Toyota Financial Services (TFS) has announced a series of executive changes intended to support the company’s strategic direction and leadership continuity.
Alec Hagey, who previously served as senior vice president and chief operating officer, will take on the newly established role of executive advisor to the president. In this position, Hagey is expected to use his experience within TFS and Toyota Motor North America to lead key strategic projects for the organization’s future. He remains a member of both the TFS Executive Committee and the Toyota Motor Credit Corporation (TMCC) Board of Directors.
Tellis Bethel will continue in his capacity as president and CEO of Toyota Financial Savings Bank (TFSB). Additionally, Bethel has been appointed chief financial officer of TMCC and Toyota Financial Services International Corporation (TFSIC). The company stated: “The company will rely on Bethel’s depth of expertise to enhance cross-organizational coordination between these highly interrelated companies. TFS continues to benefit from Bethel’s more than two decades of Toyota experience in progressive leadership roles on both the finance and sales side of the business.”
James Schofield, previously chief financial officer at TMCC, will become president of TFSB. According to TFS, “Schofield brings wide-ranging financial services experience coupled with strong leadership capabilities to this essential role. He will continue to foster close ties between TFSB and dealers and private label clients.” Schofield will also join the TFSB Board of Directors.
Briana Nelson has taken on an expanded role as group vice president of sales and marketing after serving as group vice president of sales. The company noted: “Nelson is the ideal choice for this position, having previously led both the TFS sales and marketing organizations. She will ensure these crucial functions are aligned in order to deliver the best possible service to dealers and customers.”
All appointments are effective immediately.
Toyota Financial Services provides financing products for Toyota vehicles in the United States through its subsidiaries such as TMCC and Toyota Lease Trust. It also offers insurance products via Toyota Motor Insurance Services. As reported at the end of March 2025, TFS employed about 3,800 people nationwide with assets exceeding $150 billion. The company operates as part of a global network under Toyota Financial Services Corporation, itself wholly owned by Toyota Motor Corporation.
TFS communicates material information through its investor relations website section (www.toyotafinancial.com), SEC filings, press releases, and social media platforms including Facebook and Instagram.