Toyota Material Handling North America (TMHNA) has promoted Mark Taggart to chief administration officer following the formal integration of Toyota Material Handling and The Raymond Corporation under a single North American banner, the company announced Monday.
Taggart, who previously served as TMHNA’s chief financial officer and president of Raylease, will now oversee the company’s finance, human resources, and legal functions. His expanded role comes as the newly unified TMHNA positions itself for growth, innovation, and long-term investment in people and infrastructure.
“Our new TMHNA vision is to be the most innovative, reliable, and trusted partner for material handling and logistics,” Taggart said. “Every decision we make will be driven by helping our dealers and customers succeed and building sustainable success for decades to come.”
Long-time Toyota executive
Taggart began his career with Toyota in 1996 and has held multiple executive positions across the organization. He played a key role in launching Toyota Financial Savings Bank and served for five years as president and CEO of Toyota Industries Commercial Finance.
His appointment is part of a broader senior leadership team unveiled by TMHNA following the integration of its two flagship brands. The company said the restructuring aims to streamline operations and better meet the evolving needs of its customers across North America.
TMHNA President and CEO Brett Wood said the integration represents a strategic move to enhance operational efficiency while maintaining the unique identities of both Toyota and Raymond product lines.
“This milestone marks a significant step in TMHNA’s long-term strategy,” Wood said. “It gives us the opportunity to leverage the best people, processes, and products into one unified organization for the benefit of our customers.”
Expanded responsibilities amid major investment
In his new role, Taggart joins a leadership team tasked with managing an organization of more than 16,000 employees and nearly 300 dealer locations. TMHNA is also in the midst of significant capital investment, including a $100 million facility expansion in Indiana to support electric forklift production.
Company officials emphasized that the integration is about growth, not consolidation, and reaffirmed TMHNA’s commitment to workforce development, sustainability, and customer service.
Taggart is one of five executives appointed to guide TMHNA through this transition, with roles spanning operations, supply chain, and sales and marketing. His focus on administration reflects the organization’s goal of aligning its internal structure with its external growth ambitions.
