Ample rain, healthy green lawns and preorders for snow equipment helped Toro Co. deliver a strong quarter that beat expectations and allowed it to raise its full-year guidance, company officials said Thursday, a day after the company announced a significant leadership change.
Toro Co. promoted veteran executive Richard M. Olson to the role of president and chief operating officer, a move that positions him in line as a likely successor to chief executive and chairman Michael J. Hoffman.
Olson, 51, joined Toro 29 years ago and is currently its group vice president of international and micro-irrigation businesses and the head of global distributor development.
In his new role, Olson will oversee all Toro businesses and global operations and continue reporting to Hoffman.
For the full story, on startribune.com, click here