Eaton Corporation plc
Eaton Appoints David Foster as New Chief Financial Officer
Summary
Eaton Corporation plc announced on March 2, 2026, the appointment of David B. Foster as its new Executive Vice President and Chief Financial Officer, effective immediately. Foster, who rejoins the company after a 29-year career and a period of consultancy, will receive an annual base salary of $815,000, a target short-term incentive opportunity equal to 100% of his base salary, and various equity grants. The previous CFO, Olivier Leonetti, will leave the company on March 13, 2026, after serving in a senior advisory capacity until then.
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About Eaton Corporation plc
Eaton Corporation plc is a multinational power management company that specializes in providing energy-efficient solutions for a wide range of electrical, hydraulic, and mechanical applications. The company's primary purpose is to improve the quality, reliability, and safety of electrical, hydraulic, and mechanical power, addressing challenges related to efficient energy use and environmental impact. Eaton serves diverse sectors including aerospace, automotive, buildings, utilities, and machinery, with products ranging from circuit protection and lighting solutions to hydraulic motors and filtration systems. Eaton's influence in the market is significant owing to its commitment to innovation and sustainability, which allows industries across the board to optimize power usage and reduce energy costs. Headquartered in Dublin, Ireland, with significant operations in the United States, Eaton leverages a global network to serve customers across more than 175 countries. As industries continue to evolve towards more sustainable practices, Eaton plays a vital role in supporting the transition by providing advanced power management technologies that cater to both commercial and residential needs.
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