Owens Corning Announces Chief Financial Officer Transition
24 Agosto 2023 - 5:45PM
Business Wire
Owens Corning (NYSE: OC) today announced that Chief Financial
Officer Ken Parks will be stepping down from his role effective
September 15 to pursue another professional opportunity.
Todd Fister, who has served as President of the company’s global
Insulation business since 2019, will succeed Mr. Parks as CFO,
effective September 15.
“I want to thank Ken for his contributions to our company over
the past three years,” said Chair and Chief Executive Officer Brian
Chambers. “Under Ken’s leadership, we have strengthened the
capability of our global finance team and consistently delivered
our financial targets as we bring our enterprise strategy to
life.”
“I’ve worked closely with Todd over the past several years and
am excited to welcome him to the CFO role.” Mr. Chambers added,
“Todd brings a broad set of financial, operational, and strategic
experiences and capabilities to the new role, along with invaluable
customer perspective, that will be critical as we continue to
accelerate our growth and expand the earnings power of our
company.”
Mr. Fister is a proven business leader bringing 27 years of
global experience at Fortune 500 companies spanning the building
materials, consumer products, and packaging industries. Since 2019,
Mr. Fister has served as president of the $3.7 billion Insulation
segment, leading a global team of approximately 8,000 employees,
and as a member of the company’s Executive Committee. Under his
leadership, the business has grown revenue by 30 percent and more
than doubled EBIT. Mr. Fister was also instrumental in developing
the company’s enterprise strategy launched in 2021.
Before his appointment as Insulation president, he served as
both Vice President of Global Insulation and Strategy, and Managing
Director, Global Foamglas and Europe Insulation, based in Belgium.
He also led over $1.5 billion in M&A activity from evaluation
to negotiation and integration.
Prior to joining Owens Corning in 2014, Mr. Fister spent seven
years at MeadWestvaco, now WestRock, in roles of increasing
responsibility across finance, corporate development, and strategy.
He also worked at Kimberly-Clark, and began his career in finance
at Procter & Gamble.
Details on Mr. Fister’s successor as Insulation president will
be forthcoming soon.
About Owens Corning
Owens Corning is a global building and construction materials
leader committed to building a sustainable future through material
innovation. Our three integrated businesses – Composites,
Insulation, and Roofing – provide durable, sustainable,
energy-efficient solutions that leverage our unique material
science, manufacturing, and market knowledge to help our customers
win and grow. We are global in scope, human in scale with
approximately 19,000 employees in 31 countries dedicated to
generating value for our customers and shareholders and making a
difference in the communities where we work and live. Founded in
1938 and based in Toledo, Ohio, USA, Owens Corning posted 2022
sales of $9.8 billion. For more information, visit
www.owenscorning.com.
Owens Corning Company News / Owens Corning Investor Relations
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