On December 19, 2025, Michael J. Grubb, Senior Vice President and Chief Accounting Officer, notified Toll Brothers, Inc. (the ?Company?) of his intention to retire as the Company?s principal accounting officer on February 2, 2026. Mr. Grubb, 61, has worked for the Company for the past 22 years and was appointed to the Chief Accounting Officer role in January 2018. The company intended to appoint Ms. Erica J. Mainardi, 44, to the role of Senior Vice President and Chief Accounting Officer (principal accounting officer) effective February 2, 2026.
Ms. Mainardi joined the Company as Director, FP&A in June 2020 and was promoted to Vice President in September 2021, assuming Corporate Accounting oversight. Prior to joining the Company, Ms. Mainardi served as Global Business Controller & Accounting Policy Leader at DuPont de Nemours, Inc., Senior Director, Technical Accounting & Financial Reporting at BrightView Holdings, Inc. and was an Audit Senior Manager at Ernst & Young LLP. Ms. Mainardi is a Certified Public Accountant and holds a B.S. in Accounting from Saint Joseph?s University.
Toll Brothers, Inc. is a builder of luxury homes. The Company designs, builds, markets, sells, and arranges financing for an array of luxury residential single-family detached homes, attached homes, master-planned, and urban low, mid, and high-rise communities. It caters to luxury first-time, move-up, empty-nester (move-down), active-adult and second-home buyers in the United States, as well as urban and suburban renters under the brand names Toll Brothers Apartment Living and Toll Brothers Campus Living. The Company also develops master-planned and golf course communities as well as operates, in certain regions, its own lumber distribution, house component assembly and manufacturing operations. It operates its own architectural, engineering, mortgage, title, land development, insurance, smart home technology and landscaping subsidiaries. The Company has 1,041 communities in various stages of planning, development or operations containing approximately 74,700 home sites.
