Editor’s note: This story has been updated.
Rod Schrader, Komatsu America president/CEO, will step down from his roles as chairman and CEO on March 31. He will fully retire on June 30, 2025.
Komatsu North American sales and services functions for construction and mining have been consolidated into a new company to be established as a subsidiary of Komatsu America. The new company, Komatsu North America, will be established on March 31. Rodney Bull, currently EVP of Komatsu, will lead the new company as its CEO.
“It has been an incredible honor to lead Komatsu America and its talented team across the U.S. and Canada,” said Schrader in a statement. “I am proud of all that we have accomplished, and I have full confidence that Rod will continue to propel the company forward with a clear vision and strategic leadership.”
“Komatsu has a strong legacy of innovation and excellence, and I am honored to step into the role of CEO,” said Bull in a statement. “I look forward to working with our employees, customers, dealers and other partners to build on our success and continue driving growth in the years ahead.”
Komatsu Ltd., headquartered in Japan, is the parent company of Komatsu America, which operates as a wholly owned subsidiary. Komatsu Mining is a wholly owned subsidiary of Komatsu America. In a press release, Komatsu Ltd. said its board of directors had agreed on the reorganization on February 18, 2025.
Komatsu America will supervise all operations in the North America region once the reorganization is complete.
Schrader joined Komatsu in 1987 as a product manager. He has held various roles within the company covering marketing, sales, and management. In 2015, he was appointed senior executive officer of Komatsu Ltd.. He has served as chairman/CEO of Komatsu America since 2012, where he oversees the company’s large manufacturing footprint as well as product distribution for construction, forestry, mining and utility equipment, technology, and services.
