 Dr. Shankar Basu
Chairman & CEO
Toyota Material Handling, U.S.A., Inc.
Dr. Shankar Basu is chairman and CEO for Toyota Material Handling, U.S.A., Inc. (TMHU), the number one selling full-line lift truck supplier in the United States. In this position, he is focused on continuing the company’s innovation and leadership roles within the industry. He also is on the TMHU board and a director of Toyota Industrial Equipment Manufacturing, the Columbus, Ind., lift truck manufacturing plant.
Basu recently served as president and CEO for nearly a decade and, during his tenure, was influential in catapulting the company to its number one lift truck supplier ranking.
Basu joined Toyota Industrial Equipment (TIE) in 1981 as national marketing manager. He also served as assistant general manager for marketing, planning and distribution, assistant general manager for parts and service, and assistant general manager for sales and planning operations. Before joining TIE, Basu served as marketing services manager in Allis Chalmer's forklift division. Previously, he also held the position of group vice president of Toyota Motor Sales, U.S.A., Inc. and general manager for TIE.
He received his bachelor’s degree in engineering from Indian Institute of Technology and his master’s degrees in both engineering and business administration from the University of Minnesota in Minneapolis. He earned a doctorate degree in executive management at Claremont Graduate University in Claremont, Calif.
Basu has been a member of the executive committee of the board of directors of the Industrial Truck Association. He also was a member of the board of advisors of the Material Handling Equipment Distributors Association (MHEDA). He is currently a member of the board of advisors of University of California Irvine’s Graduate School of Business. In addition, Basu was recently appointed to Material Handling Industry of America’s (MHIA) Roundtable of Industry Leaders.
Basu was named "Marketing Success of the Year" by the Southern California chapter of the American Marketing Association. He also has been a professor of management at Chapman University in Orange, Calif., and at California State University of Long Beach.
Basu resides in Santa Ana, Calif., with his wife, Bogumila.
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