The Real Deal Miami

Bob Toll steps down as CEO

May 17, 2010 05:20PM

Effective June 16, Robert Toll will be stepping down as CEO of Toll Brothers. He will remain active as executive chairman of the board of directors, the company announced today. Toll has been in his post since the company’s founding in 1967. Douglas Yearley, a company executive vice president and 20-year company veteran, will become the new CEO. Toll Brothers, a public company, is a leading national builder of luxury homes. The company serves move-up, empty-nester, active-adult and second-home homebuyers in 20 states including Florida, New Jersey and New York. “[Yearly] has run numerous home building and support divisions, spearheaded the firm’s geographic expansion and entry into the urban high-rise market, and overseen major land and builder acquisitions, distressed asset purchases and numerous other corporate and home building functions,” Toll said. “He is well-known to the investment community.” Toll Brothers’ recent projects include a 67-unit Brooklyn condo at 207 Water Street and Ocean’s Edge at Singer Island in South Florida. TRD