Eaton (NYSE: ETN) has announced the appointment of David Foster as its new Executive Vice President and Chief Financial Officer, effective March 2, 2026. Foster, who is re-joining Eaton after a 29-year career with the organization, brings with him a deep understanding of the company's operations, customers, and markets. His return comes at a critical time of unprecedented demand and growth for the company.
Before retiring from Eaton in 2022, Foster held roles of increasing responsibility across the company's finance organization, with experience in FP&A, controllership, corporate development and treasury, and mergers, acquisitions, and divestitures. In his last role with Eaton, he served as Senior Vice President, Finance and Planning, Industrial Sector.
Eaton's CEO, Paulo Ruiz, expressed his confidence in Foster's abilities, citing his proven experience in finance excellence, portfolio management, and organizational capability building at scale. Foster's appointment comes as part of a planned transition, as he succeeds Olivier Leonetti, who will be leaving Eaton on March 13, 2026.
Eaton, an intelligent power management company, reported revenues of $27.4 billion in 2025, serving customers in 180 countries across various markets including data center, utility, industrial, commercial and institutional, machine building, residential, aerospace, and mobility. The company is committed to operating sustainably and helping its customers manage power today and well into the future.
As Foster takes on this new role, Eaton continues its journey to become the world's premier power management company, capitalizing on global growth trends in electrification and digitalization to address the world's most urgent power management challenges and build a more sustainable society for current and future generations. Today the company's shares have moved 3.09% to a price of $343.75. If you want to know more, read the company's complete 8-K report here.
