Owens Corning Taps Veteran for New CFOO Role to Drive Growth Strategy

TOLEDO, Ohio – May 01, 2026 – Building products leader Owens Corning today announced a significant leadership restructuring, promoting Todd Fister to the newly created, expanded role of Executive Vice President and Chief Financial and Operating Officer. The move signals a clear intent to tightly integrate financial discipline with operational execution as the company embarks on a new chapter focused on its core residential markets.

Fister, who has served as the company’s Chief Financial Officer since 2023, now assumes dual responsibilities. According to the company, this combined role is designed to accelerate organic growth, enhance margins, and solidify market-leading positions in its key segments of roofing, insulation, and doors. The promotion is effective immediately and aligns with the strategic vision outlined at the company’s most recent Investor Day.

“Over the past few years, we have reshaped Owens Corning into a focused, branded building products leader in North America and Europe,” said Brian Chambers, Chair and Chief Executive Officer. “With the sale of our glass reinforcements business, we are now positioned to operate as a more integrated company and capture the full value of our complementary product platforms.”

A Strategic Pivot to Integrated Leadership

The creation of a combined Chief Financial and Operating Officer role, even on an interim basis as the company conducts an external search for a new CFO, is a decisive strategic move. It breaks down traditional silos between finance and operations, aiming to create a more agile and cohesive management structure. In this new capacity, Fister is tasked with executing key enterprise initiatives that leverage what the company calls “The OC Advantages™”—its brand, commercial strength, technology, and cost position—to streamline operations and drive performance.

The timing of this leadership change is critical. It comes on the same day Owens Corning finalized the sale of a major business unit, marking a definitive pivot in corporate strategy. By placing a single, proven executive in charge of both the financial levers and the operational engine, the company aims to accelerate decision-making and ensure that strategic goals are seamlessly translated into day-to-day execution. This structure is intended to unlock efficiencies, structurally lower costs, and improve capital allocation to fund further growth.

Chambers expressed confidence in Fister's ability to lead this charge. “With over 11 years of service at Owens Corning, Todd is a proven and respected leader. His deep strategic and operational expertise, combined with his knowledge of our people and the building products industry, will be critical as we capture the benefits of a more focused company.”

Reshaping the Portfolio for Focused Growth

This executive shuffle is the capstone on a period of significant portfolio transformation. Today, Owens Corning completed the sale of its glass reinforcements business to Praana Group. The transaction, initially announced in February 2025, was finalized for an enterprise value of $645 million, providing approximately $280 million in upfront cash proceeds.

The divestiture is the most significant step in the company’s strategy to exit more cyclical, capital-intensive businesses and double down on its core North American and European residential building products. The glass reinforcements business, which generated around $1.1 billion in revenue in 2024, served a wide range of industrial markets. Its sale allows Owens Corning to present a simpler, more focused investment thesis to shareholders, centered on higher, more resilient margins and cash flows from its branded product lines.

This strategic narrowing allows the company to function as a more integrated entity. The remaining businesses—Roofing, Insulation, and the recently acquired Doors segment—are highly complementary, often serving the same residential construction and remodeling customers. Fister’s integrated role is designed to maximize the synergies between these platforms, simplifying go-to-market strategies and standardizing processes across the newly focused enterprise.

The Proven Leader at the Helm

Fister is not new to transformative leadership within Owens Corning. Before becoming CFO, he served as President of the company’s Insulation business from 2019 to 2023. During his tenure, he led a dramatic turnaround, growing the segment's revenue by 30% and more than doubling its earnings before interest and taxes (EBIT). This track record of delivering both growth and stronger margins in a key operational role makes him a natural fit for the expanded responsibilities.

His deep institutional knowledge is also a key asset. Fister was a principal architect of the very enterprise strategy he is now tasked with executing. This positions him uniquely to drive the company’s agenda for organic growth and market-leading performance. His prior experience also includes leadership roles in strategy and corporate development at Owens Corning, as well as positions at MeadWestvaco, Kimberly-Clark, and Procter & Gamble.

Navigating a Mixed Market with 'The OC Advantages'

Fister takes on his new duties as Owens Corning navigates a complex and mixed market environment. While the company has demonstrated remarkable resilience, delivering 19 consecutive quarters of adjusted EBITDA margins at or above 20%, it faces headwinds from slowing construction demand and economic uncertainty. The company's recent performance reflects this reality, with roofing sales showing strength while insulation volumes have softened.

However, the company's strategic moves have bolstered its position. The 2024 acquisition of Masonite and its subsequent integration as the Doors business has already become a significant revenue contributor, adding $1.4 billion in its first full year. This diversification within the residential products space provides another lever for growth.

Under Fister’s integrated leadership, the company plans to aggressively leverage its 'OC Advantages'. This includes its iconic brand recognition, epitomized by the Pink Panther mascot, and its leading technology, such as the low-carbon FOAMULAR® NGX™ insulation. By combining financial oversight with operational command, Fister is charged with enhancing the company's winning cost position and commercial strength to outperform competitors and deliver value to customers and shareholders, regardless of the macroeconomic climate.