Rajiv K. Prasad has been making waves as the CEO of Hyster-Yale Materials Handling, Inc. since May 2023. With a background in engineering and over 15 years of service in various roles within the company, he knows the business inside...

Rajiv K. Prasad has been making waves as the CEO of Hyster-Yale Materials Handling, Inc. since May 2023. With a background in engineering and over 15 years of service in various roles within the company, he knows the business inside and out. Before stepping into his role as CEO, he was the President and CEO of Hyster-Yale Group, Inc., which shows his steady climb up the corporate ladder. His journey started back in 2007 as Vice President of Global Product Development. His leadership spans across the company’s subsidiaries, including heavy-hitters like Nuvera Fuel Cells and Bolzoni, S.p.A. This makes Prasad vital in steering the company’s long-term strategies. He's not just about the present; he’s focused on aligning the company's interests with those of shareholders through smart performance metrics. Interestingly, in 2023, his total compensation hit $1,231,221, but what stands out is that he received no bonuses or stock grants that year. His insider trading history also shows keen investment interests, with notable transactions peaking in 2021, showing he’s got a vested interest in the company's success. Rajiv embodies a mix of technical expertise and strategic insight, crucial for navigating the complex materials handling industry. Keep an eye on him as he leads Hyster-Yale into the future.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Hyster-Yale Materials Handling, Inc. CEOs

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Rajiv K. Prasad

Ex-CEO of Hyster-Yale Materials Handling, Inc.

Education

Not specified

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1964 - 61 years ago

CEO of Hyster-Yale Materials Handling, Inc. for

1 year 7 months (May 2023 - Jan 2025)

Previous Experience

Extensive experience in senior management roles within the Company, including President and Chief Executive Officer of Hyster-Yale Group, Inc.

Rivals

Competitors/colleagues of Rajiv K. Prasad

Holdings

See how much did Rajiv K. Prasad make over time.

Rajiv K. Prasad’s holdings in Hyster-Yale tell an interesting story. He notably peaked in insider trading activity in 2021, with transactions averaging around $2 million each month. His involvement soared with transactions like $2.12 million in January and $2.62 million...

Rajiv K. Prasad’s holdings in Hyster-Yale tell an interesting story. He notably peaked in insider trading activity in 2021, with transactions averaging around $2 million each month. His involvement soared with transactions like $2.12 million in January and $2.62 million in February. However, the activity has fluctuated in the following years, showing some significant high and low spikes, particularly in early 2023 where he engaged in transactions ranging from $1 million to a high of $3.63 million in January 2024. This pattern illustrates his active approach to managing his investment portfolio amid shifting market conditions. Despite his CEO role, he seems strategically inclined to leverage his investments, hinting that his wealth is significantly tied to the performance of Hyster-Yale. Across the board, there's a narrative of confidence in Hyster-Yale's growth, making his holdings quite consequential for the company's trajectory.

Mar 17, 2025

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shares

HY @ $44.95

Insider Trading

See recent insider trades of Rajiv K. Prasad.

HY

144,410 shares

HY

Feb 14, 2025

Received

HY

73,280 shares

HY

Feb 15, 2024

Received

HY

2,355 shares

HY

Feb 9, 2016

Received

Compensation History

See how much did Rajiv K. Prasad make over time.

In 2023, Rajiv K. Prasad earned a total compensation of $1,231,221, which mainly consisted of his salary of $940,791 and other benefits totaling $290,430. Intriguingly, he received no bonuses or stock grants this year, emphasizing the performance-driven culture at Hyster-Yale where compensation is closely linked to the company's overall performance. His compensation plan is designed to ensure that his interests align with those of shareholders through performance-based incentives. Despite the substantial salary, the absence of bonuses or stock options signals a commitment to long-term planning rather than short-term rewards. This approach is particularly relevant given his focus on driving results and metrics-based performance assessments. Overall, Prasad’s compensation reflects the demands and expectations of executive roles in today's market, balancing cash entitlements with a strong focus on accountability and performance metrics.

Year

2023

Total Compensation

$1.23M

Salary

$940.79K

Board Justification

The compensation program is designed to attract, retain, and motivate talented management while aligning their interests with those of the stockholders through performance-based incentives.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023.

Other

$290.43K

Board Justification

This includes employer contributions to retirement plans and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023.

Performance Metrics

Performance metrics for 2023 included targets based on annual operating plans and long-term strategic objectives.

Other Hyster-Yale Materials Handling, Inc. CEOs

Here are other CEOs of Hyster-Yale Materials Handling, Inc.

Colin Wilson

Ex-CEO of Hyster-Yale Materials Handling, Inc.

September 2014 - December 2019

Anthony Salgado

CEO of Hyster-Yale Materials Handling, Inc.

January 2025 - Present