Scott Cooke Retires from Toyota Financial Services; Alec Hagey Named Successor

Leadership Transition at Toyota Financial Services

Toyota Financial Services (TFS) has officially announced a significant leadership transition. Scott Cooke, the current President and CEO, will retire on June 30, 2026, after over two decades of dedicated service. Alec Hagey, who has served as an Executive Advisor at TFS, has been named as his successor and will assume the role of President and CEO starting April 6, 2026.

Cooke's journey with TFS began in 2003, and throughout the years, he has held various leadership positions focusing on risk management, finance, treasury, and operations. Under his guidance, TFS has seen remarkable innovation in financing and insurance, improving product offerings and enhancing support for Toyota and Lexus dealerships across the United States.

Mark Templin, the Chief Operating Officer of Toyota Motor North America, praised Cooke’s leadership, stating, "Scott's leadership has been fundamental in establishing Toyota Financial Services as a robust, customer-centric organization. His contributions have left a lasting impact on our business, partners, and staff." Cooke's tenure has solidified TFS's reputation in the financial services sector, proving invaluable to its partners and customers alike.

Alec Hagey brings over 36 years of valuable experience with Toyota, holding various key positions that encompass sales, marketing, operations, and financial services. Previously, he was the Senior Vice President and COO at TFS, overseeing sales and marketing strategies for both TFS and Lexus Financial Services. Hagey's expertise in these areas makes him a fitting leader to step into Cooke's long-held position.

"Alec's profound expertise and strong relationships within our organization equip him well to steer TFS towards a successful future," Templin continued. "He understands our customers, dealerships, and business model, placing him in an excellent position to build upon the solid foundation Scott has established."

In order to ensure a smooth transition, Scott Cooke will remain with the company as an Executive Advisor, providing his insights to the Toyota Financial Services Corporation for the Americas and Oceania regions. Cooke expressed his gratitude for having been part of TFS, stating, "I am proud of what our team has accomplished together and have complete confidence in Alec and our leadership team continuing to meet the needs of our customers and dealerships."

About Toyota Financial Services

Toyota Financial Services (TFS) is the dedicated finance and related services brand of Toyota in the United States. The organization provides retail automobile financing and leasing through Toyota Motor Credit Corporation (TMCC) and Toyota Lease Trust. Additionally, TFS offers vehicle protection products and payment plans through Toyota Motor Insurance Services (TMIS). As of March 31, 2026, TFS boasts a team of approximately 3,800 members and holds assets exceeding $150 billion. TFS plays a crucial role within Toyota Financial Services Corporation, a wholly-owned subsidiary of Toyota Motor Corporation.

For further inquiries, essential financial updates, and company insights, you can visit their investor relations page at www.toyotafinancial.com or check their SEC filings. TFS also actively shares information via press releases and social media platforms, inviting interested parties to engage with their content on Facebook and Instagram.