Fort Washington-based Toll Brothers has promoted its current Executive Vice President and Co-Chief Operating Officer to the position of President and Chief Operating Officer effective November 1.

Robert Parahus, who has been with the company since 1986, will oversee Toll Brothers’ homebuilding operations throughout the country in his new role.

The nation’s leading builder of luxury homes’ current Executive Vice President and Co-Chief Operating Officer James W. Boyd will retire at the end of December after three decades with the company.

“I want to thank Rob and Jim for their incredible contributions as Co-COOs of Toll Brothers, and to extend my heartfelt congratulations to both of them, to Rob on his promotion to President and COO, and to Jim on his upcoming retirement,” said Douglas C. Yearley, Jr., Chairman and Chief Executive Officer of Toll Brothers.

The Fortune 500 company has also promoted Karl Mistry and Seth J. Ring to the roles of Executive Vice President. They will be jointly managing the homebuilding operations and report directly to Parahus.

Mistry will be responsible for Toll Brothers’ operations in the East, while Ring will be responsible for the ones in the West.

Read more about Robert Parahus at Toll Brothers. Image via Globenewswire.

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