Toll Brothers Announces Chairman and CEO Doug Yearley to Become Executive Chairman; Karl Mistry to Succeed Yearley as Chief Executive Officer

Core Viewpoint - Toll Brothers, Inc. is undergoing a leadership transition with Douglas C. Yearley, Jr. moving to the role of Executive Chairman and Karl K. Mistry being appointed as the new Chief Executive Officer effective March 30, 2026 [1][2] Leadership Transition - Douglas C. Yearley, Jr. has been with Toll Brothers since 1990 and has served as CEO since 2010, leading the company through significant growth and value creation [2][3] - Karl K. Mistry, a 22-year veteran of Toll Brothers, will succeed Yearley as CEO, demonstrating the company's strong internal talent and succession planning [1][2] - Yearley will continue to play a significant management role as Executive Chairman, guiding strategic initiatives and supporting Mistry's transition [1][2] Company Background - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, operating in over 60 markets across 24 states [4][5] - The company was founded in 1967 and became publicly traded in 1986, listed on the New York Stock Exchange under the symbol "TOL" [4] - Toll Brothers has been acknowledged as one of Fortune magazine's World's Most Admired Companies for over 10 years and has received multiple Builder of the Year awards [5] Karl K. Mistry's Experience - Mistry joined Toll Brothers in 2004 and has held various leadership positions, including Division President and Regional President, before becoming Executive Vice President in 2021 [3] - He has managed homebuilding operations across 15 states in the Eastern U.S. and holds degrees in Economics and Real Estate Finance & Development [3] Strategic Vision - Both Yearley and Mistry emphasize the importance of continuing to build on the strong legacy of the company while focusing on customer service and brand development [2][3]