Toll Brothers Inc. announced the promotion of Richard T. Hartman to the position of President and Chief Operating Officer. Hartman, 56, was promoted to Executive Vice President and Chief Operating Officer in January 2012. Rick Hartman began his career with Toll Brothers in 1980 and rose to increasingly senior positions in the areas of operations and purchasing including as Vice-President Operations with multi-market responsibilities in 1994.

In 2002, Rick was promoted to Senior Vice President before being named Regional President in 2005. As Regional President, Rick managed home building operations across multiple markets in Toll's Western, Northeast and Mid-Atlantic regions with peak revenues of over $1 billion per year.