Richard M. Olson
Chairman
Toro Co (TTC)Personal wealth note: Equibles reports source-backed professional activity and disclosed compensation; it does not estimate personal net worth.
About Richard M. Olson
Richard M. Olson is recorded as Chairman at Toro Co (TTC). Toro Co reported in an 8-K filed July 22, 2026 that Richard M. Olson was appointed Executive Chairman, effective November 1, 2026. The proxy statement of Toro Co reports total compensation of $8,436,478 for Richard M. Olson in fiscal 2025, including a base salary of $1,239,816. Disclosed compensation is on record for 9 fiscal years.
“In connection with the succession plan, current Chairman and Chief Executive Officer, Richard M. Olson, will transition to the role of Executive Chairman, effective November 1, 2026.”
Summary generated from SEC filings and earnings-call records held by Equibles.
Affiliation history
Recorded current and former roles; source labels appear when available.
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Current
2026-11-01–present
Company network
Recorded roles and call appearances connecting this person to public companies.
Leadership on record at Toro Co
Other people whose current roles at this company are on record from its filings.
- Edric C. Funk CEO, COO, Board Member
- Angela C. Drake CFO
- Amy E. Dahl General Counsel
- Joanna M. Totsky General Counsel
- Timothy P. Dordell General Counsel
- D. Christian Koch Board Member
- David W. Huml Board Member
- Dianne C. Craig Board Member
- Proposal Three Board Member
- Proposal Two Board Member
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | Toro Co (TTC) | Chairman of the Board and Chief Executive Officer | $1,239,816 | $8,436,478 |
| 2024 | Toro Co (TTC) | Chairman of the Board, President and Chief Executive Officer | $1,174,609 | $8,278,439 |
| 2023 | Toro Co (TTC) | Chairman of the Board, President and Chief Executive Officer | $1,129,958 | $9,025,811 |
| 2022 | Toro Co (TTC) | Chairman of the Board, President and Chief Executive Officer | $1,086,778 | $7,311,953 |
| 2021 | Toro Co (TTC) | Chairman of the Board, President and Chief Executive Officer | $1,045,930 | $8,629,851 |
| 2020 | Toro Co (TTC) | Chairman of the Board, President and Chief Executive Officer | $871,250 | $5,997,357 |
| 2019 | Toro Co (TTC) | Chairman of the Board, President and Chief Executive Officer | $925,000 | $5,267,433 |
| 2018 | Toro Co (TTC) | Chairman of the Board, President and CEO | $875,000 | $5,073,126 |
| 2017 | Toro Co (TTC) | Chairman of the Board, President and CEO | $775,000 | $5,066,709 |
Recent activity
Earnings-call and investor-event appearances, plus filed executive appointments or departures, newest first.