{"id":962504,"date":"2026-05-13T21:52:14","date_gmt":"2026-05-14T01:52:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/toll-brothers-announces-seth-ring-to-succeed-rob-parahus-as-president-and-chief-operating-officer\/"},"modified":"2026-05-13T21:52:14","modified_gmt":"2026-05-14T01:52:14","slug":"toll-brothers-announces-seth-ring-to-succeed-rob-parahus-as-president-and-chief-operating-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/toll-brothers-announces-seth-ring-to-succeed-rob-parahus-as-president-and-chief-operating-officer\/","title":{"rendered":"Toll Brothers Announces Seth Ring to Succeed Rob Parahus as President and Chief Operating Officer"},"content":{"rendered":"
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FORT WASHINGTON, Pa., May 13, 2026 (GLOBE NEWSWIRE) — Toll Brothers, Inc.<\/a> (NYSE: TOL) (TollBrothers.com), the nation\u2019s leading builder of luxury homes, today announced that Seth J. Ring, Executive Vice President and a 22-year veteran of the Company, will succeed Robert Parahus as President and Chief Operating Officer effective June 30, 2026. He will also join the Company\u2019s Board of Directors. Following his retirement, Mr. Parahus will continue to serve the Company as a senior advisor, facilitating the smooth transition of COO responsibilities and providing strategic counsel to the executive team.<\/p>\n

\u201cDuring his 40 years with Toll Brothers, Rob has been an outstanding leader and business partner,\u201d said Douglas C. Yearley, Jr., Executive Chairman of Toll Brothers. \u201cRob\u2019s 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.\u201d<\/p>\n

\u201cI want to congratulate Rob on his incredible 40-year career at Toll Brothers and to thank him not only for his contributions to our success, but also for serving as a mentor to me and so many other leaders at our Company,\u201d said Karl K. Mistry, Chief Executive Officer of Toll Brothers. \u201cSeth and I have worked closely together, alongside Doug and Rob, over many years, and we have a shared commitment to operational excellence, delivering exceptional quality to our customers, and achieving sustained long-term growth and value creation for our shareholders. With Seth as my partner in the role of President and Chief Operating Officer, I am very excited for the future of Toll Brothers.\u201d<\/p>\n

Mr. 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. He was promoted to Division President of Southern California in 2014. He played a key role in the $1.6 billion acquisition of California-based Shapell Homes in 2013, the largest acquisition in Toll Brothers\u2019 history, and its subsequent integration. He was named Group President overseeing operations across Northern and Southern California in 2016, and Regional President of the Pacific region in 2019. In his current role as Executive Vice President, a position he has held since 2021, Mr. Ring manages homebuilding operations in the West, including Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington. Mr. Ring holds a Bachelor of Arts degree in Urban Studies with a focus on Architecture from\u00a0Stanford University.<\/p>\n

Robert Parahus
Toll Brothers, Inc.<\/p>\n

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Seth J. Ring
Toll Brothers, Inc.<\/p>\n

\n ABOUT TOLL BROTHERS<\/strong>
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\n Toll Brothers, Inc.<\/a>, a Fortune 500 Company, is the nation\u2019s leading builder of luxury homes. The Company was founded in 1967 and became a public company in 1986 with common stock listed on the\u00a0New York Stock Exchange\u00a0under the symbol \u201cTOL.\u201d\u00a0Toll Brothers\u00a0builds new homes and communities in over 60 markets across\u00a0the United States, serving first-time, move-up, active-adult, and second-home buyers. The Company also operates its own architectural, engineering, mortgage, title, land development, smart home technology, landscape, and building components manufacturing businesses.<\/p>\n

Toll Brothers\u00a0was named the #1 Most Admired Home Builder in Fortune magazine\u2019s 2026 list of the World\u2019s Most Admired Companies\u00ae, the ninth year the Company has achieved this honor.\u00a0Toll Brothers\u00a0has also been named Builder of the Year by\u00a0Builder magazine\u00a0and is the first two-time recipient of Builder of the Year from\u00a0Professional Builder magazine. For more information visit\u00a0TollBrothers.com<\/a>.<\/p>\n

Toll Brothers\u00a0discloses information about its business and financial performance and other matters, and provides links to its securities filings, notices of investor events, and earnings and other news releases, on the Investor Relations section of its website (investors.TollBrothers.com<\/a>).<\/p>\n

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\n From Fortune, \u00a92026\u00a0Fortune Media IP Limited. All rights reserved. Used under license.<\/em>
\n <\/sup>\n <\/p>\n

\n FORWARD-LOOKING STATEMENTS\u00a0<\/strong>
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This release contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. One can identify these statements by the fact that they do not relate to matters of a strictly historical or factual nature and generally discuss or relate to future events. These statements contain words such as \u201canticipate,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cmay,\u201d \u201ccan,\u201d \u201ccould,\u201d \u201cmight,\u201d \u201cshould,\u201d \u201clikely,\u201d \u201cwill,\u201d and other words or phrases of similar meaning. Such statements may include, but are not limited to, information and statements regarding: market conditions\u037e mortgage rates\u037e inflation rates\u037e demand for our homes\u037e our build- to-order and quick move-in home strategy\u037e sales paces and prices\u037e effects of home buyer cancellations\u037e our strategic priorities\u037e growth and expansion\u037e our land acquisition, land development and capital allocation priorities\u037e anticipated operating results\u037e home deliveries\u037e financial resources and condition\u037e changes in revenues, profitability, margins and returns\u037e changes in accounting treatment\u037e cost of revenues, including expected labor and material costs\u037e availability of labor and materials\u037e selling, general and administrative expenses\u037e interest expense\u037e inventory write-downs\u037e home warranty and construction defect claims\u037e unrecognized tax benefits\u037e anticipated tax refunds\u037e joint ventures in which we are involved\u037e anticipated results from our investments in unconsolidated entities\u037e our ability to acquire land and pursue real estate opportunities\u037e our ability to gain approvals and open new communities\u037e our ability to market, construct and sell homes and properties\u037e our ability to deliver homes from backlog\u037e our ability to secure materials and subcontractors\u037e our ability to produce the liquidity and capital necessary to conduct normal business operations or to expand and take advantage of opportunities\u037e the outcome of legal proceedings, investigations, and claims\u037e management succession plans; and the impact of public health or other emergencies.<\/p>\n

Any or all of the forward-looking statements included in this release are not guarantees of future performance and may turn out to be inaccurate. This can occur as a result of incorrect assumptions or as a consequence of known or unknown risks and uncertainties. The major risks and uncertainties \u2013 and assumptions that are made \u2013 that affect our business and may cause actual results to differ from these forward-looking statements include, but are not limited to:<\/p>\n