John A. McLean Elected to Toll Brothers' Board of Directors
March 08 2016 - 05:00PM
Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation's
leading builder of luxury homes, today announced the election of
John A. McLean to its Board of Directors. Since January 2013, Mr.
McLean has been the Chief Executive Officer and Distribution
Principal for Hartford Funds Distributors, a subsidiary of Hartford
Funds which is a leading provider of mutual funds and 529 college
savings plans with mutual fund assets under management of over $70
billion. He is responsible for retail sales, institutional sales,
and strategic relationship management. Mr. McLean also serves on
the Board of Trustees of Gateway to Leadership, a non-profit
organization focused on building work place diversity by creating
opportunities for underrepresented groups across the financial
services industry.
Previously, Mr. McLean served as Head of U.S. Retail and
Offshore Sales at Eaton Vance Investment Managers, from April 2009
to May 2012 and, before that, held positions of increasing
responsibility at MFS Fund Distributors during his 16 years with
the firm.
Mr. McLean received a Bachelor of Arts degree in Political
Science from Boston College.
Douglas C. Yearley, Toll Brothers' president and chief executive
officer, stated: "We are very excited to welcome Jac McLean to the
Toll Brothers Board of Directors. His proven leadership abilities
and unique marketing expertise will add significant value to Toll
Brothers' knowledge as we continue to build our brand and
capitalize on great opportunities in our sector."
Robert I. Toll, executive chairman, stated: "We are very pleased
that Jac McLean will be joining the Toll Brothers Board of
Directors. He brings a tremendous background in building and
leading high performance sales and marketing organizations with
specific focus on the financial sector. We look forward to
benefiting from Jac's contributions and insights."
Toll Brothers, Inc., A FORTUNE 1000 Company, is the nation's
leading builder of luxury homes. The Company began business in 1967
and became a public company in 1986. Its common stock is listed on
the New York Stock Exchange under the symbol "TOL." The Company
serves move-up, empty-nester, active-adult, and second-home buyers
and operates in 19 states: Arizona, California, Colorado,
Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts,
Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina,
Pennsylvania, Texas, Virginia, and Washington, as well as in the
District of Columbia.
Toll Brothers builds an array of luxury residential
single-family detached, attached home, master planned resort-style
golf, and urban low-, mid-, and high-rise communities, principally
on land it develops and improves. The Company operates its own
architectural, engineering, mortgage, title, land development and
land sale, golf course development and management, home security,
and landscape subsidiaries. The Company also operates its own
lumber distribution, house component assembly, and manufacturing
operations. The Company purchases distressed loan and real estate
asset portfolios through its wholly owned subsidiary, Gibraltar
Capital and Asset Management. The Company acquires and develops
commercial and apartment properties through Toll Brothers Apartment
Living, Toll Brothers Campus Living, and the affiliated Toll
Brothers Realty Trust, and develops urban low-, mid-, and high-rise
for-sale condominiums through Toll Brothers City Living.
In 2016, Toll Brothers ranked #6 among all 1,500 companies in
Fortune magazine's survey of the World's Most Admired Companies in
the Quality of Products/Services Offered category behind only
Apple, Walt Disney, Amazon, Alphabet, and Nordstrom. The firm was
also named as the Most Admired Home Building Company for 2016, the
second year in a row it has been so honored. Toll Brothers was
named 2014 Builder of the Year by Builder magazine, and is honored
to have been awarded Builder of the Year in 2012 by Professional
Builder magazine, making it the first two-time recipient. Toll
Brothers proudly supports the communities in which it builds; among
other philanthropic pursuits, the Company sponsors the Toll
Brothers Metropolitan Opera International Radio Network, bringing
opera to neighborhoods throughout the world. For more information,
visit www.tollbrothers.com.
Toll Brothers discloses information about its business and
financial performance and other matters, and provides links to its
securities filings, notices of investor events, and earnings and
other news releases, on the Investor Relations section of its
website (tollbrothers.com/investorrelations).
CONTACT: Frederick N. Cooper (215) 938-8312
fcooper@tollbrothersinc.com
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