logo
logo

Toromont Announces the Appointment of Chief Executive Officer and Chief Financial Officer September 25, 2023 At 10:22 Am Edt

Sep 25, 2023almost 2 years ago

Position

Chief Executive Officer

Company

Toromont

Michael McMillan
Concord

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

Company Information

Company

Toromont

Location

Concord, New Hampshire, United States

About

Toromont Industries Ltd. operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory - spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario and Manitoba in addition to most of the territory of Nunavut. In addition, the Group includes industry leading rental operations, and a complementary material handling business. CIMCO is a market leader in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems. Both segments offer comprehensive product support capabilities. This press release and more information about Toromont Industries can be found at www.toromont.com.

Related People

Sign in to view contact details

Sign in to view contact details

Executive Insights

Based on hiring data
New 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