BLOOMINGTON, Minn.--(BUSINESS WIRE)--Jan. 19, 2016--
The Toro Company (NYSE: TTC) today announced that its Board of Directors
has elected Richard M. Olson, Toro’s President and Chief Operating
Officer, to the Board of Directors, effective immediately. The addition
of Mr. Olson brings the Toro Board of Directors to 10 members.
Mr. Olson has served as Toro’s President and Chief Operating Officer
since September 2015. He joined Toro in 1986 and spent his first 14
years in increasing leadership roles in operations, including as a
Commercial Engineering Program Manager, Director of Plant Operations at
Toro’s facility in Shakopee, Minnesota, and Managing Director of
Northern Manufacturing Operations. Mr. Olson has held a number of
executive positions in Toro’s businesses, including as Vice President,
Exmark, Vice President, International Business, and Group Vice
President, International Business, Micro-Irrigation Business and
Distributor Development. Mr. Olson holds a Bachelor of Science degree in
industrial technology from Iowa State University and a Masters of
Business Administration degree from the Carlson School of Management at
the University of Minnesota.
“The rich company knowledge and broad experience that Rick has gained
through his leadership of our businesses and manufacturing operations
provide him with a unique strategic perspective and we are pleased to
have him join the Board,” said Michael J. Hoffman, Toro’s Chairman and
Chief Executive Officer.
About The Toro Company
The Toro Company (NYSE: TTC) is a
leading worldwide provider of innovative solutions for the outdoor
environment, including turf, snow and ground engaging equipment and
irrigation and outdoor lighting solutions. With sales of $2.4 billion in
fiscal 2015, Toro’s global presence extends to more than 90 countries.
Through constant innovation and caring relationships built on trust and
integrity, Toro and its family of brands have built a legacy of
excellence by helping customers care for golf courses, landscapes,
sports fields, public green spaces, commercial and residential
properties and agricultural fields. For more information, visit www.thetorocompany.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160119006693/en/
Source: The Toro Company
The Toro Company
Investor Relations
Heather
Hille, 952-887-8923
Director, Investor Relations
heather.hille@toro.com
or
Media
Relations
Branden Happel, 952-887-8930
Senior Manager,
Public Relations
branden.happel@toro.com
