Leadership Changes at Toyota Financial Services as Scott Cooke Retires

Toyota Financial Services Announces Leadership Transition

PLANO, Texas, April 3, 2026 – Toyota Financial Services (TFS) has declared a notable leadership change, announcing that Scott Cooke, the current president and CEO, will retire on June 30, 2026. After a commendable tenure of over two decades with TFS, Cooke will hand over the reins to Alec Hagey, currently an executive advisor at TFS, who will assume the new role as president and CEO as of April 6, 2026.

Scott Cooke joined TFS in 2003 and has served in various leadership capacities, focusing on risk management, finance, treasury, and operations. Under his leadership, the organization has strengthened its financial resilience and improved customer service. Notably, his efforts have been pivotal in broadening TFS's financing and insurance services, enriching product offerings, and enhancing the support provided to Toyota and Lexus dealers across the United States.

"Scott's leadership has been instrumental in shaping Toyota Financial Services into the strong, customer-centric entity it is today," stated Mark Templin, chief operating officer of Toyota Motor North America. "His contributions have left a lasting impact on our business, our partners, and our people."

Alec Hagey, who will step into the role of president and CEO, brings over 36 years of experience with Toyota. He has an impressive background that includes leadership roles in sales and marketing for both TFS and Lexus Financial Services (LFS). His experience spans various domains such as dealer relations, remarketing, and key digital initiatives.

"Alec's extensive experience and the strong relationships he's cultivated throughout our organization make him the ideal leader to steer TFS forward," Templin continued. "He has a deep understanding of our customers, dealers, and the intricacies of our business, positioning him well to build upon the robust foundation set by Scott."

To facilitate a seamless transition, Scott Cooke will remain with TFS as an executive advisor, focusing on the Americas Oceania Region of Toyota Financial Services Corporation.

Reflecting on his tenure, Cooke expressed, "I am truly honored to have been part of Toyota Financial Services and proud of what our team has collectively achieved. I have complete confidence in Alec and the leadership team to continue providing outstanding service to our customers and dealers."

About Toyota Financial Services

Toyota Financial Services (TFS) operates as the financing and related services branch for Toyota in the United States, providing retail auto financing and leasing through its subsidiaries, including Toyota Motor Credit Corporation (TMCC) and Toyota Lease Trust. It also extends vehicle and payment protection products via Toyota Motor Insurance Services (TMIS). Serving the Lexus brand under Lexus Financial Services, TFS currently employs around 3,800 team members across the country and boasts total assets exceeding $150 billion.

As a branch of a global network of comprehensive financial services, TFS is a wholly-owned subsidiary of Toyota Motor Corporation. The company prioritizes transparency in communications regarding its operational and financial data and utilizes various channels, including press releases and social media, to disseminate information effectively. Interested individuals can keep track of the latest news from TFS via its official website and social media platforms.

For additional information, media contacts include Vincent Bray, reachable at [email protected] or at 469-486-9065.