Hyster-yale materials handling, inc. and hyster-yale group, inc. announces management changes

The boards of directors of hyster-yale materials handling, inc. and hyster-yale group, inc. (hyg) announced that colin wilson will retire as the operating company's president and chief executive officer, and as president and chief executive officer, hyg of hyster-yale materials handling effective december 31, 2019. mr. wilson joined hyg in 1988 and has served as hyg's president and chief executive officer since september 2014. effective january 1, 2020, rajiv k. prasad will become president and chief executive officer of hyg and president and chief executive officer, hyg of hyster-yale materials handling. mr. prasad has over 12 years of experience with hyg, most recently as chief product and operations officer where he oversees all product development, supply chain, manufacturing strategy, digital solutions and it activities. mr. prasad also provides executive leadership for the nuvera business and, from july 1, 2019, all of the lift truck operations.
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