CLEVELAND, May 13, 2019 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that John M. Stropki, a long-time, valued member of the Company's board of directors and its Audit Committee Chairman, passed away unexpectedly on Saturday, May 11, 2019.
Mr. Stropki was elected to Hyster-Yale's board of directors in October 2013. He served most recently as the Company's Audit Committee Chairman and as a member of the Compensation and Nominating and Corporate Governance Committees. As former Chairman, President and Chief Executive Officer of Lincoln Electric Holdings, Inc., Mr. Stropki brought deep insight and knowledge of industrial businesses, as well as financial and leadership expertise to the Hyster-Yale Board.
"We are deeply saddened by the sudden death of John Stropki and send our deepest condolences to his family," said Alfred M. Rankin, Jr., Chairman, President and Chief Executive Officer of Hyster-Yale. "John was kind and generous with his support of the Company, and he served our Board with great commitment. He was an excellent advisor who brought his deep knowledge of global industrial operations to a variety of issues that have been critical to the growth of our company. We are grateful for John's dedication, guidance and leadership as a member of the community and the Hyster-Yale Board. He was both a colleague and a friend. He will be greatly missed."
About Hyster-Yale Materials Handling, Inc.
Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, offers a broad array of solutions to meet the specific materials handling needs of customers' applications. The Company's wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale include Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines, and Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names. Hyster-Yale also has significant joint ventures in Japan (Sumitomo NACCO) and in China (Hyster-Yale Maximal). For more information about Hyster-Yale and its subsidiaries, visit the Company's website at www.hyster-yale.com.
SOURCE Hyster-Yale Materials Handling, Inc.