Owens Corning Announces Chief Financial Officer Transition
Ken Parks, Owens Corning Chief Financial Officer, will be stepping down from his role on September 15 to pursue another professional opportunity. He will be succeeded by Todd Fister, who has served as President of the company’s global Insulation business since 2019.
“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.”
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. 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.
Nicolas Del Monaco has been appointed President of the company’s global Insulation business. He joined Owens Corning in 2000 and currently serves as senior vice president and managing director of the company’s European operations, spanning both the Insulation and Composites businesses.
