Eaton Corporation plc appointed David B. Foster as Executive Vice President and Chief Financial Officer, effective March 2, 2026. Mr. Foster, 54, previously served in various finance roles at Eaton from 1993 through 2022, including Senior Vice President, Finance and Planning for the Industrial Sector. He returned to Eaton as SVP, Finance and Planning from January 2024 to April 2024, and most recently served as President of David B Foster LLC, a consulting company. As a consultant, Mr. Foster provided advisory services to Eaton on business performance, financial due diligence, and the proposed spin-off of the Mobility segment, for which he was paid approximately $233,600 from January 1, 2025, through the effective date of his appointment. His compensation package includes an annual base salary of $815,000, a target short-term annual incentive opportunity of 100% of base salary, and equity grants totaling $3,500,000 (Stock Options, RSUs, and PSUs). The equity grants will be made on April 1, 2026, with Stock Options and RSUs vesting over three years, and PSUs vesting after a three-year performance period ending December 31, 2028, based on total shareholder return against a peer group. Mr. Foster also entered into standard Change of Control and Indemnification Agreements. Olivier Leonetti will cease to serve as Executive Vice President and Chief Financial Officer on March 2, 2026, and will remain in a senior advisory capacity until March 13, 2026, before departing the company. Eaton reported revenues of $27.4 billion in 2025 and serves customers in 180 countries.