Toyota Financial Services names new CEO

Toyota Financial Services announced that President and CEO Scott Cooke will retire effective June 30, 2026, with Alec Hagey named successor, assuming the role on April 6, 2026.

Cooke, who joined the company in 2003, led TFS through a period of expansion across finance and insurance offerings, while strengthening support for Toyota and Lexus customers and dealers. To ensure a smooth transition, Scott will remain as executive advisor, supporting the Americas Oceania Region (AOR) of Toyota Financial Services Corporation.

Hagey brings more than 36 years with Toyota, most recently serving as senior vice president and chief operating officer, where he oversaw sales, marketing, dealer relations, and mobility initiatives.

“Scott’s leadership has been instrumental in shaping Toyota Financial Services into the strong, customer-focused organization it is today. His contributions have left a lasting impact on our business, our partners, and our people. Alec’s deep experience and strong relationships across our organization make him the right leader to guide TFS into the future. He understands our customers, our dealers, and our business, and he is well-positioned to build on the strong foundation Scott has established.” – Mark Templin, chief operating officer, Toyota Motor North America.

“I am honored to have been part of Toyota Financial Services and proud of what our team has accomplished together. I have full confidence in Alec and the leadership team to continue delivering for our customers and dealers.” – Scott Cooke.