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Stock impact report

How luxury homebuilding giant Toll Brothers took the drama out of CEO succession [Yahoo! Finance]

Toll Brothers, Inc. (TOL) 
Last toll brothers, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: tollbrothers.com/investor-relations
Company Research Source: Yahoo! Finance
It highlights a succession model at the Fortune 500 stalwart that's built around continuity and internal development rather than episodic change. Mistry joined the company in 2004 as an assistant project manager through its executive training program and advanced steadily through operational roles. His appointment makes him only the third CEO in the company's nearly 60-year history, reflecting a deliberate preference for leaders shaped within the organization rather than recruited from outside. At Toll Brothers, leadership development functions less as a human resources initiative than as an organizational risk management strategy. By progressing through the business from the project level upward, Mistry developed a working understanding of the company's operations, culture, and decision-making norms that could take an external hire years to absorb—if at all. The fact that Mistry is only the third CEO also underscores the company's unusually long leadership cycles. Founder Rober Show less Read more
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