Eaton appoints Olivier Leonetti as CFO; expects strong Q4 and FY2023 results

Eaton Corp plc

CFO Thomas Okray to depart Feb 2, 2024 for personal reasons; no severance, forfeits unvested equity.
Board member Olivier Leonetti appointed EVP & CFO effective Feb 5, 2024; base salary $890k, target bonus 100%, LTI grants.
Leonetti receives replacement equity for Johnson Controls unvested awards: est. 8,375 RSUs and 34,900 stock options.
Company expects strong Q4 and full-year 2023 results; details to be provided on next earnings call.
Okray's departure mutually agreed; no disagreement over financial reporting or practices.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Olivier Leonetti

Executive Vice President and Chief Financial Officer

ETN · Eaton Corp plc

Effective: 2024-02-05
Filed: January 18, 2024, 6:59 PM ET

Olivier Leonetti will succeed Mr. Okray as Executive Vice President and Chief Financial Officer on February 5, 2024.

Departed

Olivier Leonetti

Director

ETN · Eaton Corp plc

Effective: 2024-02-02
Filed: January 18, 2024, 6:59 PM ET

Mr. Leonetti, 59, has served on Eaton’s Board of Directors since 2019 and, on January 17, 2024 tendered his resignation, effective February 2 , 2024

Departed

Thomas B. Okray

Executive Vice President and Chief Financial Officer

ETN · Eaton Corp plc

Effective: 2024-02-02
Successor: Olivier Leonetti
Filed: January 18, 2024, 6:59 PM ET

On January 11, 2024 , Eaton Corporation (the “Company”) and Thomas B. Okray, Executive Vice President and Chief Financial Officer mutually agreed that effective February 2, 2024, Mr. Okray’s employment with the Company will end.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.99

Olivier Leonetti was appointed as Executive Vice President and Chief Financial Officer at Eaton Corp plc.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Olivier Leonetti will succeed Mr. Okray as Executive Vice President and Chief Financial Officer on February 5, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.99

Olivier Leonetti resigned as Director at Eaton Corp plc.

Action: resigned
Role: Director

Exact text from the filing

Mr. Leonetti, 59, has served on Eaton’s Board of Directors since 2019 and, on January 17, 2024 tendered his resignation, effective February 2 , 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.99

Thomas B. Okray departed as Executive Vice President and Chief Financial Officer at Eaton Corp plc.

Action: mutually agreed to end employment
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On January 11, 2024 , Eaton Corporation (the “Company”) and Thomas B. Okray, Executive Vice President and Chief Financial Officer mutually agreed that effective February 2, 2024, Mr. Okray’s employment with the Company will end.

View on SEC.gov

Eaton Corp plc filing history →

Source: SEC EDGAR

accession 0001140361-24-002654

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