Toro Elects New President and CEO as Part of Planned Succession

Toro names Edric Funk CEO as Richard Olson steps down after decade at helm

Edric Funk will take over as chief executive on Nov. 1, with current CEO Richard Olson becoming executive chairman. Funk has been with Toro for nearly 30 years.

The Toro Company Elects President and Chief Operating Officer Edric C. Funk to Succeed Richard M. Olson as Chief Executive Officer as Part of Planned Succession

BLOOMINGTON, Minn.--(BUSINESS WIRE)--Jul 22, 2026-

Toro elects new president and CEO as part of planned succession

Toro has announced Edric C. Funk as its next president and chief operating officer, effective November 1, 2026. Funk will succeed Richard M. Olson, who will transition to the role of executive chairman of the board following more than four decades with the company, most recently as chief executive officer since 2016. Funk will also join the board of directors, effective immediately. Funk, a 30-year veteran of the company, has served as president…