Hyster-Yale Appoints Matthew Cornell as CFO Effective Nov. 1

Matthew J. Cornell takes over as Hyster-Yale, Inc.’s senior vice president and chief financial officer on Nov. 1. Cornell is scheduled to assume the separate principal financial officer role Nov. 4. Chief Executive Officer Rajiv K. Prasad will remain principal financial officer until Hyster-Yale files its quarterly report for the period ended Sept. 30. Cornell’s initial annual base salary is $605,000. Cornell’s most recent role at Stanley Black & Decker was president and general manager of its Specialty Tools & Storage Solutions business, which he led from October 2022 through October 2025. From May 2020 until June 2024, Cornell held the CFO post for Stanley Black & Decker’s Industrial Segment.

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