01 May, 2026
Owens Corning Names Todd Fister Chief Financial and Operating Officer to Accelerate Organic Growth and Strengthen Market-Leading Positions
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Owens Corning (NYSE: OC), a branded building products leader, today announced that Todd Fister has been promoted to Executive Vice President and Chief Financial and Operating Officer, effective today. This expanded role reflects Owens Corning’s continued focus on operational discipline and integrated execution to accelerate organic growth, enhance margins, and strengthen market‑leading positions, in line with the company’s most recent Investor Day . Owens Corning has promoted Todd Fister to Executive Vice President and Chief Financial and Operating Officer. In this role, he will be responsible for executing key enterprise initiatives that drive growth and performance. In this role, Fister will assume responsibility for executing key enterprise initiatives that drive growth and performance. By leveraging The OC Advantages™ – including Owens Corning’s iconic brand, unparalleled commercial strength, leading technology, and winning cost position – he will enhance the execution of the
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01 May, 2026
Owens Corning Completes Sale of Glass Reinforcements Business to Praana Group
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Owens Corning (NYSE: OC) today announced that it has completed the sale of its glass reinforcements business to Praana Group. The transaction strengthens Owens Corning as a focused building products leader in North America and Europe and enhances the company’s capital efficiency. The terms of the transaction remain as announced on April 15, 2026, with an enterprise value of $645 million and increased upfront cash proceeds that accelerate cash realization. Owens Corning’s cash proceeds from the transaction of approximately $280 million will be used to fund organic growth initiatives and cash returns to shareholders. In addition, the company expects to generate additional cash of approximately $50 million to $70 million from excess alloy sales over the next year. “Over the past few years, we have advanced our strategy to focus on branded residential building products in specific geographies where we can build market-leading positions and maximize long-term shareholder value,” said Brian
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15 April, 2026
Owens Corning Enters Into Amended Agreement with Praana Group for Sale of Glass Reinforcements Business
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Owens Corning (NYSE: OC), a building products leader, today announced that it has entered into an amended agreement to sell its glass reinforcements business to Praana Group, accelerating cash realization and updating the terms of the previously announced sale. The amended agreement eliminates seller notes and increases up-front cash proceeds, streamlining Owens Corning’s separation from the business. The agreement also adjusts the total enterprise value of the sale from $755 million to $645 million. The adjusted transaction value reflects changing market conditions impacting the business while maintaining a consistent valuation multiple. This sale is part of Owens Corning’s strategy to strengthen its focus as a building products leader in North America and Europe and exit high capital-intensive businesses. Combined with other strategic initiatives and investments made over the past several years, it positions the company to deliver higher, more resilient margins and cash flows in
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