Toyota Financial Services has announced the appointment of Alec Hagey as President and Chief Executive Officer, ushering in a new phase of leadership while building on a strong foundation of growth and customer focus.

Hagey steps into the role with more than three decades of experience within the Toyota Group, most recently serving as Senior Vice President and Chief Operating Officer. In that position, he played a key role in advancing sales, marketing, dealer engagement, and mobility initiatives, positioning him well to lead the organisation into its next stage of development.

The leadership transition reflects a seamless and well-planned succession, with outgoing CEO Scott Cooke leaving behind a legacy of expansion and innovation across finance and insurance offerings. Cooke will continue to support the business as an executive advisor, ensuring continuity and strategic alignment during the transition.

Under Hagey’s leadership, Toyota Financial Services is set to further strengthen its customer-centric approach, deepen relationships with dealers, and continue enhancing its integrated mobility and financial solutions. His extensive industry knowledge and long-standing experience within the organisation are expected to support continued momentum and long-term value creation.

The appointment highlights Toyota Financial Services’ commitment to leadership continuity, operational excellence, and sustained growth as it continues to evolve its offerings for customers and partners globally.