Eaton announced that David B. Foster was appointed as Executive Vice President and Chief Financial Officer on February 26, 2026, effective March 2, 2026. Foster will serve as the Company's principal financial officer.

1. 01

   Eaton announced that David B. Foster was appointed as Executive Vice President and Chief Financial Officer on February 26, 2026, effective March 2, 2026. Foster will serve as the Company's principal financial officer.

2. 02

   The company said Foster will receive an annual base salary of $815,000 and a target short-term annual incentive opportunity equal to 100% of his base salary, prorated for the number of months worked during 2026.

3. 03

   Eaton said it will grant Foster equity awards consisting of stock options of $875,000, restricted stock units of $875,000, and performance share units at a target award level of $1,750,000, with a grant date of April 1, 2026.

4. 04

   The company said Olivier Leonetti will cease to serve as Executive Vice President and Chief Financial Officer on the Effective Date of March 2, 2026 and will remain with the Company in a senior advisory capacity until March 13. Eaton also said it paid or will pay Foster approximately $233,600 for consulting services from January 1, 2025 through the Effective Date.

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