internal
Karl K. Mistry
Chief Executive Officer
Executive
0 yr
11 reports
Toll Brothers, Inc. ·TOL
Founder-led CEO succession keeps operations tightly centralized
Engineering & Construction · Fortune #390 · Functional structure · 5K employees · Fort Washington, Pennsylvania
View as of:
6
CEO span
↓ tighter than peers (avg 8)
1.7
Avg span
tight
3
Max depth
3 levels
3.3 yr
Avg tenure
↓ 6.5yr from FY2024
83%
Internal hires
↑ above industry avg
Consolidated financials FY2019 · period end 2018-10-31 · 10-K
Revenue
$7.1B
Operating income
$1.7B
Net income
$1.3B
Total assets
$14.5B
Shares out
95M
Sourced from Toll Brothers, Inc. DEF 14A · filed 2026-01-29 ↗ View on SEC
Interactive org chart
Toll Brothers, Inc. organizational chart
Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.
Open editable chart
Take this model into your AI workspace Use AI to reason through the model, then bring the scenario back into Creately Atlas.
Choose a prompt, then open an AI app and paste.
Download the CSV data instead
Founder‑led CEO succession keeps operations tightly centralized. This page maps Toll Brothers’ executive structure after Karl Mistry’s 2026 promotion, detailing CEO span, leadership continuity, recent changes, and peer comparisons.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Karl K. Mistry moved into Chief Executive Officer
Promoted to CEO effective March 30, 2026.
Source · See change logScenario views in the chart
- Add Chief AI Officer Introduce a Chief AI Officer to modernize data, forecasting, and construction analytics.
- Executive Chairman Retires Executive Chairman steps back, fully consolidating authority under the CEO.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
- Connect Salesforce Map your target accounts like this. Import contacts, visualize decision chains, plan multi-threading.
- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Robert Parahus
President and Chief Operating Officer
Operations
8 yr
0 reports
internal
Gregg L. Ziegler
Chief Financial Officer
Finance
0 yr
2 reports
Kevin J. Coen
Senior Vice President, Secretary
Legal
5 yr
1 reports
Open Role
Chief Human Resources Officer
Human Resources
3 yr
1 reports
Open Role
Chief Information Officer
Information Technology
4 yr
1 reports
internal
Douglas C. Yearley, Jr.
Executive Chairman
Board / Executive
1 yr
0 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 3 named executive officers disclosed. Bar length scales with total compensation.
Douglas C. Yearley, Jr. $15.3M
- Base salary
- $1.20M
- Stock awards
- $7.04M
- Option awards
- $6.75M
- Pension change
- $291K
- Other
- $41K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Martin P. Connor $5.5M
- Base salary
- $1.02M
- Stock awards
- $1.88M
- Option awards
- $2.56M
- Pension change
- $25K
- Other
- $34K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Robert Parahus $5.8M
- Base salary
- $1.00M
- Stock awards
- $1.80M
- Option awards
- $2.91M
- Pension change
- $30K
- Other
- $35K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The businesses
How Toll Brothers, Inc. divides the work
3 divisions report into the group CEO. Tile size scales with estimated headcount.
Homebuilding Operations
4K employees
President & COO (Robert Parahus)
Oversees land acquisition, construction, and delivery of luxury homes across U.S. markets.
Finance
300 employees
CFO (Gregg L. Ziegler)
Manages financial reporting, capital allocation, treasury, and investor relations.
Corporate Functions
600 employees
CEO (Karl K. Mistry)
Includes legal, HR, IT, and corporate governance functions.
The thesis
Why this org is unusual
Founder-led CEO succession keeps Toll Brothers unusually centralized for a national homebuilder.
The new CEO, Karl Mistry, oversees finance, operations, legal, HR, and IT directly, while the former long‑time CEO remains Executive Chairman with an ongoing management role. The structure emphasizes operational continuity and internal promotion rather than divisional autonomy.
- CEO promoted internally after 20+ year tenure
- Former CEO remains Executive Chairman
The comparison
How Toll Brothers, Inc. stacks up
Compared with peers like Lennar and D.R. Horton, Toll Brothers maintains a tighter functional structure with fewer semi‑autonomous regional CEOs. This reflects its focus on luxury positioning and consistent operating discipline rather than rapid volume expansion.
C-suite size
Reporting depth
Avg C-suite tenure
Has COO / Has CAIO
Toll Brothers, Inc. ✓ COO — no CAIO
D.R. Horton ✓ COO — no CAIO
Current signals
What changed recently
CEO succession in 2026 elevated Karl Mistry while retaining Douglas Yearley as Executive Chairman.
- promoted
- reorgDouglas C. Yearley, Jr. Executive Chairman
Transitioned from CEO to Executive Chairman on March 30, 2026.
Source - Date not confirmed new
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-01-29
- CEO
- Douglas C. Yearley, Jr.
- CEO span
- 3
- C-suite
- 3
- Avg tenure
- 10.5 yr
Long‑tenured founder CEO prior to planned succession.
Named executive officers (3)
- Douglas C. Yearley, Jr. - President and CEO since 2010
- Martin P. Connor - Chief Financial Officer since 2004
- Robert Parahus - President and COO since 2017
FY2024
DEF 14A filed 2025-01-30
- CEO
- Douglas C. Yearley, Jr.
- CEO span
- 3
- C-suite
- 3
- Avg tenure
- 9.8 yr
Stable executive team with no major changes.
Named executive officers (3)
- Douglas C. Yearley, Jr. - President and CEO since 2010
- Martin P. Connor - Chief Financial Officer since 2004
- Robert Parahus - President and COO since 2017
FY2023
DEF 14A filed 2024-01-31
- CEO
- Douglas C. Yearley, Jr.
- CEO span
- 3
- C-suite
- 3
- Avg tenure
- 9.2 yr
Consistent leadership through housing cycle.
Named executive officers (3)
- Douglas C. Yearley, Jr. - President and CEO since 2010
- Martin P. Connor - Chief Financial Officer since 2004
- Robert Parahus - President and COO since 2017
Year-over-year changes
No material leadership changes year over year.
- CEO span: 3 → 3
- C-suite size: 3 → 3
- Avg tenure: 9.8 → 10.5 yr
Planned CEO succession expanded the CEO’s span and refreshed the executive team.
- CEO span: 3 → 6
- C-suite size: 3 → 6
- Avg tenure: 10.5 → 3.3 yr
- promoted Karl K. Mistry - Chief Executive Officer (was Executive Vice President) (8-K filed 2026-01-07)
Frequently Asked Questions
Who is the CEO of Toll Brothers?
Karl K. Mistry became CEO on March 30, 2026 following a long internal career.
What type of organizational structure does Toll Brothers use?
Toll Brothers operates a largely functional structure with centralized executive control.
How many direct reports does Toll Brothers's CEO have?
The CEO has six direct executive reports.
How has Toll Brothers's leadership changed recently?
In 2026, Karl Mistry was promoted to CEO and Douglas Yearley became Executive Chairman.
Is Toll Brothers known for internal promotions?
Yes. The CEO and most senior leaders, including the COO, were promoted internally.
Sources
- 8-K Filing, Jan 2026
- 8-K Filing, Mar 2026
- Proxy Statement, Jan 2026
- SEC EDGAR: Toll Brothers, Inc. DEF 14A Proxy Statement
- SEC EDGAR: Toll Brothers, Inc. 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). Toll Brothers, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/toll-brothers/MLA 9th
"Toll Brothers, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/toll-brothers/. Accessed .Chicago 17
Creately. "Toll Brothers, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/toll-brothers/.Original SEC source View on SEC ↗
Toll Brothers, Inc.. DEF 14A. Filed 2026-01-29. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/794170/000079417026000037/tol-20260127.htmPermanent URL: https://creately.com/org-chart/fortune-500/toll-brothers/ · last updated 2026-04-01