The Toro Company announced Feb. 14 that Renee J. Peterson, vice president and chief financial officer, plans to retire in July 2023. Angela C. Drake, who currently serves as TTC’s vice president, finance will succeed Peterson as vice president and chief financial officer, effective March 10, 2023. Peterson will continue to serve the organization as vice president, finance to assist with the transition in the coming months and provide ongoing leadership for key enterprise and finance initiatives.
“Throughout her tenure, Renee’s leadership and strategic insight has helped The Toro Company achieve sustainable growth and deliver outstanding shareholder value,” said Richard M. Olson, chairman and chief executive officer. “Her vision helped shape the enterprise financial strategy, build scale and accelerate growth. Renee partnered closely with our businesses to improve reporting tools and systems, which resulted in well-informed decisions and supported disciplined capital allocation. She has provided thoughtful and strategic counsel to the leadership team and has been instrumental in helping build upon the company’s strong financial foundation. I am truly grateful for Renee’s contributions to the organization and wish her the best on her well-deserved retirement.”
Peterson joined TTC from Eaton Corporation in 2011 as vice president, finance and chief financial officer. She also served as treasurer from 2013 to 2020. At Eaton, Peterson served as vice president, finance, information technology, strategic planning and business development for the Automotive and Truck Segments. Prior to that, she spent 25 years at Honeywell International in various leadership roles ranging from senior financial positions to general management.
