Leadership Team

russell toney

Russell Toney

President, Nortek Air Solutions

Russell Toney is a senior business executive with an extensive track record of leadership in manufacturing companies.  Prior to joining Madison Air, Russell was an Operating Company President at Dover Corporation, a diversified global manufacturer with approximately $8 billion in sales.  At Dover, Russell led businesses that provide highly engineered products to customers in a variety of industries, including Industrial Automation, Automotive, and Electronics.


Throughout his career, Russell has progressed through leadership roles in Engineering, Operations, Sales, and Supply Chain.  Russell’s broad functional experience has enabled him to effectively develop strategies that delivered revenue growth and operational excellence.  Prior to joining Dover, Russell spent 13 years at the General Electric Company in a variety of functional and business leadership roles.  Earlier in his career, Russell also worked at The Boston Consulting Group as a strategy consultant and at the Procter & Gamble Company in engineering and manufacturing roles.


Russell serves on the board of Albany International (NYSE: AIN), a leading manufacturer of advanced materials-based components for aerospace applications and textile-based products for paper manufacturing.   Russell also serves as Board President for Chicago Cares, a non-profit organization that is working to build a stronger Chicago through civic engagement.  He also serves as a Board Director for Dupage Children’s Museum, an organization committed to helping children thrive through access to extraordinary learning experiences.


A native of Cincinnati, OH, Russell attended the University of Dayton, OH where he earned a bachelor’s degree in Chemical Engineering.  Russell later obtained an MBA from Darden Business School at the University of Virginia. He currently lives in the Greater Chicago area where he is married with five children.