Owens Corning Names New CFO, Elevates COO Amid Takeover Interest
OC sits 40% above its 52-week low of $97.53.
Summary
Owens Corning appointed a new CFO and elevated its COO to President, effective August 10, 2026, while granting retention awards to key business unit leaders. The leadership changes follow recent unsolicited takeover interest from Carlisle Companies.
Key Events · Executive and Board Changes · OC
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New CFO Appointed
Effective August 10, 2026, Jonathan M. Collins steps in as EVP and CFO, bringing CFO experience from both Clarivate and Dana. His compensation includes a $775K base salary, a $500K sign-on bonus, and $4.5M in initial equity awards.
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COO Elevated to President
Todd W. Fister, currently EVP, CFO and COO, has been appointed President and COO. He will now oversee the Roofing, Doors, and Insulation business presidents, while CEO Brian Chambers relinquishes the President title.
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Retention Awards for Key Executives
To ensure leadership continuity, Nicolas Del Monaco (President, Roofing) and Rachel Marcon (President, Doors) each receive $1M in restricted stock units that vest after three years.
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Takeover Context
These leadership changes follow reports on June 29, 2026, that Carlisle Companies made unsolicited takeover offers for Owens Corning, adding strategic significance to the board's moves.
Analysis · OC · Manufacturing
Owens Corning appointed Jonathan Collins as CFO and promoted Todd Fister to President and COO, effective August 10. The moves come just one month after reports of unsolicited takeover offers from Carlisle Companies, suggesting the board is strengthening its leadership team during a period of external pressure. Collins brings CFO experience from Clarivate and Dana; his compensation package includes a $775K base salary, a $500K sign-on bonus, and $4.5M in initial equity awards. Fister, who had been CFO and COO, now takes on the President role, with the three business unit presidents reporting to him. The company also granted $1M retention awards to the heads of Roofing and Doors to ensure continuity. While the appointments themselves are routine, the timing against the backdrop of takeover interest makes this a notable governance signal.
At the time of this filing, OC was trading at $136.37 on NYSE in the Manufacturing sector, with a market capitalization of approximately $11B. The 52-week trading range was $97.53 to $159.91. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.