Major players in equipment finance, manufacturing and marketplace industries appointed new leaders in August as several executives retired.
Hureau takes helm at Alamo Group
Farm equipment manufacturer Alamo Group tapped Robert Hureau to succeed Jeffery Leonard as president and chief executive, effective today, according to an Aug. 18 company release. Leonard has retired after about four years as CEO and 14 years with the company.
Hureau was most recently CEO of American Trailer World, a manufacturer and retailer of trailers, truck equipment and aftermarket parts. During his tenure, he led several acquisitions and the sale of its TexTrail aftermarket parts and distribution business in 2022.
Hureau has also held executive positions at clinical research organization Pharmaceutical Product Development and vehicle sensors manufacturer Sensata Technologies.
Toro elevates Funk, revives COO role
Outdoor power equipment manufacturer The Toro Co. promoted Edric Funk to president and chief operating officer, effective Sept. 1, according to an Aug. 12 company release. The position had been vacant since 2016, when Richard Olson transitioned to CEO from COO.
Funk has been with Toro for 29 years, most recently as group vice president of the company’s Golf, Grounds and Irrigation division. In his new role, he will oversee all of the company’s global businesses and integrated supply chain operations.
Leidlein new CFO at Mitsubishi HC Capital America
Mitsubishi HC Capital America, the largest nonbank and noncaptive equipment financier in North America, made several leadership changes in August.
The company appointed Brian Leidlein chief financial officer effective immediately, according to an Aug. 5 company release. He succeeded John Vande Moore, who is retiring and will help with the transition through the end of the year.
Leidlein joined the company 10 years ago and has held leadership roles including senior vice president of financial planning and analysis, according to his LinkedIn profile.
In addition, the company promoted Eric Patry to senior vice president of corporate finance in North America from SVP and CFO for Canada. Patry will oversee financial planning and analysis, pricing and treasury functions across North America.
DLL appoints van Tongeron chief digital officer
Global equipment financier DLL expanded its executive board by appointing Jasper van Tongeren chief digital officer effective Aug. 18, according to a DLL release that day.
Van Tongeren will spearhead DLL’s digital transformation efforts to enhance customer experience. He was previously chief technology officer at Dutch equipment leasing company Beequip B.V. and senior manager of strategy and operations at Walmart.
RB Global restructures
Commercial vehicle marketplace RB Global restructured its executive team, effective Sept. 1, according to an Aug. 12 company release.
These employees have retired but will remain with the company as advisers for an unclear duration:
- Carmen Thiede, chief transformation officer and chief of staff to the CEO;
- Randy Berry, executive vice president and head of Insurance Auto Auctions (IAA) operations;
- Chief People Officer Drew Fesler; and
- Chief Revenue Officer Jeff Jeter.
In an expanded role, RB Global COO Steve Lewis will oversee IAA operations along with Sam Wyant, EVP and head of IAA North America sales, and David Rymarz, SVP and head of IAA marketplace. CFO Eric Guerin also takes on an expanded role, now leading global M&A and corporate development.
Christopher Carlson, previously senior vice president and global controller, has been promoted to chief accounting officer, assuming some of Guerin’s responsibilities. Jen Schmit, executive vice president of global HR, will succeed Fesler as chief people officer.
RB Global also hired Shiv Dutt as EVP and head of marketplace at subsidiary Ritchie Bros. She will lead the equipment auctioneer’s operations alongside Jake Lawson, president and head of Ritchie Bros. North America sales.
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