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February 2021

Rajiv Prasad to Lead Hyster-Yale Materials Handling as President

Hyster-Yale Materials Handling has promoted Rajiv Prasad to President. He currently leads subsidiary Hyster-Yale Group as President and Chief Executive Officer, a role he will retain moving forward. In his new expanded role, Rajiv will lead all subsidiaries, including Hyster-Yale Group, Bolzoni, and Nuvera Fuel Cells. During his tenure, he has also served as Chief Product and Operating Officer, as well as Vice President of Global Product Development and Manufacturing. He previously served Navistar as Vice President of Global Product Development.
Hyster-Yale Materials Handling is a leading, globally integrated, full-line lift truck manufacturer. The Cleveland, OH-based company has 7,900 employees and 21 manufacturing operations in 12 countries. For fiscal year 2019, the company posted revenues of $3.3 billion.