Senior Management & Board Biographies

Senior Management & Board Biographies

Doug Yearley

Douglas C. Yearley, Jr.Chairman and Chief Executive Officer

Doug Yearley joined Toll Brothers in 1990 and has held various management positions over the past 28 years. He initially specialized in land acquisitions and project management, learning the home building business from the ground up. He then helped oversee our substantial growth through new market expansion and builder acquisitions. He has been an officer since 1994, holding the position of Vice President from January 1994 until January 2002, Senior Vice President from January 2002 until November 2005, and Regional President from November 2005 until November 2009, when he managed home building operations in nine markets throughout the country, oversaw the creation of our Toll Brothers City Living brand, and managed our Marketing department. In November 2009, Doug was promoted to Executive Vice President, and then to Chief Executive Officer in June 2010, at which time he also became a member of the Board of Directors. In October 2018, Mr. Yearley was elected to succeed Bob Toll as Chairman of the Board.

Doug is Co-Chair of the Pennsylvania Chapter of American Cancer Society's "CEO's Against Cancer" and is actively involved in the Yearley Family Foundation, which supports many charities assisting underprivileged children through education.

Doug received a Bachelor of Science degree from Cornell University in Applied Economics and Business Management and a Juris Doctor degree from Rutgers Law School.

Rick Hartman

Richard T. Hartman President and Chief Operating Officer

Rick Hartman began his career with Toll Brothers, Inc. in 1980. He started as a manager in the Purchasing department and then served as Corporate Standards Administrator Project Manager, Senior Project Manager, Vice President, and Senior Vice President of the Company.

In 2005, Rick was promoted to Regional President. As Regional President, he managed homebuilding operations across multiple markets in the Company's Western, Northeast, and Mid-Atlantic regions with peak revenues of over $1 billion. Rick was instrumental in launching the Company's Active Adult product line and leading our entry into the New York City market with the introduction of our Toll Brothers City Living brand there. Rick was also responsible for the start-up of Westminster Security, our home-alarm monitoring business. Rick was promoted to Chief Operating Officer and Executive Vice President in January 2012, when he was given charge of all homebuilding operations. In January of 2013, he was promoted to the position of President and Chief Operating Officer.

Rick received a Bachelor of Science degree in Construction Management from Spring Garden College.

Martin Connor

Martin P. Connor Chief Financial Officer

Marty Connor joined Toll Brothers in 2008 and has been our Chief Financial Officer since 2010. As CFO, Marty has direct responsibility for oversight of our Accounting, Finance, Tax, Investor Relations, Internal Audit, Mortgage, and Information Technology departments. He has helped orchestrate more than $5 billion in capital markets activity for the Company, our entry into the Seattle market, and the acquisition of Shapell Homes, the largest acquisition in the Company's history.

Prior to joining Toll Brothers, Marty spent more than 20 years at Ernst & Young LLP, serving large public real estate and insurance clients as an Audit and Advisory Business Services Partner. While at Ernst & Young, Marty was responsible for the real estate practice in the Philadelphia market. After leaving Ernst & Young, Marty served as the Chief Financial Officer and Director of Operations for a $4 billion, diversified commercial real estate development Company in the Mid-Atlantic region from 2006 to 2008.

Marty has been named twice as the Best CFO in the Homebuilding & Building Products industry by Institutional Investor magazine and is a frequent university and industry speaker. He is also very active in community and civic organizations.

Marty received a Bachelor's in Business Administration from the University of Notre Dame and is a Certified Public Accountant.

Fred Cooper

Frederick N. Cooper Senior Vice President
Finance, International Development and Investor Relations

Fred Cooper joined Toll Brothers in 1993 to establish its Finance and Investor Relations departments. As the Company's in-house investment bank, the team he leads is responsible for our capital markets and investor relations activities as well as our partnering relationships with major U.S. and international institutions. Since formation, the group has raised over $15 billion from banks, the public capital markets, and institutional partners. In addition to capital raising, the group advises on complex project structuring, joint ventures, corporate mergers and acquisitions, and major property acquisitions. Fred has been financial point for our expansion into Toll Brothers City Living and Toll Brothers Apartment Living, as well as several other new start-up initiatives.

From 1989 to 1993, Fred was Director of Corporate Finance and Planning at DKM Properties Corp., the real estate arm of a Forbes 50 private company. From 1984 to 1989, he was Senior Vice President and a member of the Executive Committee of the NYC Financial Services Corporation, New York City's economic development bank. From 1980 to 1983, he worked in community-level affordable housing and economic development in the South Bronx and Brooklyn, New York.

Fred received a Bachelor of Arts degree from Brown University and a Master of Public Policy degree focused on finance and international development from Harvard University's Kennedy School of Government.

John McDonald

John K. McDonald General Counsel and Chief Compliance Officer

John K. McDonald is our General Counsel and Chief Compliance Officer. In this role, he is responsible for our Company-wide legal and compliance functions. Prior to joining Toll Brothers in 2002, John served as a litigation partner at the Philadelphia law firm of Cozen O'Connor. He started his legal career as a prosecutor in the Philadelphia District Attorney's Office.

John received a Bachelor of Arts degree from Haverford College and a Juris Doctor degree from the Georgetown University Law Center. He is a member of the Board of Directors of Living Beyond Breast Cancer and Philadelphia Youth Basketball.

Joy Roman

Joy Roman Chief Human Resources Officer

Joy Roman is our Chief Human Resources Officer. Prior to joining Toll Brothers in 2017, Joy spent 10 years at 3M where she worked in Human Resources across a variety of disciplines and geographies in both the United States and Asia. Before joining 3M, Joy was a management consultant at McKinsey & Company.

Joy holds a Master of Business Administration degree in Strategy and Marketing from the Yale School of Management and a Bachelor of Arts degree in English and Communications from the University of Wisconsin at Madison.

Mike Snyder

Michael I. Snyder Secretary and Chief Planning Officer

Mike Snyder joined Toll Brothers, Inc. in 1980 as Assistant Controller and has held numerous positions throughout his 38 years with the Company including Director of Management Information Systems, Director of Budgeting, and Senior Vice President of Corporate Planning. He has been Secretary of the Company since 1998 and supports our Board of Directors in such role. Mike oversees our Corporate and Strategic Planning functions and Conveyancing department. Prior to joining the Company, he was with the public accounting firm of Friedlander, Dunn and Company from 1978 to 1980.

Mike received his B.A. in Accounting from Temple University and is an Eagle Scout.

Kira Sterling

Kira Sterling Chief Marketing Officer

Kira Sterling joined Toll Brothers in 1985 and became our Chief Marketing Officer in 2006. She is responsible for overseeing the planning, development, and execution of our marketing and advertising initiatives, as well as the Company's media relations. She is a former board member of the Opera Company of Philadelphia and is the Executive Committee Chairperson of the "Annual Toll Brothers Gala" to benefit the American Cancer Society, which has raised over $7 million that goes directly to support research for the American Cancer Society.

Kira received a Bachelor of Arts degree from the University of Pennsylvania.

Board of Directors Biographies

Robert I. Toll, with his brother Bruce E. Toll, founded our predecessor's operations in 1967. He has been a member of our Board since our inception in May 1986. He served as Chairman of the Board and Chief Executive Officer from our inception until June 2010, when he assumed the position of Executive Chairman of the Board. In October 2018, Mr. Toll stepped down from his role as Executive Chairman and assumed the role of Special Advisor to the Company, as well as being named the honorary Chairman Emeritus of the Board.

Douglas C. Yearley, Jr. has been a member of our Board since June 2010. He joined us in 1990, specializing in land acquisitions from financial institutions. He has been an officer since 1994, holding the position of Senior Vice President from January 2002 until November 2005, and the position of Regional President from November 2005 until November 2009, when he was promoted to Executive Vice President. Since June 2010, he has been our Chief Executive Officer and in October 2018 he was elected Chairman of the Board. Prior to joining us, Mr. Yearley practiced law in New Jersey as a commercial litigator.

Edward G. Boehne has been a member of our Board since July 2000 and our Lead Independent Director since March 2011. He is the Chair of the Nominating and Corporate Governance Committee and a member of the Audit and Risk Committee. From 1981 until his retirement in May 2000, Mr. Boehne was the President of the Federal Reserve Bank of Philadelphia. Mr. Boehne is a member of the board of directors of Beneficial Bancorp, Inc. and its subsidiary, Beneficial Bank. Mr. Boehne is also a member of the board of directors of, and Senior Economic Advisor to, the Haverford Trust Company.

Richard J. Braemer has been a member of our Board since September 1986. He is the Chair of the Public Debt and Equity Securities Committee. He is senior counsel at the law firm of Ballard Spahr LLP, where he was a partner from 1994 through 2008. Mr. Braemer is a director and past Chairman of the Board of Directors of the Albert Einstein Healthcare Network, a Philadelphia-based, non-profit healthcare network.

Christine N. Garvey has been a member of our Board since September 2009. She is a member of the Audit and Risk Committee and the Public Debt and Equity Securities Committee. Ms. Garvey was the Global Head of Corporate Real Estate Services at Deutsche Bank AG from 2001 to 2004. Prior to that, she served as Vice President of Worldwide Real Estate and Workplace Resources at Cisco Systems, Inc. and as Group Executive Vice President at Bank of America. Ms. Garvey has been a member of the board of directors of HCP, Inc. since 2007. She previously served on the boards of directors of ProLogis through May 2017 and Hilton Hotels Corporation through October 2007.

Carl B. Marbach has been a member of our Board since December 1991. He is the Chair of the Executive Compensation Committee and a member of the Audit and Risk Committee and the Public Debt and Equity Securities Committee. Since January 2004, Mr. Marbach has been President of Greater Marbach Airlines, Inc., a company that provides aviation and consulting services. From January 1995 to January 2004, Mr. Marbach was President of Internetwork Publishing Corp., an electronic publisher, which he founded.

John A. McLean has been a member of our Board since March 2016. He is a member of the Nominating and Corporate Governance Committee. Mr. McLean is a Senior Managing Director of New York Life Investment Management, where he oversees U.S. distribution. Prior to joining New York Life in June 2018, Mr. McLean was the Chief Executive Officer and Distribution Principal for Hartford Funds Distributors, a subsidiary of Hartford Funds, from January 2013 to April 2018. From April 2009 to May 2012, he was the Head of U.S. Retail and Offshore Sales at Eaton Vance Investment Managers. Prior to that time, Mr. McLean held positions of increasing responsibility at MFS Fund Distributors. He serves on the Board of Trustees of Gateway to Leadership.

Stephen A. Novick has been a member of our Board since January 2003. He is a member of the Executive Compensation and the Nominating and Corporate Governance Committees. Mr. Novick serves as Senior Advisor to Chasbro Investments. Until December 2006, Mr. Novick was a consultant to Grey Global Group, a marketing communications company. From 1990 until his retirement in December 2004, Mr. Novick was Chief Creative Officer-Worldwide, and from April 2000 to December 2004 was Vice Chairman, of Grey Global Group. Mr. Novick is also a member of the board of directors of Ark Restaurant Corp. In April 2015, he was elected to the Board of Trustees of The Julliard School.

Wendell E. Pritchett has been a member of our Board since March 2018. He is Provost of the University of Pennsylvania, a position he has held since July 2017. Since 2014, he has been the Presidential Professor of Law and Education at the University of Pennsylvania. From 2014 to 2015, he served as Interim Dean of the University of Pennsylvania School of Law. A professor at the University of Pennsylvania School of Law from 2001 to 2009, Dr. Pritchett also served as Chancellor of Rutgers University-Camden from 2009 to 2014, and in 2008 he served as Deputy Chief of Staff and Director of Policy for Philadelphia Mayor Michael Nutter, who also appointed him to the School Reform Commission, where he served from 2011 to 2014. Dr. Pritchett served as Chair of the Redevelopment Authority of Philadelphia and as President of the Philadelphia Housing Development Corporation from 2008-2011. Prior to that, he spent five years as assistant professor of history at Baruch College of the City University of New York, and in 2007, he chaired the Urban Policy Task Force for then-U.S. Senator Barack Obama's presidential campaign. Dr. Pritchett is a member of the board of directors of WHYY and the Stoneleigh Foundation.

Paul E. Shapiro has been a member of our Board since December 1993. He is the Chair of the Audit and Risk Committee and a member of the Executive Compensation Committee. Since June 2004, Mr. Shapiro has been Chairman of the Board of Q Capital Holdings LLC, and he is Chairman of the Board of its two operating companies that are in the life settlement business. From January 2004 to June 2004, Mr. Shapiro was Senior Vice President of MacAndrews & Forbes Holdings, Inc., a private holding company of operating businesses. From June 2001 to December 2003, Mr. Shapiro was Executive Vice President and Chief Administrative Officer of Revlon Inc. Prior thereto, Mr. Shapiro practiced corporate and securities law as a managing shareholder of the Palm Beach County office of Greenberg Traurig LLP and was a partner in Wolf, Block, Schorr and Solis-Cohen.