Toro Management
Management criteria checks 2/4
Toro's CEO is Rick Olson, appointed in Sep 2015, has a tenure of 8.58 years. total yearly compensation is $9.03M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth €2.91M. The average tenure of the management team and the board of directors is 2 years and 5.1 years respectively.
Key information
Rick Olson
Chief executive officer
US$9.0m
Total compensation
| CEO salary percentage | 12.5% |
| CEO tenure | 8.6yrs |
| CEO ownership | 0.03% |
| Management average tenure | 2yrs |
| Board average tenure | 5.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Feb 02 2024 | n/a | n/a | US$288m |
| Oct 31 2023 | US$9m | US$1m | US$330m |
| Aug 04 2023 | n/a | n/a | US$377m |
| May 05 2023 | n/a | n/a | US$517m |
| Feb 03 2023 | n/a | n/a | US$481m |
| Oct 31 2022 | US$7m | US$1m | US$443m |
| Jul 29 2022 | n/a | n/a | US$386m |
| Apr 29 2022 | n/a | n/a | US$357m |
| Jan 28 2022 | n/a | n/a | US$368m |
| Oct 31 2021 | US$9m | US$1m | US$410m |
| Jul 30 2021 | n/a | n/a | US$422m |
| Apr 30 2021 | n/a | n/a | US$415m |
| Jan 29 2021 | n/a | n/a | US$371m |
| Oct 31 2020 | US$6m | US$871k | US$330m |
| Jul 31 2020 | n/a | n/a | US$296m |
| May 01 2020 | n/a | n/a | US$267m |
| Jan 31 2020 | n/a | n/a | US$285m |
| Oct 31 2019 | US$5m | US$925k | US$274m |
| Aug 02 2019 | n/a | n/a | US$275m |
| May 03 2019 | n/a | n/a | US$293m |
| Feb 01 2019 | n/a | n/a | US$309m |
| Oct 31 2018 | US$5m | US$875k | US$272m |
| Aug 03 2018 | n/a | n/a | US$267m |
| May 04 2018 | n/a | n/a | US$256m |
| Feb 02 2018 | n/a | n/a | US$245m |
| Oct 31 2017 | US$5m | US$775k | US$268m |
Compensation vs Market: Rick's total compensation ($USD9.03M) is above average for companies of similar size in the German market ($USD3.42M).
Compensation vs Earnings: Rick's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Rick Olson (59 yo)
8.6yrs
Tenure
US$9,025,811
Compensation
Mr. Richard M. Olson, also known as Rick, serves as Director at Donaldson Company, Inc since January 27, 2022. He has been the Chief Executive Officer of The Toro Company since November 1, 2016 and has bee...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8.6yrs | US$9.03m | 0.034% $ 2.9m | |
| VP & CFO | 1.1yrs | US$2.09m | 0.0058% $ 495.1k | |
| VP, General Counsel & Corporate Secretary | less than a year | US$1.86m | no data | |
| Group Vice President of Landscapes & Contractor | no data | US$1.57m | 0.0052% $ 439.7k | |
| VP of Global Operations & Integrated Supply Chain | 2.4yrs | US$3.38m | 0.0033% $ 278.6k | |
| Vice President of Technology | 3.4yrs | no data | 0.021% $ 1.8m | |
| Treasurer | no data | no data | no data | |
| Senior Manager of Public Relations | no data | no data | no data | |
| Vice President of Strategy | less than a year | no data | no data | |
| Vice President of Human Resources | 1.7yrs | no data | 0.0028% $ 236.0k | |
| Managing Director of Distributor Development | 9yrs | no data | no data | |
| Director | no data | no data | no data |
2.0yrs
Average Tenure
53.5yo
Average Age
Experienced Management: TO2's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8.3yrs | US$9.03m | 0.034% $ 2.9m | |
| Independent Director | 8yrs | US$222.90k | 0.010% $ 868.3k | |
| Lead Independent Director | 17.8yrs | US$262.15k | 0.032% $ 2.7m | |
| Independent Director | 5.1yrs | US$233.12k | 0.0067% $ 572.6k | |
| Independent Director | 11.7yrs | US$276.99k | no data | |
| Independent Director | 2.1yrs | US$261.68k | 0.0018% $ 153.4k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 5.1yrs | US$222.90k | 0.000020% $ 1.7k | |
| Independent Director | 2.1yrs | US$65.14k | 0.0022% $ 183.2k |
5.1yrs
Average Tenure
58yo
Average Age
Experienced Board: TO2's board of directors are considered experienced (5.1 years average tenure).