Toyota Financial Services Announces Executive Changes
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Toyota Financial Services Announces Executive Changes

Toyota Financial Services Announces Executive Changes

PLANO, Texas (Dec. 13, 2023) – Toyota Financial Services (TFS) is happy to announce the next govt adjustments, efficient January 2, 2024:

Scott Cooke, presently TFS senior vp and chief monetary officer, is promoted to Toyota Financial Services president and CEO.

As chief monetary officer, Cooke has been chargeable for the general monetary administration of Toyota Financial Services, main the features of TFS accounting, TFS finance, TFS and Toyota Motor North America (TMNA) treasury, and TFS competitiveness and mergers & acquisitions. He serves on the board of administrators of Toyota Motor Credit Corporation, the Toyota Financial Services International Corporation administration committee, and acts because the chief monetary officer for the TFS Americas Oceania Region.

“I look forward to continuing the TFS tradition of providing the best possible service to consumers and dealers,” mentioned Cooke. “Toyota Financial Services’ role has always been to deliver top-tier experiences that keep consumers loyal to our brands and their originating dealer in a way that supports manufacturer and dealer profitability. TFS also provides a stable source of funding for customers and dealers during good and challenging economic conditions. We fully intend to continue this strategy by providing innovative solutions that meet rapidly evolving customer preferences and needs.”

Cooke, who joined Toyota in 2003, has held management roles in treasury, enterprise intelligence, analytics, finance, danger, seller credit score, and technique. In addition to his vary of positions at TFS, Cooke served as company supervisor of product planning for Toyota Motor North America.

Cooke earned his Bachelor of Science diploma in Finance and MBA from Old Dominion University in Norfolk, Virginia, and is an alumnus of the Harvard Business School in Cambridge, Massachusetts.

“Scott is the ideal leader to succeed me in this role. He brings unparalleled knowledge of the TFS organization based on his decades with the company in positions both here and at Toyota Motor North America,” mentioned Mark Templin, present TFS president and CEO.

Templin continues to information a number of Toyota enterprise operations across the globe. He assumes the title of chairman of the board of Toyota Motor Credit Corporation, and retains the titles of chairman of the board of Toyota Financial Savings Bank, CEO of the TFS Americas Oceania Region, CEO of Toyota Insurance Management Solutions, and director and group chief working officer of Toyota Financial Services Corporation (TFSC) in Japan.

James Schofield, TFS group vp of finance, treasury, competitiveness, mergers and acquisitions, is promoted to TFS group vp and chief monetary officer. Schofield is well known as a considerate and efficient chief who has elevated the TFS finance, treasury, and competitiveness features to new heights. He joined the corporate in 2021, bringing a wealth of information about monetary providers finest practices gleaned from earlier roles at Lloyds Banking Group and JP Morgan Chase. Schofield is a graduate of Oxford University in Oxford, England.

About Toyota Financial Services 

Toyota Financial Services (TFS) is the model for finance and associated merchandise for Toyota within the United States, providing retail auto financing and leasing by Toyota Motor Credit Corporation (TMCC) and Toyota Lease Trust. TFS additionally presents automobile and fee safety merchandise by Toyota Motor Insurance Services (TMIS). The firm providers Lexus sellers and prospects utilizing the Lexus Financial Services model.

As of March 31, 2023, TFS employed roughly 3,800 workforce members nationwide, and had belongings totaling over $137 billion. It is a part of a worldwide community of complete monetary providers supplied by Toyota Financial Services Corporation, a wholly-owned subsidiary of Toyota Motor Corporation.

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