Leadership & Pay ·
Hyster-Yale appoints Matthew Cornell as CFO effective Nov. 1 with $605K base salary
HYHyster-Yale, Inc.
The Board of Directors appointed Matthew Cornell as Senior Vice President and Chief Financial Officer, effective November 1, 2026. He succeeds Rajiv K. Prasad, who will serve as principal financial officer until the filing of the quarterly report for the period ending September 30, 2026. Cornell brings prior experience from Stanley Black & Decker. His compensation includes a $605,000 annual base salary, a target annual incentive bonus of up to 60% of the role's midpoint, and long-term equity incentives valued at 90% of the midpoint. Additional terms include a $75,000 sign-on cash bonus, a one-time award of 3,500 shares, and a $20,000 annual perquisite allowance. Hyster-Yale manufactures industrial trucks and lift equipment.