FORT WASHINGTON, PA — Toll Brothers, Inc. (NYSE: TOL) appointed longtime executive Seth Ring as president and chief operating officer effective June 30, positioning the 22-year company veteran to succeed retiring executive Robert Parahus.
Ring will also join Toll Brothers’ board of directors as part of the leadership transition, while Parahus will remain with the company as a senior advisor following his retirement.
The move marks a significant management transition at the luxury homebuilder as it navigates a national housing market shaped by elevated mortgage rates, constrained inventory, and continued demand for higher-end homes.
Parahus spent 40 years with Toll Brothers and most recently served as president and chief operating officer.
Chief Executive Officer Karl Mistry said Ring has worked closely with the company’s senior leadership on operational strategy and expansion efforts over multiple years.
“With Seth as my partner in the role of President and Chief Operating Officer, I am very excited for the future of Toll Brothers,” Mistry stated.
Ring joined Toll Brothers in 2004 and advanced through a series of operational leadership roles, including division president for Southern California, regional president for the Pacific region, and executive vice president overseeing western U.S. homebuilding operations.
The company noted Ring played a role in Toll Brothers’ $1.6 billion acquisition of Shapell Homes in 2013, which remains the largest acquisition in the company’s history.
In his current executive vice president role, Ring oversees operations across Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington.
Executive Chairman Douglas Yearley Jr. described Ring as a proven operational leader with deep institutional knowledge of the company.
“Seth is also a proven leader with over two decades of experience at the Company, and he is the perfect person to succeed Rob in this role,” Yearley stated.
Ring holds a degree in urban studies with a focus on architecture from Stanford University.
Support the local news that supports Chester County. MyChesCo delivers reliable, fact-based reporting and essential community resources—free for everyone. If you value that, click here to become a patron today.