Cornell steps into the role with a mandate to oversee the company’s financial strategy, accounting, tax, treasury, and investor relations functions. His compensation package includes an initial base salary of $605,000, supplemented by performance bonuses and stock options, as disclosed in filings with the Securities and Exchange Commission.
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Matthew Cornell to Lead Hyster-Yale Finance Strategy
After an extensive search for a leader with deep global industrial expertise, Hyster-Yale has appointed Matthew Cornell as its new chief financial officer. The 46-year-old executive, who previously held senior roles at Stanley Black & Decker, will assume his new responsibilities at the warehouse equipment manufacturer on November 1.
Before joining Hyster-Yale, Cornell served as president and general manager of the specialty tools and storage solutions unit at Stanley Black & Decker. His background also includes a tenure as CFO of the same firm’s industrial division, providing the operational experience Hyster-Yale prioritized during its recruitment process.
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