The luxury homebuilder Toll Brothers Inc. (NYSE: TOL) announced the promotion of Seth J. Ring from executive vice president to president and chief operating officer, effective June 30.
Ring began his career at Toll Brothers in 2004 as an assistant project manager in the Southern California division, taking on numerous roles with increasing responsibilities over the years. Ring, who is also joining the company’s board of directors, will succeed Robert Parahus, who is retiring. Parahus will continue to serve as a senior advisor, providing strategic counsel to the executive team.
“During his 40 years with Toll Brothers, Rob has been an outstanding leader and business partner,” said Douglas C. Yearley Jr., executive chairman of Toll Brothers. “Rob’s business acumen, unwavering dedication, and trusted guidance have been invaluable to me and the Company over the many years we have worked together. I wish him well in the future as he looks forward to his well-earned retirement. Seth is also a proven leader with over two decades of experience at the company, and he is the perfect person to succeed Rob in this role.”
Photo: Seth J. Ring
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