Toro names Edric C. Funk president and chief operating officer effective Sept. 1
Toro's board appointed Edric C. Funk, a company veteran since 1996, as president and chief operating officer effective September 1, 2025. He will take responsibility for all of the company's global businesses and integrated supply chain operations, and will continue to report to Chairman and CEO Richard M. Olson. The filing also sets his base salary at $700,000 and grants him a one-time restricted stock unit award with an approximate value of $1.5 million.
Key points
- Edric C. Funk, age 53, was appointed president and chief operating officer effective September 1, 2025, subject to his acceptance, which the company announced on August 12, 2025.
- Funk will assume responsibility for all global businesses and integrated supply chain operations and will continue to report to Richard M. Olson, chairman and chief executive officer.
- Base compensation is set at $700,000, with an annual incentive payout target of 90% of base salary for the remainder of fiscal 2025.
- A one-time restricted stock unit grant with a value of approximately $1.5 million vests in three equal installments on the first, second and third anniversaries of the grant date.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 12, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.