Eaton names David Foster CFO effective March 2, succeeding Olivier Leonetti
Eaton Corporation plc appointed David B. Foster as Executive Vice President and Chief Financial Officer, effective March 2, 2026. He succeeds Olivier Leonetti, who remains in a senior advisory role until March 13, 2026, when he departs the company. The filing discloses Foster's pay package and a $233,600 consulting fee he received from the company, which matters to shareholders as a change in the principal financial officer.
Key points
- Foster, 54, previously worked at Eaton from 1993 until retiring in 2022, last serving as SVP, Finance and Planning for the Industrial Sector.
- Base salary of $815,000, target annual incentive of 100% of salary, and equity grants of $875,000 in stock options, $875,000 in RSUs and $1,750,000 in PSUs at target, with a grant date of April 1, 2026.
- Foster received or will receive about $233,600 for consulting services to the company from January 1, 2025 through March 2, 2026, including work on the proposed Mobility segment spin-off.
- Leonetti informed the company on November 14, 2025 that he would leave on April 1, 2026; the filing says he will depart on March 13, 2026.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.