HORSHAM, Pa. (AP) -- Luxury homebuilder Toll Brothers Inc. on Tuesday promoted Richard T. Hartman, giving the company's chief operating officer the additional title of president.
Hartman, 56, had previously held the title of executive vice president. He was named to that position and the COO role in January 2012. Hartman succeeded Zvi Barzilay, who retired as president and COO at the end of 2011.
Hartman joined Toll Brothers in 1980. He rose to increasingly senior positions in the company, and was named regional president in 2005.
Toll Brothers shares rose 11 cents to $34.46 in morning trading Tuesday. They are trading near the high end of their 52-week range of $21.31 to $37.08 per share.