Toyota Financial Services has confirmed a major leadership transition, with its long-serving President and Chief Executive Officer, Scott Cooke, set to retire on June 30, 2026. The company also announced that Alec Hagey will assume the top role, effective April 6, 2026.
The transition marks the end of over two decades of leadership by Cooke, who joined the organisation in 2003 and rose through key executive positions across finance, risk, treasury, and operations. During his tenure as CEO, he played a central role in expanding the company’s financial products, strengthening dealer partnerships, and enhancing customer-focused services across the United States.
Officials at Toyota Financial Services credited Cooke with building a resilient and customer-driven business, noting his influence in driving operational growth and long-term financial stability.
Brandspur Banking News Desk reports that Hagey steps into the role with more than three decades of experience within the Toyota ecosystem, having held senior leadership positions across sales, marketing, and financial services. He most recently served as an executive advisor, after leading key business areas including dealer relations, remarketing operations, and digital mobility initiatives.
The company expressed confidence in Hagey’s leadership, citing his deep industry knowledge and strong internal relationships as critical assets for the next phase of growth. His appointment is expected to ensure continuity while advancing innovation in financial and mobility solutions.
Cooke will continue to support the organisation in an advisory capacity, assisting with regional operations during the transition period.
