Long-time Komatsu America leader Rod Schrader will retire on June 30 and is replaced as CEO of Komatsu North America Corporation by Rod Bull. Additionally, Schrader has resigned as chairman.
Having joined the firm in 2015, Bull has held positions as vice president and general manager of loader products, vice president and general manager of the company’s North American mining division, and executive vice president of Komatsu’s North America area.
Bull also worked with Caterpillar for nearly ten years, holding roles such as continuous improvement consultant, truck body senior sales engineer, and mining truck commercial consultant.
The reorganisation of Komatsu’s North American business and the creation of a separate firm for the selling and servicing of its mining and construction equipment, led by Bull, were approved by the company’s board of directors in February. The new business will be a subsidiary of Komatsu America Corp. and was given the name Komatsu North America Corp.
In 1987, Schrader started working for Komatsu America as a product manager. By 2012, he was promoted to chairman and CEO.
Additionally, it was announced that Takuya Imayoshi, who is currently the director, senior executive officer, and supervisor of business coordination for Komatsu Ltd., will take over for Hiroyuki Ogawa, the company’s president and representative director and CEO, who will move into the position of director and chairman.
Komatsu recently announced modest increases in sales of mining, construction, and utility equipment in North America for the third quarter. The company predicts that over its entire fiscal year in 2024, the demand for mining, construction, and utility equipment will decline by 5% to 10% annually.
source: equipment world
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