Leadership Transition at Toll Brothers: A New CFO Emerges
Toll Brothers Names Gregg Ziegler as New CFO
In an exciting development for Toll Brothers, Inc. (NYSE: TOL), Gregg Ziegler, a seasoned executive with a lengthy history at the company, is set to take over as Chief Financial Officer (CFO) following the retirement of Marty Connor. This change will officially take place at the conclusion of the company's fiscal year. While Connor steps down from his primary role, he will remain with Toll Brothers in a senior advisory capacity for a year, ensuring a smooth transition.
A Strong Leadership Transition
Gregg Ziegler brings an impressive track record to his new position. As a 23-year veteran of Toll Brothers, he has served in various key financial roles, currently holding the title of Senior Vice President of Investor Relations & Treasurer. His familiarity with the company’s operations and financial strategies positions him ideally to lead the company into its next chapter.
Commitment to Financial Excellence
Ziegler will report directly to Douglas C. Yearley, Jr., the Chairman and CEO, and will oversee critical functions including accounting, treasury, finance, tax, investor relations, risk management, internal audit, and information technology. This multifaceted role underscores the confidence that leadership has in Ziegler’s capabilities to maintain the financial health of Toll Brothers.
The Legacy of Marty Connor
Looking back on Marty Connor's tenure at Toll Brothers, it's clear he has left an indelible mark. He has been instrumental in driving the company's growth and profitability over the years. Yearley praised Connor’s contributions, stating, “During his 17 years with Toll Brothers, Marty has been an outstanding leader, business partner, and financial steward.” His mentorship will be invaluable as Ziegler steps into the CFO role, allowing for continuity and stability.
A Comprehensive Background
Gregg Ziegler's journey with Toll Brothers began in 2002 as an Assistant Finance Director. Over the years, he ascended through various roles, including Senior Vice President and Treasurer, before taking on his current responsibilities in investor relations. His educational background, featuring a Bachelor of Science in Accounting and an MBA from Villanova University, equips him well for this new challenge.
About Toll Brothers
Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, operating over 60 markets across 24 states. Founded in 1967, the company became public in 1986 and has since continually expanded its offerings to cater to diverse buyers—ranging from first-time homeowners to urban renters. The company's commitment to quality and excellence has earned it a prominent position in the housing industry, making it one of Fortune's Most Admired Companies for over a decade.
They not only build homes but also develop master-planned communities and golf course layouts, in addition to operating their own subsidiaries in engineering, insurance, and home technology.
A Bright Future Ahead
Toll Brothers' leadership transition comes at a crucial time. With Ziegler at the helm of financial strategy, the company aims to capitalize on current market opportunities while remaining resilient amidst challenges. His extensive experience, particularly in investor relations and mergers, is expected to enhance the company's financial strategies further.
As they usher in this new era, industry analysts remain optimistic about Toll Brothers' trajectory. The combination of Ziegler's industry knowledge and Connor's continued advisory presence suggests the company is well-equipped to thrive in the competitive landscape of luxury homebuilding.
Frequently Asked Questions
Who is the new CFO of Toll Brothers?
The new CFO is Gregg Ziegler, succeeding Marty Connor.
What role will Marty Connor play after his retirement?
He will serve as a senior advisor for one year to assist with the transition and provide strategic guidance.
What are Gregg Ziegler's previous roles in Toll Brothers?
Ziegler has held various positions including Senior Vice President of Investor Relations and Treasurer, beginning his career as an Assistant Finance Director.
How long has Toll Brothers been in operation?
Toll Brothers was founded in 1967, making it one of the leading builders in the industry for over five decades.
What is Toll Brothers known for?
Toll Brothers is known for building luxury homes and offering a range of real estate solutions across multiple markets in the United States.
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