Textron Inc. (TXT, Financial) has announced a significant leadership change, as Frank T. Connor, the company's Executive Vice President and Chief Financial Officer, will retire effective February 28, 2025. David Rosenberg, currently serving as Textron's Vice President of Investor Relations, has been appointed to succeed Mr. Connor as Executive Vice President and Chief Financial Officer, effective March 1, 2025.
Mr. Rosenberg, aged 48, brings over 24 years of experience in the aviation industry to his new role. He has previously held the position of Senior Vice President & Chief Financial Officer at Textron Aviation from 2018 to 2023. His leadership was instrumental in the successful merger and integration of Beechcraft and Textron's Cessna Aircraft business, forming the current Textron Aviation segment.
In his new role, Mr. Rosenberg will receive an annual base salary of $850,000, with a target annual incentive compensation equal to 100% of his base salary. Additionally, he will participate in Textron's long-term incentive compensation program, with a target award of 250% of his base salary, along with other executive benefits.
This leadership transition marks a new chapter for Textron Inc. as it continues to strengthen its executive team and drive future growth.
Should you invest in Textron Inc (TXT, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth Textron Inc (TXT) stock research here.
