The Toro Company, Bloomington, Minn., announced the election of Eric Hansotia and Jill Pemberton to its board of directors. Both were elected as new directors during the company’s 2022 Annual Meeting of Shareholders.
“We are very pleased to welcome Eric and Jill to the Board as we continue to advance our strategic vision and corporate governance principles for the long-term benefit of our shareholders,” said Richard Olson, chairman and CEO. “Eric brings a strong strategic perspective and extensive executive leadership experience in areas critical to our success. We will also benefit greatly from Jill’s extensive financial leadership experience, strong brand experience, sourcing and supply chain oversight, and knowledge of enterprise risk management including cybersecurity. Both will help us to further strengthen our position in the markets we serve, accelerate innovation and foster an increasingly inclusive approach to how we do business.”
Hansotia, 53, is chairman, president and CEO of AGCO Corporation. Previously, he was senior vice president and chief operating officer. Prior to joining AGCO in 2013, he had a successful career at Deere & Company where he held several leadership roles throughout his 20-year tenure. Hansotia graduated from the University of Wisconsin-Madison with a Bachelor of Science in Mechanical Engineering and a Master of Science in Mechanical Engineering, and he also earned an MBA from the University of Iowa.
Pemberton, 51, currently serves as chief financial officer, North America, of LVMH Moët Hennessy Louis Vuitton. Before joining LVMH in 2020, Pemberton was senior vice president at Viacom and she also spent several years at Johnson & Johnson where she served in various leadership roles. Pemberton graduated from Yale University with a Bachelor of Arts in Economics and earned an MBA from Harvard Business School.With sales of $4 billion in fiscal 2021, The Toro Company is in over 125 countries with brands Toro, Ditch Witch, Exmark, Spartan Mowers, BOSS Snowplow, Ventrac, American Augers, Trencor, Pope, Subsite Electronics, HammerHead, Radius HDD, Perrot, Hayter, Unique Lighting Systems, Irritrol, and Lawn-Boy.