Toll Brothers Promotes Robert Parahus To COO, James Boyd To Retire

Toll Brothers Inc TOL has promoted Executive Vice President and Co-Chief Operating Officer, Robert Parahus to the position of President and Chief Operating Officer, effective November 1, 2021. In his role, Parahus will oversee the company's homebuilding operations nationwide.
James Boyd, current EVP and Co-COO, will retire at the end of December 2021 after 30 years with the company.
Toll Brothers also promoted Karl Mistry and Seth Ring to the roles of Executive Vice President, jointly managing homebuilding operations and reporting directly to Parahus effective November 1, 2021.
Price Action: TOL shares closed lower by 0.62% at $60.89 on Monday.