CFO Kenneth S. Parks resigns; Todd W. Fister appointed as CFO effective Sept 15, 2023

Owens Corning

Kenneth S. Parks resigns as EVP and CFO effective September 15, 2023 to pursue another opportunity.
Todd W. Fister, currently President Insulation, appointed as EVP and CFO effective Sept 15.
Fister's base salary set at $675,000; target cash incentive 75% of base; LTI target increased to 220% of base in 2024.
Fister receives promotional RSU award of $350,000 under 2023 Stock Plan, vesting fully after three years.
Fister joined Owens Corning in 2014; previously held leadership roles at MeadWestvaco, Kimberly-Clark, and Procter & Gamble.

item 5.02

Executive movements

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Role change

Todd W. Fister

Executive Vice President and CFO

OC · Owens Corning

Effective: 2023-09-15
Filed: August 24, 2023, 7:59 PM ET

The Company has appointed Todd W. Fister, 49, as Executive Vice President and CFO, effective upon Mr. Parks’ resignation.

Departed

Kenneth S. Parks

Executive Vice President and Chief Financial Officer

OC · Owens Corning

Effective: 2023-09-15
Successor: Todd W. Fister
Filed: August 24, 2023, 7:59 PM ET

On August 21, 2023, Kenneth S. Parks, Executive Vice President and Chief Financial Officer (“CFO”) of Owens Corning (the “Company”), notified the Company that he will resign effective September 15, 2023 to pursue another opportunity.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd W. Fister was appointed as Executive Vice President and CFO at Owens Corning.

Action: appointed
Role: Executive Vice President and CFO

Exact text from the filing

The Company has appointed Todd W. Fister, 49, as Executive Vice President and CFO, effective upon Mr. Parks’ resignation.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth S. Parks resigned as Executive Vice President and Chief Financial Officer at Owens Corning.

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

Exact text from the filing

On August 21, 2023, Kenneth S. Parks, Executive Vice President and Chief Financial Officer (“CFO”) of Owens Corning (the “Company”), notified the Company that he will resign effective September 15, 2023 to pursue another opportunity.

View on SEC.gov

Owens Corning filing history →

Source: SEC EDGAR

accession 0001193125-23-220160

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