Toromont Announces the Appointment of Chief Executive Officer and Chief Financial Officer September 25, 2023 At 10:22 Am Edt
Sep 25, 2023•almost 2 years ago
Position
Chief Executive Officer
Company
Toromont
Description
Toromont Industries Ltd. announced today that effective October 15, 2023 , Michael McMillan will be appointed President and Chief Executive Officer and a member of the Board of Directors. This follows the previously announced retirement of Scott Medhurst as CEO, after a successful 35-year career with Toromont. While Mr
Executive Insights
Based on hiring dataNew executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months