Stephen P. Wolfe

STEPHEN P. WOLFE is Chief Financial Officer, Vice President, Finance
and Treasurer of The Toro Company. He joined The Toro Company in 1986
when it acquired Wheel Horse Products, Inc., a South Bend, Indiana,
manufacturer of lawn and garden tractors. He started with Wheel Horse in
1984 and was Vice President, Finance and Treasurer of that firm. After
the acquisition, Mr. Wolfe became Director of Operations and
Administration for Toro/Wheel Horse until 1990. Mr. Wolfe’s extensive
career with Toro includes working in several of the company’s key
financial areas. In 1990 Mr. Wolfe moved to Toro headquarters in
Bloomington, Minnesota, and assumed responsibility for all of Toro’s
credit operations when he was named President of Toro Credit Company
(TCC), a subsidiary providing floor plan and inventory financing to Toro
distributors and large volume dealers. He was named Vice President in
1994. In 1996, Mr. Wolfe became Vice President and Treasurer, The Toro
Company, and President of TCC, adding responsibility for the Toro
treasury function and investor relations. He was named Vice President,
Finance, Treasurer and Chief Financial Officer of The Toro Company in
May 1997. Mr. Wolfe received his Bachelors degree in Mathematics from
Adrian College, in Adrian, Michigan.