Published July 19, 2016 5:13pm EDT | Updated July 19, 2016 8:03pm EDT

Toro Names Richard Olson As New CEO

Toro Co. said late Tuesday that it named Chief Operating Officer Richard Olson as president and chief executive officer, effective Nov. 1. Michael Hoffman, the current chairman and CEO, will remain chairman of the board. Shares of Toro remained unchanged after closing at $90.55 during the regular session.