Benzinga | Sep 14, 2021 08:13AM EDT

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

* Toll Brothers Inc (NYSE: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.