Hyster-Yale Appoints Chief Financial Officer
Hyster-Yale, Inc. has appointed Matthew J. Cornell as Senior Vice President and Chief Financial Officer, effective November 1, 2026. He previously held leadership roles at Stanley Black & Decker.
CLEVELAND, Ohio – October 15, 2026 – Hyster-Yale, Inc., a manufacturer of industrial lift trucks and related solutions, announced today the appointment of Matthew J. Cornell as its new Senior Vice President and Chief Financial Officer. Cornell is set to assume his duties on November 1, 2026.
Cornell joins Hyster-Yale from Stanley Black & Decker, where he most recently served as President and General Manager of its Specialty Tools & Storage Solutions business unit. Prior to that position, he was the Chief Financial Officer for Stanley Black & Decker's Industrial Segment.
The company stated that Cornell's selection followed an extensive search for a leader with substantial financial and operational experience within global industrial businesses. Over a career spanning more than two decades, Cornell has led finance organizations and operating businesses across North America and Europe. His experience includes financial planning and analysis, business performance management, manufacturing operations, and capital allocation.
In his new capacity, Cornell will oversee Hyster-Yale's financial strategy and execution. He will be responsible for the company's finance, accounting, investor relations, tax, and treasury functions. Hyster-Yale anticipates that Cornell's expertise will support the company's ongoing focus on operational execution, disciplined capital allocation, and long-term value creation.