Toro veteran appointed president, chief operating officer
The appointment become effective Sept. 1.
Olson, 51, has been with Toro for 29 years, serving in a number of capacities. In addition to being group vice president of Toro's International and Micro-Irrigation businesses, Olson also oversaw global distributor development of the company's wholly owned domestic distributorships.
Olson will continue to report to Toro Chairman and CEO Michael Hoffman.
“The rich company knowledge and broad experience that Rick has gained through his leadership of both our businesses and manufacturing operations provide him with the unique strategic perspective that will be instrumental in helping us drive toward the achievement of our Destination PRIME goals and beyond,” Hoffman said. “In addition, his deep commitment to our mission of delivering superior product innovation and superior customer care will help enable us to sustain and grow our market leadership positions and deliver successful results for our employees, customers and shareholders long into the future.”
Olson has been with Toro since 1986. For the first 14 years of his tenure he served in roles of increasing leadership, including as a commercial engineering program manager, director of plant operations at the company's facility in Shakopee, Minnesota, and managing director of Northern Manufacturing Operations.
Since 2010, Olson has held a number of executive positions, including vice president of the Exmark division and vice president of international business. He was named group vice president of international business, micro-irrigation business and distributor development in June 2014.
Olson graduated from Iowa State University, earning a Bachelor of Science degree in industrial technology. He went on to earn a master's degree in business administration from the Carlson School of Management at the University of Minnesota.