Company veteran Robert Parahus will oversee home building operations in 24 states.
Toll Brothers has named a new president and new executive vice presidents.
Toll Brothers, the luxury home builder, announced that Robert Parahus - the company’s current executive vice president and co-COO - has been promoted to the position of president and COO effective Nov. 1.
Parahus will oversee the company’s home building operations nationwide.
James Boyd, current EVP and co-COO, will reterire at the end of 2021 after 30 years with the company.
Toll Brothers also announced the promotions of Karl Mistry Seth Ring, 41 to the roles of executive vice president, jointly managing homebuilding operations and reporting directly to Parahus effective Nov. 1
Mistry, who currently serves as regional president, Mid-Atlantic, will be responsible for the company’s operations in the East, which consist of its North, Mid-Atlantic, and South regions,
Ring, who currently serves as regional president, Pacific, will be responsible for the company’s operations in the West, which consist of its Mountain and Pacific regions.
“Today’s announcement reflects the implementation of the management succession plan we put in place in 2019,” said Douglas Yearley, Jr., chairman and CEO of Toll Brothers. “I want to thank Rob and Jim for their incredible contributions as Co-COOs of Toll Brothers, and to extend my heartfelt congratulations to both of them – to Rob on his promotion to president and COO, and to Jim on his upcoming retirement,”
Parahus began his career with Toll Brothers in 1986. In 1992 and 1993, he led Toll Brothers’ expansion into Connecticut and New York. He was appointed regional president in 2006, where he managed homebuilding operations for the New Jersey, New York, Connecticut, Massachusetts, and Florida markets.
In addition, Parahus oversaw Toll Integrated Systems, the company’s building component manufacturing operations, with five plants located in the eastern and mid-western United States.
In 2019, Parahus was appointed EVP and co-COO with overall responsibility for the company’s eastern regions.
In his new role as president and COO, he will oversee all Toll Brothers home building operations in 24 states and more than 50 markets nationwide.