Mr. Rankin became Chairman, President and Chief Executive Officer of Hyster-Yale Materials Handling, Inc. in September 2012 and has been Chairman of Hyster-Yale Group, Inc. since October 2008. Mr. Rankin has also guided NACCO Industries since May 1994. He joined NACCO as President and Chief Operating Officer in April 1989 and became President and Chief Executive Officer in May 1991. Prior to joining NACCO, he was Vice Chairman, Chief Operating Officer, and a Director of Eaton Corporation, a position he had held since April 1986. Previous to that, he had served successively as President of Eaton's Materials Handling and Industrial Groups, and as Executive Vice President - Operations. Prior to his fifteen years at Eaton, Mr. Rankin worked for McKinsey and Company, a management consulting firm.
Mr. Rankin received a Bachelor of Arts degree, magna cum laude, in Economics and a Juris Doctor degree from Yale University. Mr. Rankin is a director of Hyster-Yale Materials Handling, NACCO Industries, and the National Association of Manufacturers. He is a trustee and former Chairman of the Board of University Hospitals of Cleveland, Advisory Chairman of the Board of the Cleveland Museum of Art, and trustee of the Musical Arts Association. He is a former director of The Vanguard Group, Goodrich Corporation, Standard Products, and Reliance Electric and a former director and Chairman of the Board of the Fourth District Federal Reserve Bank.