Rajiv K. Prasad
President and Chief Executive Officer, Hyster-Yale Materials Handling, Inc.
President and Chief Executive Officer, Hyster-Yale Group
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.
Anthony J. Salgado
Mr. Salgado became Chief Operating Officer of Hyster-Yale Group in July 2019 and is responsible for performance of the company’s global lift truck business operations and interests across the Americas, EMEA, Asia-Pacific, India, China, and Japan. Mr. Salgado has over 20 years of experience in the materials handling industry, most recently as Senior Vice President, Japan, Asia-Pacific, India and China for Hyster-Yale Group since 2016. Prior to joining the group, Mr. Salgado held the role of Vice President and Corporate Officer of UniCarriers Corporation (formerly Nissan Forklift), and President of the Americas Division. During his 15 years with UniCarriers/Nissan, his experience also included leadership roles in quality, manufacturing, and aftermarket operations, including the role of Vice President, manufacturing operations. During this time, Mr. Salgado was also a member of the Industrial Truck Association Board of Directors and Executive Committee. Additionally, Mr. Salgado previously held positions with GE Appliances and GE Capital in Six Sigma and Quality leadership roles, as well as served as a Lieutenant in the United States Navy, completing tours as a Surface Warfare Officer aboard the USS Fort McHenry and as the Executive Officer of the US Navy Ceremonial Guard in Washington, DC. Mr. Salgado holds a Bachelor of Science degree in Aerospace Engineering from the United States Naval Academy.
Stephen J. Karas
Senior Vice President, President APIC
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.
Stewart D. Murdoch
Senior Vice President and Managing Director, Europe, Middle East and Africa
Mr. Murdoch joined Hyster-Yale Group in September 2020 and became Senior Vice President and Managing Director, Europe, Middle East and Africa in October 2020. In this role, Mr. Murdoch oversees all sales, marketing, manufacturing, finance and pricing functions for the Hyster® and Yale® product lines, as well as their extensive distribution network. In addition, his responsibilities include all Hyster-Yale Group products and lift truck services, financial services, major accounts and dealer relations for EMEA.
With over 25 years experience in the global markets of bulk material handling and industrial process automation (including capital equipment, systems integration, process solutions and aftermarket services), prior to joining Hyster-Yale, Mr. Murdoch held Executive Management and operational leadership positions in mainland Europe and the United Kingdom as Vice President of the Schenck Process Group, Germany and UK Managing Director / GM and Head of EMEA North & Australasia for the Habasit Group, Switzerland.
A Fellow of the Chartered Management Institute, with a profound background in Engineering, Business Administration, M&A, and Strategic Corporate Development, Mr. Murdoch holds a BSc in Civil Engineering and MSc in Bulk Solids Handling Technology from Glasgow Caledonian University, UK and an MBA from the OUBS, UK.
Charles F. Pascarelli
Senior Vice President, President, Americas
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.
David M. LeBlanc
President, Global Technology Solutions Division
In February 2022, Mr. LeBlanc was appointed to the role of President for the newly established Global Technology Solutions Division. In this position, Mr. LeBlanc is responsible for overseeing the company’s technology-driven, product and project-based business units of Telemetry, Operator Assist Systems, Automated Lift Truck Solutions, Alternative Motive Power Solutions, and Heavy-Vehicle Electrification Solutions.
Mr. LeBlanc joined Hyster-Yale in 2018 as VP Strategy, Planning, & Business Development where he oversaw the company’s Corporate F,P,&A, Strategic Planning, and M&A activities. Prior to joining Hyster-Yale, Mr. LeBlanc held a number of leadership roles in industrial companies, most recently with Valmont Industries where he served as Group President of its International Engineered Support Structures division, after an expansive career at Lincoln Electric where he held the Regional President roles of Latin America, EMEA, and Asia Pacific. He earned a bachelor’s degree in Mechanical Engineering from Rensselaer Polytechnic Institute and an MBA from Harvard University.
Vice President, Global Operations
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.
Tracy S. Hixson
Vice President, Global Supply Chain
Mr. Hixson is Vice President, Global Supply Chain for Hyster-Yale Group and is responsible for all supply chain operations, new product procurement, logistics, demand planning and category management. Mr. Hixson has held various supply chain roles of increased responsibility at Hyster-Yale since he began his career in 2007. Previously, he served as Senior Director, Category Management & Supply Chain Intelligence. Prior to his tenure at Hyster-Yale, Mr. Hixson held leadership positions in supply chain, operations and quality at several respected fortune 500 companies including Maytag and Brunswick Corporation with successful careers in the Marine and Major Appliance Industries. He has 31 years of Supply Chain experience in international sourcing, procurement and category management. Mr. Hixson holds a BA in Economics for the University of Tennessee and a Masters in Organization Management from Tusculum College.
Brian A. Jennings
Vice President, Associate General Counsel – Americas, CBDC, APIC
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.
Senior Vice President, Global Product Development
As Senior Vice President, Global Product Development, Mr. Somayajula has global responsibility for all aspects of Hyster-Yale Group's product development including product strategy, design, engineering, research and development, and technology innovations such as Electrification, Fuel Cells, and Automation to deliver the right trucks at the right price with the lowest cost of ownership while enhancing productivity for our customers. Drives industry and customer-focused solutions to meet their evolving needs, and continuous improvement to new product introduction (NPI) process and talent development to enhance speed to market and innovation culture. His career in product development began in 1983 with major corporations: International Truck and Engine Corporation, Ford Motor Company and Case New Holland Corporation. Mr. Somayajula joined Hyster-Yale Group in 2001 as Vice President, Counterbalanced Engineering. He holds a Master’s Degree in Mechanical Engineering from Michigan State University, and a PhD in Mechanical Engineering from Iowa State University.
Jon C. Taylor
Vice President, Chief Financial Officer
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.