Toll brother resigns from post

Bruce E. Toll, one of the original founders of the eponymously named national home building company, is retiring from the company’s board of directors.

Bruce Toll had served as vice chairman of the board and will depart from that position on March 8, which is the date of the company’s annual meeting.

Toll was 23-years-old when he and his brother, Robert I. Toll, started Toll Brothers Inc. (NYSE: TOL) in 1967. The company went public in 1986.

Bruce Toll left his day-to-day duties at the Horsham, Pa., home builder to pursue other opportunities and eventually started BET Investments. That real estate company has grown to own more than six million square feet of retail and office space as well as more than 4,000 apartment units.

Bob Toll remains executive chairman at Toll Brothers.

Source: Philadelphia Business Journal