Toro 2007 Annual Report Download - page 11

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Governance Statement
Over the years, The Toro Company has earned a reputation for maintaining high ethical
standards and business practices. Our Board of Directors and management work in concert
to build growth, profitability, and long-term shareholder appreciation by making decisions that
are consistent with a long-standing set of people and performance values integral to our
culture. Our Chairman and CEO is a member of our Board of Directors; all other Board members
are independent. Our board is divided into three classes, with the members of each class
elected to serve a three-year term and the term of each class ending in successive years.
All officers, management employees and certain other designated employees are required
to annually certify compliance with our Code of Conduct to ensure that Toro’s business is
conducted with the highest standards. For more information on our corporate governance
practices and Board committee charters, visit the Investor Information section of our
website, www.thetorocompany.com.
Board of Directors
Officers
Ronald O. Baukol (E/A/N)
Retired
3M
Saint Paul, Minnesota
Robert C. Buhrmaster (E/A/F/N)**
Retired
Jostens, Inc.
Minneapolis, Minnesota
Winslow H. Buxton (A/C/N*)
Retired
Pentair, Inc.
Golden Valley, Minnesota
Janet K. Cooper (A*/F)
Senior Vice President, Treasurer
Qwest Communications
International Inc.
Denver, Colorado
Gary L. Ellis (E/A/F*)
Senior Vice President and
Chief Financial Officer
Medtronic, Inc.
Minneapolis, Minnesota
Katherine J. Harless (C/N)
President and
Chief Executive Officer
Idearc Inc.
Dallas/Forth Worth, Texas
Michael J. Hoffman (E*/F)
Chairman and CEO
The Toro Company
Robert H. Nassau (A/C/N)
Retired
F2 Intelligence Group
Minneapolis, Minnesota
Gregg W. Steinhafel (E/C/N)
President
Target, a division of
Target Corporation
Minneapolis, Minnesota
Inge G. Thulin (E/A/F)
Executive Vice President,
International Operations
3M
Saint Paul, Minnesota
Christopher A. Twomey (E/C*/N)
Chairman of the Board,
Chief Executive Officer
and President
Arctic Cat Inc.
Thief River Falls, Minnesota
Michael J. Hoffman+
Chairman and CEO
Stacy L. Bogart
Assistant General Counsel,
Assistant Secretary and
Toro Foundation President
William E. Brown, Jr.+
Vice President, Consumer
and Landscape Contractor
Business – Toro
Philip A. Burkart+
Vice President, Irrigation Businesses
Timothy P. Dordell+
Vice President, Secretary
and General Counsel
Michael D. Drazan+
CIO and Vice President,
Corporate Services
Paula M. Graff
Assistant Treasurer
Blake M. Grams+
Managing Director,
Corporate Controller
Dennis P. Himan+
Vice President, Group
Thomas J. Larson
Treasurer
Sandra J. Meurlot+
Vice President, Operations
Karen M. Meyer+
Vice President, Administration
Peter M. Ramstad+
Vice President, Human Resources
and Business Development
Stephen P. Wolfe+
Vice President, Finance
and CFO
(A) Audit Committee Member
(C) Compensation & Human Resources
Committee Member
(E) Executive Committee Member
(F) Finance Committee Member
(N) Nominating & Governance
Committee Member
*Committee Chairman
** Presiding Non-Management Director
+Executive officers subject to Section 16