About Toromont Industries Ltd. (TSX:TIH)

About

Toromont creates value by serving the specialized equipment and lifetime product support needs of thousands of customers in diverse industries from road building to mining and telecommunications to food and beverage processing. The company is differentiated by its market-leading equipment brands, extensive parts, service and remanufacturing capabilities, skilled workforce, disciplined adherence to corporate values, and the empowerment created by its proven business model. Toromont has a strong financial position, having delivered profitable growth while investing for future advantage, and emphasizes good governance and stakeholder value.

Verified company data

Shares outstanding: 81300574
Projects: ["We are one of the world’s largest Caterpillar dealers, covering the heavy equipment needs of customers in seven provinces and one territory through our extensive branch, distribution and field-service networks.","We supply, construct and operate high-efficiency power plants – using world-leading power generation technologies – for hospitals, district energy systems and landfills.","We are a single-source provider of brand-name rental equipment, construction supplies, tools, and safety training solutions across our Cat dealer territories.","We specialize in machine control, site positioning and asset management technologies as well as professional support as a Trimble and Cat AccuGrade® dealer.","We meet the specialized tool crib rental equipment needs of electrical, mechanical, welding, millwrighting and rigging trade contractors working in refineries, automotive, steel, pulp, paper and healthcare.","We sell, rent and support brand-name lift trucks, container handlers, industrial batteries, chargers and racking systems.","We rebuild and remanufacture fuel systems, powertrains, engines, generators and other machine components for our customers from five state-of-the-art facilities in Eastern Canada.","We are a leader in the design and construction of specialized enclosures that house power generation equipment used in a variety of industries and applications, including data centres."]
Leadership: Mike McMillan (President and Chief Executive Officer, Became President and CEO of Toromont Industries Ltd. in October 2023, previously EVP and CFO since March 2020, over 30 years of finance and operations experience in public and private companies.), John M. Doolittle (Executive Vice President and Chief Financial Officer, Appointed EVP and CFO in October 2023, has 30 years of senior level experience in billion-dollar global corporations.), Michael P. Cuddy (Chief Strategy Officer, Joined Toromont in 1995, previously led Information Technology, appointed Chief Strategy Officer in 2025.), Rick Neuman (Chief Digital, Marketing & Technology Officer, Joined Toromont in 2025, previously Chief Digital Officer at Air Miles and Walmart, over 20 years of experience in digital and marketing leadership.), Habeeb Syed (Chief Legal Officer, General Counsel & Corporate Secretary, Appointed in June 2025, previously Senior Vice President, Legal and General Counsel at Softchoice Corporation.), Stephanie Hardman (Chief People and Culture Officer, Joined in February 2024, previously Chief People Officer at McDonald’s Restaurants of Canada.), Jennifer J. Cochrane (Vice President, Finance, Joined Toromont in 2003, CPA, CA, appointed to current position in 2013.), Joel Couture (Chief Operating Officer, Toromont Cat, Joined in 2007, promoted to COO in July 2022.), Colin Goheen (President, Battlefield Equipment Rentals, Joined in July 1998, appointed President in September 2019.), Dave Malinauskas (President, CIMCO Refrigeration, Appointed President in 2015, Professional Engineer with an MBA.), Miles Gregg (President Construction Industries, Toromont CAT, Joined in 1996, appointed President in 2021.), William Harvey (President Mining Division, Toromont Cat, Joined in 2017, appointed President in 2021.)

Verified data last updated: 2026-10-30

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