Toro Appoints Edric C. Funk President and

Toro announced a leadership change on July 22, 2026. Toro’s board elected President and Chief Operating Officer Edric C. Funk as CEO to succeed Richard M. Olson, who will transition to executive chairman; Funk said he looks forward to building on the company’s strengths and delivering long-term value for stakeholders.

What changed

Edric C. Funk was named President and Chief Executive Officer. Richard M. Olson, who has served as chief executive officer since 2016, will transition to the role of executive chairman of the board after more than four decades with the company.

Leader: Edric C. Funk
Role: President and Chief Executive Officer
Effective: November 1, 2026
Announcement date: July 22, 2026

Leadership background

Funk joined Toro in 1996 as a design engineer and has held leadership roles in engineering, marketing, global product management, and technology innovation. He led the company’s Center for Technology, Research and Innovation in 2017, became general manager of the Sitework Systems business in 2020, and later served as group vice president of Golf, Grounds and Irrigation. He has been president and chief operating officer since September 2025, with responsibility for all global businesses and integrated supply chain operations.

The mandate

In the company’s release, Funk said he looked forward to building on the organization’s strengths as Toro advances its market leadership and to delivering long-term value for its stakeholders. Toro said Funk will also join the board of directors, effective immediately.

Why this matters for GTM teams

Executive appointments can precede changes in strategy, operating cadence, hiring, partnerships, and technology priorities. The useful signal is not the title alone: teams should watch the new leader’s stated mandate, prior playbook, organizational scope, and the initiatives announced during the first two quarters.

Source and methodology

This leadership profile is based on the company’s announcement. Roles, transition timing, and biographical details are presented as announced; SalesTools Research does not infer undisclosed succession plans.

Toro