The Toro Company Names Jason P. Baab Vice President, Strategy, Corporate Development and Sustainability

Rhea-AI Summary

TTC: The Toro Company names Jason Baab Vice President, Strategy, Corporate Development and Sustainability. Baab brings extensive experience in fostering growth and innovation. His global strategy and business development expertise will enhance focus on key enablers for organic growth and future acquisitions, delivering value for customers and shareholders.

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• Jason Baab's extensive experience in fostering growth and innovation across multiple brands and industries will enhance TTC's focus on key enablers for organic growth and future acquisitions, delivering meaningful value for customers and shareholders.

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• None.

BLOOMINGTON, Minn.--(BUSINESS WIRE)-- The Toro Company (NYSE: TTC), a leading global provider of solutions for the outdoor environment, today announced that Jason P. Baab will join the company as vice president of strategy, corporate development and sustainability, effective July 31, 2023. Baab succeeds Blake Grams, who retired in April 2023 after 25 years with the company.

The Toro Company names Jason Baab Vice President, Strategy, Corporate Development and Sustainability (Photo: Business Wire)

“Jason brings a strong leadership background and extensive experience fostering growth and innovation across multiple brands and industries,” said Richard M. Olson, chairman and chief executive officer. “I am very excited to welcome him to The Toro Company and our enterprise leadership team. Jason’s global strategy and business development expertise will enhance our focus on key enablers in support of organic growth and future acquisitions, positioning us well to deliver meaningful value for our customers and shareholders.”

Baab comes to TTC from Oshkosh Corporation (NYSE: OSK), a global manufacturer of specialty vehicles and equipment, where he most recently served as senior vice president of corporate development, strategy and venture capital. At Oshkosh Corporation, he was a member of the leadership team and was actively involved in capital allocation and growth initiatives at the enterprise level. He also played a key role in establishing the company’s first venture capital fund focused on sustainable technology investments in the electrification, autonomy/active safety and intelligent products sectors.

Prior to joining Oshkosh Corporation, Baab served as vice president of corporate development at Fortune Brands Home & Security, a premier manufacturer of home build product brands, where he led mergers and acquisitions, business development and evaluated investments for future growth.

Baab holds a Bachelor of Science in Financial Management from Bob Jones University in Greenville, S.C., and earned an MBA in International Business from the University of South Carolina in Columbia.

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 net sales of $4.5 billion in fiscal 2022, 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/20230727928814/en/

Investor Relations

Jeremy Steffan

Director, Investor Relations

(952) 887-7962, jeremy.steffan@toro.com

Media Relations

Branden Happel

Senior Manager, Public Relations

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

Source: The Toro Company

FAQ

What is the announcement from The Toro Company (TTC)?

The announcement is about the appointment of Jason P. Baab as the vice president of strategy, corporate development, and sustainability.

Where did Jason Baab work before joining TTC?

Jason Baab comes to TTC from Oshkosh Corporation, where he most recently served as senior vice president of corporate development, strategy, and venture capital.

What is Jason Baab's educational background?

Jason Baab holds a Bachelor of Science in Financial Management from Bob Jones University and earned an MBA in International Business from the University of South Carolina.