After serving for two years as president and CEO of Toyota Financial Services, Scott Cooke is retiring, effective June 30. Executive Advisor Alec Hagey will take his place on April 6.

Cooke has been with the company since 2003, holding a variety of leadership roles across risk, finance, treasury and operations. Before being appointed president and CEO, he was senior vice president and chief financial officer.

According to Toyota Financial, Cooke helped “expand the company’s finance and insurance capabilities, enhance product offerings and strengthen support for Toyota and Lexus customers and dealers across the U.S” during his term as president and CEO.

“Scott’s leadership has been instrumental in shaping Toyota Financial Services into the strong, customer-focused organization it is today,” said Toyota Motor North America Chief Operating Officer Mark Templin. “His contributions have left a lasting impact on our business, our partners, and our people.”

His successor, Hagey, has been with Toyota for more than 36 years, with a “proven track record across sales, marketing, operations and financial services,” Toyota Financial said.

“Alec’s deep experience and strong relationships across our organization make him the right leader to guide TFS into the future,” Templin added. “He understands our customers, our dealers, and our business, and he is well-positioned to build on the strong foundation Scott has established.”

Cooke will remain with the company as an executive adviser supporting the Americas Oceania Region of Toyota Financial to help ensure a smooth transition.