Toro CFO Renee Peterson to retire in July 2023; Angela Drake named successor effective March 10

TORO CO

Renee J. Peterson, VP & CFO for 11+ years, plans to retire in July 2023; Angela C. Drake appointed VP & CFO effective March 10, 2023.
Drake's compensation package: $565,000 base salary, 65% target cash incentive, $850,000 RSU grant vesting over three years.
Drake previously served as VP Finance (2022) and VP Construction; joined Toro through the Charles Machine Works acquisition in 2019.
Peterson will remain as VP Finance through July to ensure orderly transition.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Angela C. Drake

Vice President, Chief Financial Officer

TTC · TORO CO

Effective: 2023-03-10
Filed: February 14, 2023, 6:59 PM ET

Also on February 13, 2023, the Board of Directors of TTC promoted Angela C. Drake, age 50, to Vice President, Chief Financial Officer, effective as of March 10, 2023, to succeed Ms. Peterson and serve as TTC’s principal financial officer and principal accounting officer.

Departed

Renee J. Peterson

Vice President, Chief Financial Officer

TTC · TORO CO

Effective: 2023-03-10
Successor: Angela C. Drake
Filed: February 14, 2023, 6:59 PM ET

After more than 11 years of service to The Toro Company (“TTC”), Renee J. Peterson, Vice President, Chief Financial Officer, notified TTC on February 13, 2023, of her decision to retire in July 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Angela C. Drake was appointed as Vice President, Chief Financial Officer at TORO CO.

Action: promoted
Role: Vice President, Chief Financial Officer

Exact text from the filing

Also on February 13, 2023, the Board of Directors of TTC promoted Angela C. Drake, age 50, to Vice President, Chief Financial Officer, effective as of March 10, 2023, to succeed Ms. Peterson and serve as TTC’s principal financial officer and principal accounting officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Renee J. Peterson departed as Vice President, Chief Financial Officer at TORO CO.

Action: retire
Role: Vice President, Chief Financial Officer

Exact text from the filing

After more than 11 years of service to The Toro Company (“TTC”), Renee J. Peterson, Vice President, Chief Financial Officer, notified TTC on February 13, 2023, of her decision to retire in July 2023.

View on SEC.gov

TORO CO filing history →

Source: SEC EDGAR

accession 0001140361-23-007000

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