Alfred M. Rankin, Jr. is the chairman, president, and CEO of Hyster-Yale Materials Handling, Inc., a global lift truck manufacturer.
Rankin’s history with Hyster-Yale Materials Handling began in 1989 when he joined its parent company, the North American Coal Corporation, or NACCO Industries, Inc., as president and COO. From its founding in 1913, NACCO was solely a coal company until diversifying into a holdings company in 1985 by acquiring Yale Materials Handling Corporation.
Rankin quickly advanced within the company, becoming president and CEO in 1991 and chairman of the board of directors in 1994.
Under his leadership, NACCO continued to diversify through the acquisition of forklift manufacturer Hyster Company in 1989, and appliance maker Hamilton Beach in 1990. Yale Materials Handling Corporation and the Hyster Company were combined into Hyster-Yale Materials Handling, Inc., a lift truck manufacturer that sells under the Hyster and Yale brand names. NACCO Industries spun off Hyster-Yale Materials Handling, Inc. in 2012 with Rankin continuing on as chairman, president and CEO.
Rankin also became the executive chairman of the board of Hamilton Beach Brands Holding Company when it was spun off by NACCO Industries in 2017.
Before joining NACCO Industries, Rankin found success as the president and executive vice president of operations of the materials handling and industrial groups of the Eaton Corporation where he ultimately became vice chairman and COO. He began his career at management consulting firm, McKinsey and Company.
Rankin has served the Cleveland community with roles including trustee and former chairman of the board of directors at the University Hospitals of Cleveland, trustee and former president of the board of the Cleveland Museum of Art, trustee of the Musical Arts Association, trustee emeritus of Case Western Reserve University, former chairperson of The Cleveland Foundation, former trustee and president of the board of trustees of the Hathaway Brown School, and former trustee of Oberlin College, the Holden Arboretum, and the World Resources Institute.
He has also been a director of the Vanguard Group, the Goodrich Corporation, the Standard Products Company, the Reliance Electric Company, and the National Association of Manufacturers, as well as the former director and chairman of the board of the Fourth District Federal Reserve Bank.
Rankin holds his B.A. in economics, as well as his J.D., from Yale University.
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Has Alfred M. Rankin been buying or selling shares of Hyster-Yale Materials Handling?
Alfred M. Rankin has not been actively trading shares of Hyster-Yale Materials Handling during the past quarter. Most recently, Alfred M. Et Al Rankin sold 83,734 shares of the business's stock in a transaction on Friday, January 22nd. The shares were sold at an average price of $55.50, for a transaction totalling $4,647,237.00. Learn More on Alfred M. Rankin's trading history.
Are insiders buying or selling shares of Hyster-Yale Materials Handling?
In the last year, insiders at the industrial products company sold shares 2 times. They sold a total of 16,720 shares worth more than $974,182.00. The most recent insider tranaction occured on March, 4th when insider Frank F Taplin sold 11,720 shares worth more than $680,932.00. Insiders at Hyster-Yale Materials Handling own 33.9% of the company.
Learn More about insider trades at Hyster-Yale Materials Handling. Information on this page was last updated on 3/4/2024.