NACCO Industries announced a planned transition to its board of directors, including the stepping down of current Chairman of the Board Alfred M. Rankin, Jr., effective May 15, 2026. However, he will continue to serve as a member. The board has appointed General John P. Jumper, a long-standing director who has served on the board since 2012, as the new chairman. Jumper previously served as chief of staff of the U.S. Air Force and chairman and CEO of Leidos Holdings, Inc. In addition, the board has appointed Matthew M. Rankin, who has served on the board since 2017, as vice chair.