Textron appoints Lisa Atherton as President and CEO effective Jan 4, 2026; Scott Donnelly becomes Executive Chairman

TEXTRON INC

Lisa Atherton, current Bell segment CEO, promoted to Textron President and CEO and joins Board effective Jan 4, 2026.
Scott Donnelly becomes Executive Chairman, with base salary $1.485M and target annual incentive of 170% of base salary.
Atherton's new compensation: base salary $1.3M, target annual incentive 150% of base, and 2026 LTI target value of $10M.
Board amended by-laws to accommodate an Executive Chairman role distinct from the CEO.
Atherton has been with Textron since 2007, led Bell since April 2023, and serves on Southwest Airlines board.

item 5.02 item 5.03 item 9.01

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TEXTRON INC: Amendment to by-laws to accommodate Executive Chairman role distinct from CEO (effective 2025-10-22).

Change: bylaw amendment
Effective: 2025-10-22

Exact text from the filing

On October 22, 2025, the Board approved an amendment to the Company’s amended and restated by-laws (the “Amendment”) of the Company, to be effective immediately.

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Source: SEC EDGAR

accession 0001104659-25-101558

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