Toro appoints new CEO in planned succession

Neel Madsen Editor, Demolition & Recycling International

30 July 2026

The Toro Company has elected president and COO Edric Funk as successor to Richard Olson. He takes over as president and CEO effective 1 November 2026.

The leadership transition is part of a long-term, succession planning process, said Toro in a statement. It sees Funk join the board of directors, effective immediately, before he steps up to the top position later in the year.

Funk, a 30-year veteran of the company, has served as president and…

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