Cleveland – October 15, 2026 -- Hyster-Yale, Inc. (NYSE: HY) has appointed Matthew J. Cornell, a former Stanley Black & Decker division president, as Senior Vice President and Chief Financial Officer, effective November 1, 2026.
Cornell comes from Stanley Black & Decker's Specialty Tools & Storage Solutions unit
Cornell most recently served as President and General Manager of Stanley Black & Decker's Specialty Tools & Storage Solutions, a global operating unit. Before that, he was Chief Financial Officer of the company's Industrial Segment.
Hyster-Yale said the appointment followed an extensive search for a leader with financial and operating experience in global industrial businesses.
Two decades of finance and operating roles span North America and Europe
Cornell's career covers more than two decades. He has led finance organizations and operating businesses across North America and Europe. His experience includes financial planning and analysis, business performance management, manufacturing operations, capital allocation and leadership of publicly reported business segments. He has also run global businesses with full profit and loss responsibility.
Cornell will oversee five finance functions at the lift truck maker
As CFO, Cornell will oversee the company's financial strategy and execution. His remit includes finance, accounting, investor relations, tax and treasury.
Hyster-Yale expects his mix of financial leadership, public company experience and operating expertise to support its focus on operational execution, disciplined capital allocation and long-term value creation.
Cornell holds a Bachelor of Science in Economics, cum laude, from the Wharton School of the University of Pennsylvania, with concentrations in Finance and Marketing.