Eaton Names David Foster SVP, Corporate Development and Treasury
Diversified industrial manufacturer Eaton has named David Foster as senior vice president (SVP), corporate development and treasury. In this role, Foster will be responsible for corporate development activities, including mergers and acquisitions (M&As) and strategic planning, and treasury activities, including capital market and foreign exchange (FX) transactions, insurance, and cash management. He will report to Richard Fearon, Eaton vice chairman and chief financial officer (CFO) and chief planning officer.
Foster succeeds Kurt McMaken, who has been named vice president, finance and planning, electrical sector for the Europe, Middle East and Africa (EMEA) region, reporting to Frank Campbell, president, electrical sector, Europe.
Foster joined Eaton in 1993 as a general ledger accountant. He held the positions of finance director and controller in the automotive group and was named vice president, finance, Asia-Pacific region in 2008. Prior to joining Eaton, he worked for Hydro Aluminum Bohn and Franklin Financial.
He holds a bachelor’s degree in accounting from the University of Michigan and a master’s degree in management from Kettering University in Michigan. Foster will be based at Eaton’s world headquarters in Cleveland, Ohio.