About
Richard M. Olson is Chairman of the Board (since November 2017) and Chief Executive Officer (since November 2016) of The Toro Company, capping nearly 40 years with the company. He previously served as President and Chief Operating Officer and in senior roles leading Toro's international, ag-irrigation and distributor-development businesses. Under a leadership-succession plan announced in July 2026, Olson is to transition to Executive Chairman effective November 1, 2026.
Roles
Toro Co
Chairman of the Board and Chief Executive Officer · Current role
2016–present
The Toro Company
President and Chief Operating Officer
—
The Toro Company
Group Vice President, International Business, Global Ag-Irrigation Business and Distributor Development
—
External Roles
Donaldson Company, Inc.
Director
—
Fixed Compensation
FY 2025Salary
$1,239,816
ComponentAnnual base salary
Fiscal yearFY2025
All other compensation
$254,599
ComponentPerquisites, 401(k) match and other
Total compensation
$8,436,478
Performance Compensation
Data from FY 2025Cash incentive
Non-equity incentive plan compensation
$1,315,197
FormCash
Target Opportunity
—
TypeAnnual cash incentive
Corporate payout81.6% of target
Stock awards
Stock awards
$3,300,642
FormPerformance shares
BasisGrant-date fair value (ASC 718)
Performance periodFY2025-FY2027
Option awards
$2,326,224
FormStock options
BasisGrant-date fair value (ASC 718)
Also at Toro Co
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