The Toro Company and The Hoffman Family Foundation Announce Gift to the University of St. Thomas in Honor of Kendrick B. Melrose
Retrieved on:
Friday, July 31, 2020
Melrose, who preceded Hoffman as TTCs chairman and CEO, successfully led the company for nearly 25 years until retiring in 2006.
Key Points:
- Melrose, who preceded Hoffman as TTCs chairman and CEO, successfully led the company for nearly 25 years until retiring in 2006.
- This gift will establish the Melrose & The Toro Company Center for Principled Leadership at the Opus College of Business and includes a $2 million donation by The Toro Foundation, along with a $1 million donation from the Hoffmans.
- This cause was important to Melrose, who championed the concept through Leading by Serving, LLC, an organization he founded in 2006.
- Ken Melrose was an extraordinary person and a very important figure in our companys history, said Richard Olson, current chairman and CEO of The Toro Company.