(SeaPRwire) –   Alec Hagey Appointed Successor as Scott Cooke Prepares to Retire from President and CEO Roles

PLANO, Texas, April 3, 2026 — Toyota Financial Services (TFS) has announced that Scott Cooke, its president and chief executive officer, will retire on June 30, 2026, following more than twenty years of exceptional service. Alec Hagey, currently an executive advisor at TFS, has been named as his successor and will take on the president and CEO roles starting April 6, 2026.

Cooke has guided TFS with a consistent emphasis on financial stability, operational excellence, and value for customers. Since joining the company in 2003, he has served in various leadership capacities across finance, risk, operations, and treasury. As president and CEO, he managed all financial and operational activities, contributing to the expansion of the firm’s insurance and finance capabilities, the improvement of product offerings, and the strengthening of support for Lexus and Toyota dealers and customers throughout the U.S.

“Scott’s leadership was vital in developing Toyota Financial Services into the robust, customer-centric organization it is today,” stated Mark Templin, Toyota Motor North America’s chief operating officer. “His work has left a permanent mark on our company, our partners, and our employees.”

Hagey brings over 36 years of Toyota experience and a successful history in marketing, sales, operations, and financial services. In his role as senior vice president and chief operating officer, he oversaw sales and marketing for TFS and Lexus Financial Services (LFS), including remarketing, dealer relations, voluntary protection products, and significant digital and mobility initiatives.

“Alec’s extensive experience and deep-rooted relationships within the organization make him the ideal leader to steer TFS forward,” Templin added. “He has a thorough understanding of our business, our dealers, and our customers, and is well-prepared to build upon the solid foundation Scott created.”

To facilitate an orderly transition, Scott will continue as an executive advisor, providing support to the Americas Oceania Region (AOR) of Toyota Financial Services Corporation.

“I am honored to have been a part of Toyota Financial Services and am proud of our team’s collective accomplishments,” said Cooke. “I have complete confidence in Alec and the leadership team to continue serving our dealers and customers effectively.”

About Toyota Financial Services
Toyota Financial Services (TFS) is the brand for financial products related to Toyota in the United States, providing retail automotive financing and leasing through Toyota Lease Trust and Toyota Motor Credit Corporation (TMCC). TFS also provides payment and vehicle protection products via Toyota Motor Insurance Services (TMIS). The firm supports Lexus customers and dealers under the Lexus Financial Services brand.

As of March 31, 2026, TFS had approximately 3,800 employees nationwide and assets exceeding $150 billion. The company belongs to a global network of financial services provided by Toyota Financial Services Corporation, a subsidiary wholly owned by Toyota Motor Corporation.

We share significant financial information through the investor relations area of our website (www.toyotafinancial.com) and via SEC filings. We utilize these platforms, along with social media and press releases, to communicate regarding our company and services. While not all social media posts are material, some may be; therefore, we suggest that those interested in our company follow our updates on Facebook at www.facebook.com/toyotafinancial and Instagram at https://www.instagram.com/toyotafinancial/.

Media Contact
Vincent Bray
vincent.bray@toyota.com
469-486-9065 

SOURCE Toyota Financial Services