Real Estate

Toll Brothers CFO Rassman Passes Away

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Toll Brothers
CNBC.com

Luxury homebuilder Toll Brothers announced Tuesday its longtime chief financial officer, Joel Rassman, has passed away.

Rassman started with the company in 1984, according to a company release.

"As we announced in December of 2008, he [Rassman] faced serious illness," chairman of the board Robert Toll said. "We are heartbroken that Joel has left us."