Toromont Industries Ltd. (TIH.TO)

129.56 +0.06 (+0.05%) At close: 04:00PM EDT

Toromont Industries Ltd.

3131 Highway 7 West
PO Box 5511
Concord, ON L4K 1B7
Canada
416 667 5511
https://www.toromont.com

Sector(s): Industrials
Industry: Industrial Distribution
Full Time Employees: 7,000

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Michael Stanley Howie McMillan	CEO, President & Director	1.38M	N/A	N/A
Mr. John Marshall Doolittle	Executive VP & CFO	645.59k	N/A	1964
Mr. Michael P. Cuddy	Chief Information Officer & VP	961.44k	N/A	N/A
Mr. Miles Sean Ryan Gregg	President of Toromont Cat Construction Division	810.66k	N/A	N/A
Mr. Joel Couture	Chief Operating Officer - Toromont Cat	932.14k	N/A	N/A
Ms. Lynn M. Korbak	General Counsel & Corporate Secretary	N/A	N/A	N/A
Ms. Isabelle Leclerc	Vice President of Human Resources	N/A	N/A	N/A
Mr. William Harvey	President of Toromont Cat Mining Division	722.63k	N/A	N/A
Mr. David Alan Malinauskas	President of CIMCO Refrigeration	481.52k	536.34k	N/A
Mr. Colin Goheen	President of Battlefield Equipment Rentals	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services. This segment serves road building, mining, aggregates, infrastructure, residential and commercial construction, power generation, agriculture, forestry, and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is headquartered in Concord, Canada.

Corporate Governance

Toromont Industries Ltd.’s ISS Governance QualityScore as of April 1, 2024 is 4. The pillar scores are Audit: 5; Board: 5; Shareholder Rights: 8; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.