, and an MBA from Fairleigh Dickinson University.

Mr. Corini is responsible for global manufacturing strategy and deployment, quality, processes, manufacturing engineering and innovation. He has the primary responsibility for the leadership and development of the strategic footprint, product placement, new product options and decision making for our manufacturing sites company wide.

Mr. Corini relocated to Portland, Oregon from Bergamo, Italy in 2014 to accept the position of Vice President, Engineering at our Counterbalance Development Center. He held this position until promotion to his current role in 2018. Prior to his move Mr. Corini was the Plant Manager of HYG’s Masate Plant in Masate, Italy. Other experience includes various manufacturing leadership and management positions in HYG’s Modena Plant in Modena, Italy.

Mr. Corini received a degree in Mechanical Engineering with a Master’s degree in Industrial Engineering for the Polytechnic of Milan, Italy.

Mr. Jennings is Vice President, Associate General Counsel, with responsibility for legal activities in the Americas and APIC theaters. Prior to joining Hyster-Yale in 2018, Mr. Jennings was engaged in the private practice of law for two decades, primarily with Perkins Coie LLP in Seattle, Washington, and Portland, Oregon. He received a Bachelor of Arts degree in Psychology from the University of Missouri and a Juris Doctor degree from the University of Virginia School of Law.

Mr. Taylor became Vice President, Chief Financial Officer in February 2022. In his new role, he will oversee Hyster-Yale Group’s Financial Planning and Analysis Group, as well as the Product Development and Procurement Financial Analysis Group. Previously, Mr. Taylor was Vice President Finance, Lift Trucks and will continue his current responsibilities for global lift truck finance strategy, processes, performance, and continuous improvement. Prior to June 2020, Mr. Taylor was President of Nuvera Fuel Cells from April 2015, Interim CEO of Nuvera from December 2014, and Vice President, Business Development and Financial Planning and Analysis from September 2014. Prior to September 2014, he served as Director Corporate Strategy, Financial Planning and Analysis since 2008. Mr. Taylor also serves on the Board of Directors for the Company’s joint venture in Japan, Sumitomo-NACCO Material Handling Group. From 1993 to 2008, Mr. Taylor served in various accounting, finance and marketing roles at Hyster-Yale Group in both the Corporate and European Headquarters. Mr. Taylor has a B.S. in Business Finance from the University of Utah and an MBA in International Business from the University of Washington. He also completed international study programs at Cambridge University and the Cranfield Institute of Technology in the U.K. He has represented Hyster-Yale on the Industry Trade Advisory Committee for Automotive Equipment and Capital Goods, and is a former member of the Pacific Northwest International Trade Association. Jon is a volunteer for The Winchester Committee for a Better Chance serving as Treasurer and Board Member.

Mr. Rossi was appointed Chief Operating Officer of Bolzoni Group in January 2019 and in this role he is responsible for the development and implementation of global strategy and the performance of the Group.

Mr. Rossi has over 25 years of experience gained in multinational contexts in various industries and has held positions of increasing responsibility in marketing, finance and operations. After working as a marketing analyst at IBM EMEA, from 1998 to 2001, Mr. Rossi held the position of Finance Director at the Crown Cork and Seal Company Group and then became a plant controller with the current Guala Closures Group, both multinational leaders in the flexible packaging and closures industry. In 2001, Mr. Rossi joined the Bolzoni Group as Group Controller, participating in the main M&A transactions and operational projects. In 2006, Mr. Rossi became the Investor Relator and Internal Auditor and contributed to the listing of the Bolzoni Group, assisted by leading Italian banks and by the consultancy firm Bain & Company. The Bolzoni IPO was awarded best IPO of the year at Milan Stock Exchange by Intesa bank. From 2012 to 2018, Mr. Rossi held the role of Group Chief Financial Officer in a leading company in the wood design industry.

Mr. Rossi has a master's degree in Business and Administration and a second degree in Political Science with a specialization in marketing, both achieved at University of Parma, Italy.

In September 2015, Mr. Gatto joined the Bolzoni Group as General Manager of the Hebei, China plant. Prior to joining the Bolzoni Group, Mr. Gatto had a distinguished career spanning many positions of increasing responsibility within the manufacturing sector.

In July 2023, Mr. Gatto was appointed as the President of APIC of Bolzoni Group, responsible for production and sales in the Chinese market, management of the Australian branch, and sales business in the Asia Pacific region.

Mr. Gatto holds a Graduate Degree in Mechanical Engineering from La Sapienza University, Rome. Mr. Gatto also has a significant background and training in Lean Production Methods.

In September 2004, Mr. Scotti joined the Bolzoni Group. In 2011, he became the General Manager and Legal Representative of Bolzoni Auramo (Wuxi) Forklift Truck Attachment Co., Ltd, initiated new factory investment, responsible for all company operations. During years of working, Mr. Scotti increased the company's share in the Asia Pacific market, and established a research and development department in the Wuxi factory, achieving the localization of main products to better and faster meet market demand.

In 2020, Mr. Scotti was appointed as the President of APIC of Bolzoni Group, responsible for production and sales in the Chinese market, management of the Australian branch, and sales business in the Asia Pacific region.

In July 2023, Mr. Scotti was appointed as the President of EMEA.

Mr. Scotti holds a Master degree of Engineering from Milan Politecnico University. In 2010, he got Six Sigma Training Black Belt. Mr. Scotti is a passionate, motivated, adaptable, and responsible leader with excellent communication skills and experience working with a variety of people in multinational corporations.

Ralph is responsible for Nuvera’s product and technology innovation roadmap that is responsive to market trends and customer needs. He focuses on making comprehensive technical support available to customers globally, so that Nuvera remains a leading fuel cell engine and stack provider. Ralph has a solid track record of delivering innovative vehicle and stationary power systems projects at many levels of maturity, from research to pre-production. He served most recently as Head of Hydrogen and Fuel Cells at Jaguar Land Rover, UK and Director of Fuel Cell Development at Great Wall Motors, China. Ralph has BSc, MSc, and PhD degrees from Imperial College London, where he is currently an Honorary Research Fellow.

In September 2021, Mr. Kedar Murthy became Chief Commercial Officer of Nuvera Fuel Cells overseeing the commercialization, distribution and aftermarket service of Nuvera’s cost-effective fuel cell solutions for commercial and industrial mobility applications. Mr. Murthy’s career has spanned large companies, private equity and startups. He gained experience at General Electric and Cabot Corp. At General Electric, Mr. Murthy was recognized as “Marketing Person of the Year” and spent time on corporate audit staff earning his six-sigma black belt. At Cabot his experience included leadership roles in corporate strategy, manufacturing and Mr. Murthy was Global Sales Director for all customer facing groups including sales, marketing, technical service and the website. After working at large enterprises, he became Executive Vice President of the Global OEM business at private equity backed GPX International leading a global tire business which was subsequently acquired. Later Mr. Murthy joined start-up Lehigh Technologies Inc., a venture capital funded specialty materials company as Vice President and General Manager, building and globalizing this business before it was acquired by Michelin. Mr. Murthy has a BS degree in Chemical Engineering from the Rose-Hulman Institute of Technology and an MS degree in Chemical Engineering from the University of Wisconsin-Madison. Mr. Murthy is on the advisory board of Silpara Technologies, the co-chair of Boston Latin School Association, and President of the Rose-Hulman Institute of Technologies Alumni Association.