Owens Corning Appoints New CFO; Fister Named President/COO

What Happened

• Owens Corning announced on July 29, 2026 that its Board appointed Jonathan M. Collins as Executive Vice President, Chief Financial Officer, effective August 10, 2026. Collins (age 47) joins from Clarivate and previously served as CFO at Dana Incorporated. Concurrently, Todd W. Fister (age 52) was named President and Chief Operating Officer effective the same date; Brian D. Chambers remains CEO.

Key Details

• Salary & cash incentive: Collins’ annual base salary is $775,000 and his target annual cash incentive is 100% of base (typically can range 0%–200% of target).
• Long‑term and sign‑on awards: Collins’ 2027 long‑term incentive target is $2.75 million. Initial equity awards on the Effective Date total $4.5M in targeted value: $1.5M in performance share units (0%–200% payout based on 2026–2028 metrics), $1M in RSUs cliff vesting at 30 months, and $2M in RSUs vesting 50% at 1 year and 50% at 18 months. He also receives a $500,000 sign‑on bonus repayable if he leaves within 12 months.
• Severance and benefits: Owens Corning will enter its standard Key Management Severance Agreement with Collins, generally providing cash severance equal to two times (base salary + target annual incentive) for qualifying terminations (reduced to 1x under certain conditions), up to one year of health coverage continuation, accrued benefits and up to one year of outplacement; subject to customary restrictive covenants (including one‑year non‑compete/non‑solicit).
• Leadership continuity/retention: As of the Effective Date, the Presidents of Roofing, Doors and Insulation will report to Fister. The Compensation Committee approved three‑year cliff RSU Retention Awards to support continuity, including $1.0M awards each to Nicolas Del Monaco (President, Roofing) and Rachel Marcon (President, Doors), both named executive officers.

Why It Matters

• This filing signals a planned finance leadership transition and broader operating reorganization intended to maintain leadership continuity. Compensation and equity grants to the new CFO and to key business presidents are sizable and may increase near‑term executive compensation expense and equity dilution. Investors should note the effective date (Aug 10, 2026), the material equity award levels, and the severance terms as they relate to governance, succession planning, and potential future cash or share impacts.