Eaton announced that David Foster has been named executive vice president and chief financial officer, effective March 2, 2026. He succeeds Olivier Leonetti who will be leaving Eaton on March 13, 2026, as part of a planned transition. Foster re-joins Eaton after a 29-year career with the organization.
Before retiring from Eaton in 2022, Foster held roles of increasing responsibility across the company?s finance organization, providing critical business and finance partnerships in assignments across Asia Pacific and the United States. He held roles within FP&A, Controllership, Corporate Development and Treasury, and Mergers, Acquisitions and Divestitures. In his last role with Eaton, he was senior vice president, Finance and Planning, Industrial Sector.
Foster holds a bachelor?s degree from the University of Michigan and a master?s degree in Manufacturing Management from Kettering University. Mr. Foster, 54, served in various roles of increasing responsibility across the Company?s finance organization from 1993 through his retirement in 2022, including as Senior Vice President, Finance and Planning for the Company?s Industrial Sector (?SVP, Finance and Planning?) from September 2017 through April 2022 and in other leadership roles within Financial Planning & Analysis, Controllership, Corporate Development and Treasury, and Mergers, Acquisitions and Divestitures. Following his retirement, Mr. Foster returned to the Company to again serve as SVP, Finance and Planning from January 2024 through April 2024.
From July 2025 to date, he served as President of David B Foster LLC, a consulting company. In this role, he has provided consulting and advisory services to the Company on various projects related to business performance, financial due diligence, and the proposed spin-off of the Company?s Mobility segment, for which he was or will be paid an approximate amount of $233,600 by the Company from January 1, 2025 through the Effective Date.
