Monday, Toll Brothers Inc. (TOL) promoted Douglas Yearley, Jr. to the position of Executive Vice President. Yearley's new role will include increased involvement in setting corporate strategy and capital allocation and in land acquisitions. In addition, he will expand his already extensive involvement with the firm's homebuilding operations and investor relations.
Doug Yearley has been with Toll Brothers for nineteen years. He joined the Company in 1990, initially specializing in land acquisitions from financial institutions and the Resolution Trust Corp. Since 2005, he was the Regional President.
Toll Brothers, Inc. engages in designing, building, marketing, and arranging finance for single-family detached and attached homes in luxury residential communities in the United States. It also involves in building, or converting existing rental apartment buildings into high-, mid-, and low-rise luxury homes.
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