Nacco Industries Inc. announced that Michael E. Shannon and Eugene Wong will resign from the Board of Directors of Nacco and the Board of Directors of Nacco's principal subsidiaries, effective as of, and contingent upon, the spin-off date. David B. H. Williams and James A. Ratner have been elected, effective as of, and contingent upon, the spin-off date, as members of the Board of Directors of Nacco and each of its principal subsidiaries, The North American Coal Corporation, Hamilton Beach Brands Inc. and The Kitchen Collection Inc. Mr. Williams, who is the son-in-law of Alfred M. Rankin, Jr., the Chairman, President and Chief Executive Officer of Nacco, will be a member of the Finance Committee of the Nacco Board of Directors. Mr. Ratner will be a member of the Nacco Finance, Compensation and Audit Review Committees.

The Board of Directors of Nacco also appointed the following individuals to the offices indicated which appointments will be effective as of, and contingent upon, the spin-off date: J.C. Butler, Jr. as Senior Vice President-Finance, Treasurer and Chief Administrative Officer; Robert L. Benson as President and Chief Executive Officer of the North American Coal Corporation and Gregory L. Trepp as President and Chief Executive Officer of Hamilton Beach Brands Inc. Kenneth C. Schilling, the current Vice-President and Controller and principal financial officer of Nacco, will resign effective on the spin-off date as the principal financial officer of Nacco and J.C. Butler, Jr., the newly-appointed Senior Vice-President - Finance, Treasurer and Chief Administrative Officer of Nacco will become the principal financial officer of Nacco at the Spin-Off Date. In addition, effective as of, and conditioned upon, the Spin-Off Date, Michael P. Brogan, President and Chief Executive Officer of NMHG and Colin Wilson, Vice President and Chief Operating Officer of NMHG and President, Americas of NMHG will no longer be named executive officers of Nacco as a result of the Spin-Off.