Owens Corning announced that Todd Fister will serve as Executive Vice President and Chief Financial and Operating Officer, effective immediately. The promotion expands Fister’s responsibilities to include both financial oversight and operational leadership, positioning him to drive the company’s growth and margin initiatives.
Fister, who has been the company’s Executive Vice President and Chief Financial Officer since 2023, brings 11 years of experience at Owens Corning and a background in finance, corporate development, and strategy. In connection with the promotion, his compensation package includes a base salary of $850,000, a target annual cash incentive equal to 100% of his base salary, an increased long‑term incentive award target of $3.5 million beginning in 2027, and a $1 million restricted stock unit grant.
The promotion follows Owens Corning’s recent sale of its glass reinforcements business to Praana Group, a move that has positioned the company as a more focused building‑products leader in North America and Europe. “Over the past few years, we have reshaped Owens Corning into a focused, branded building products leader in North America and Europe. With the sale of our glass reinforcements business, we are now positioned to operate as a more integrated company and capture the full value of our complementary product platforms,” said Chair and CEO Brian Chambers. The dual CFO/COO role is intended to accelerate operational execution and improve capital efficiency as the company continues to pursue its “OC Advantages” strategy.
Owens Corning is scheduled to report its first‑quarter 2026 financial results on May 6. Analysts are expecting earnings of $0.8850 per share and revenue of $2.1424 billion for the quarter. The promotion of Fister is part of the company’s broader effort to streamline leadership during the transition to a new CFO, which the board is actively searching for.
The appointment of Todd Fister as Chief Financial and Operating Officer signals Owens Corning’s commitment to integrating financial and operational functions to support its post‑divestiture strategy. By combining these roles, the company aims to enhance margin performance, accelerate organic growth, and strengthen its competitive position in the building‑products market.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.