New Leadership Appointment Enhances Focus on Talent Development, Employee Engagement and Strategic Organizational Design

Rhea-AI Summary

The Toro Company has appointed Margeaux M. King as Vice President of Human Resources, effective August 1, 2022. She replaces Amy E. Dahl, who will remain as vice president, general counsel, and corporate secretary. King brings over 15 years of experience from Ecolab, where she held various roles, ultimately leading global total rewards and talent. Her expertise includes organizational growth, employee engagement, and diversity initiatives. Toro reported $4.0 billion in sales in fiscal 2021, emphasizing its strong market presence.

Positive

• Appointment of Margeaux M. King as VP of Human Resources expected to enhance organizational growth strategies.
• King's extensive experience in HR and talent management could improve employee engagement and corporate culture.
• Toro's sales of $4.0 billion in fiscal 2021 indicate strong market performance.

Negative

• None.

Margeaux M. King Joins The Toro Company as Vice President, Human Resources

BLOOMINGTON, Minn.--(BUSINESS WIRE)-- The Toro Company (NYSE: TTC) today announced that Margeaux M. King has joined the company as its top human resources officer, effective August 1, 2022. King succeeds Amy E. Dahl, who continues to serve as vice president, general counsel and corporate secretary.

Margeaux King Joins The Toro Company as Vice President, Human Resources (Photo: Business Wire)

“I am very pleased to welcome Margeaux to the company and our enterprise leadership team,” said Richard M. Olson, chairman and chief executive officer. “She is an exceptional human resources professional who brings a wealth of experience creating and implementing organizational growth and alignment strategies. Her knowledge of enterprise design and talent development will enable TTC to build upon the successful foundation already in place.”

“I would also like to thank Amy for her outstanding leadership of the human resources team since 2015. During her tenure the organization experienced significant growth and the function implemented several key strategic initiatives and platforms that drove employee engagement, fostered inclusion and diversity and further strengthened TTC’s culture. As a result, we are well positioned for the future and growing our competitive edge in our markets.”

King joins TTC from Ecolab (NYSE: ECL), where she held roles of increasing responsibility during her 15 year tenure with the organization, serving most recently as senior vice president of human resources, global total rewards and talent. With responsibility for leading compensation, benefits and enterprise-wide talent management and acquisition strategies, she played an integral role in Ecolab’s successful growth strategy, managing several key aspects of their global human resources function. King led various aspects of change management by developing tools and supporting process implementation to gain structural alignment across the enterprise. Additionally, she helped advance overall employee engagement and championed diversity, equity and inclusion initiatives.

King currently serves as a board member and officer for Think Small, an organization dedicated to advancing quality care and education for Minnesota children. She holds a Bachelor of Science in human resource development from the University of Minnesota, and a Master of Arts in management and an Masters of Business Administration in organizational change from the College of St. Scholastica in Duluth, Minnesota. She also completed the Modern CHRO Executive Program from Cornell University in Ithaca, New York.

About The Toro Company

The Toro Company (NYSE: TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With sales of $4.0 billion in fiscal 2021, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, Spartan Mowers, BOSS Snowplow, Ventrac, American Augers, Trencor, Pope, Subsite Electronics, HammerHead, Radius HDD, Perrot, Hayter, Unique Lighting Systems, Irritrol, and Lawn-Boy. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220804005632/en/

Investor Relations

Julie Kerekes

Treasurer and Senior Managing Director, Global Tax and Investor Relations

(952) 887-8846, julie.kerekes@toro.com

Media Relations

Branden Happel

Senior Manager, Public Relations

The Toro Company

(952) 887-8930, branden.happel@toro.com

Source: The Toro Company

FAQ

What is the significance of Margeaux King's appointment at Toro?

Margeaux King’s appointment is expected to enhance organizational growth and improve employee engagement strategies at Toro.

When did Margeaux King join The Toro Company?

Margeaux King joined The Toro Company as Vice President of Human Resources on August 1, 2022.

Who did Margeaux King succeed at Toro?

Margeaux King succeeded Amy E. Dahl, who continues as vice president, general counsel, and corporate secretary.

How much did The Toro Company earn in sales for fiscal 2021?

The Toro Company reported $4.0 billion in sales for fiscal 2021.

What previous experience does Margeaux King have?

Before joining Toro, Margeaux King spent 15 years at Ecolab, serving in various HR roles including senior vice president of global total rewards and talent.