Toll Brothers Appoints 22-Year Veteran Seth Ring as President and COO Effective June 30
Toll Brothers will elevate Seth J. Ring to President and Chief Operating Officer effective June 30, 2026, with Ring joining the board after 22 years at the company. Veteran executive Robert Parahus will retire after 40 years but continue as a senior advisor to guide the COO transition.
1. Transition Announcement
Toll Brothers announced that Executive Vice President Seth J. Ring will succeed Robert Parahus as President and Chief Operating Officer on June 30, 2026. Ring will also join the company’s board of directors, marking a leadership shift at the nation’s top luxury homebuilder.
2. Ring’s Career Highlights
Ring joined Toll Brothers in 2004 as an Assistant Project Manager and rose through roles including Southern California Division President and Group President. He oversaw the $1.6 billion Shapell Homes acquisition and has managed operations across eight Western states since becoming Executive Vice President in 2021.
3. Parahus’ Advisor Role
After four decades leading as President and COO, Robert Parahus will retire June 30 but remain with the company as a senior advisor. He will support continuity in COO responsibilities and provide strategic counsel to the executive team.
4. Recent Share Movement
In the most recent trading session, shares of Toll Brothers declined 1.15% while broader market indices advanced, reflecting mixed investor sentiment following the leadership announcement.