Toro appointed Edric C. Funk as President and Chief Executive Officer, effective November 1, 2026, while Richard M. Olson will transition to Executive Chairman on the same date.
| IndividualEdric C. FunkRichard M. Olson | RolePresident and Chief Executive Officer; Director (elected July 21, 2026)Executive Chairman (formerly Chairman and Chief Executive Officer) | Type of ChangeAppointedRole transition | Effective DateNovember 1, 2026 (board membership effective immediately on July 21, 2026)November 1, 2026 | ReasonPlanned leadership transition as part of long-term succession planningPlanned leadership transition as part of long-term succession planning | Replacement InfoN/AReplaced as CEO by Edric C. Funk | Background DetailsJoined Toro in 1996; held roles in design, marketing and management across Residential, Landscape Contractor, International and Commercial businesses; promoted through product management and technology leadership roles; GM of Sitework Systems Nov 2020; GVP of Golf, Grounds and Irrigation Nov 2022; President & COO Sept 2025 (max 200 chars)Served as CEO since Nov 2016 and Chairman since Nov 2017 | Board/Committee Role ChangesElected to Board July 21, 2026; will not serve on any Board committees while an employeeWill serve as Executive Chairman; committee roles not disclosed |
Original SEC Filing:
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