Management ChangeMay 13, 2026, 04:32 PM
Toll Brothers Names Seth J. Ring President & COO; Parahus Retires
AI Summary
Toll Brothers, Inc. announced that Seth J. Ring, a 22-year company veteran and Executive Vice President, will succeed Robert Parahus as President and Chief Operating Officer, effective June 30, 2026. Mr. Ring will also join the Company's Board of Directors. Mr. Parahus is retiring after 40 years of service but will continue as a senior advisor to ensure a smooth transition and provide strategic counsel. The company highlighted Mr. Ring's extensive experience, including his role in the $1.6 billion acquisition of Shapell Homes in 2013.
Key Highlights
- Seth J. Ring appointed President and COO, effective June 30, 2026.
- Mr. Ring will also join the Toll Brothers Board of Directors.
- Robert Parahus retires as President and COO after 40 years.
- Mr. Parahus will continue as a senior advisor to the executive team.
- Mr. Ring is a 22-year company veteran, most recently Executive Vice President.
- He played a key role in the 2013 $1.6 billion Shapell Homes acquisition.
- Toll Brothers named #1 Most Admired Home Builder by Fortune for 9th year.