Laroia to Retire from NACCO Materials Handling Group | Industry News

NACCO Materials Handling Group (NMHG) reports that Paul Laroia, vice president of aftermarket, has announced his plans to retire. He will stay with the company through the end of the year.

Laroia joined Hyster Company in 1970, and by the age of 25, had become the youngest manager in the company, overseeing advertising and sales promotions for the Hyster European Headquarters. In 1980, he transferred to the Portland, Ore., corporate office, and in 1984 to the Danville, Ill., facility to manage the company’s parts, service and warranty operations. Later, Laroia became the director of group marketing and Latin American operations at the NMHG America’s Headquarters in Greenville, N.C. Then from 2005-2009, he served as president of Hyster Company, and following a subsequent restructuring, as NMHG’s vice president of aftermarket, his current position.

During his tenure, Laroia implemented global best practices, effectively engaged dealers and suppliers, and helped foster the development of multiple company leaders. He is the brains behind the Hyster UNISOURCE aftermarket parts program, and he was integral in the development of the company’s price match and availability guarantee programs.

Laroia has served on the board of directors of the Industrial Truck Association (ITA) since 2006, and was part of the board’s executive committee for seven years. Additionally, Laroia served on the Alliance of Industrial Truck Organization’s management committee from 2009-2013.