NACCO Industries, Inc. Announces Board Changes

Published: 2026-05-18 10:20:48 ET NC

Published on 05/18/2026 at 10:20 am EDT

NACCO Industries, Inc. announced a planned transition to its Board of Directors leadership, reflecting the company's ongoing commitment to strong governance and thoughtful succession planning. After 32 years of distinguished service as Chairman of the Board, Alfred M. Rankin, Jr. stepped down from the role, effective May 15, 2026. He will continue to serve as a member of the Board.

The Board has appointed General John P. Jumper, a long-standing director who has served on the Board since 2012, as the new Chairman. In addition, the Board has appointed Matthew M. Rankin, who has served on the Board since 2017, as Vice Chair. lfred M. Rankin, Jr. previously served as the Company's President and CEO from 1991 to 2017.

Matthew M. Rankin brings experience as the Chief Executive Officer of a property management and development company as well as the perspective of a substantial company stockholder. General Jumper previously served as Chief of Staff of the United States Air Force and Chairman and Chief Executive Officer of Leidos Holdings, Inc.