CLEVELAND — Eaton Corp. has named David Foster senior vice president, corporate development and treasury, effective Aug. 1. In this role, Foster will be responsible for corporate development activities, including mergers and acquisitions and strategic planning, and treasury activities, including capital market and foreign exchange transactions, insurance, and cash management. He will report to Richard Fearon, Eaton vice chairman and chief financial and planning officer.
 
Foster succeeds Kurt McMaken, who has been named vice president, finance and planning, Electrical Sector for the Europe, Middle East and Africa Region, reporting to Frank Campbell, president, Electrical Sector, Europe, effective Aug. 1.

Foster joined Eaton in 1993 as a general ledger accountant. He held the positions of finance director and controller in the Automotive Group and was named vice president, Finance, Asia Pacific Region in 2008. Prior to joining Eaton, he worked for Hydro Aluminum Bohn and Franklin Financial Company.

He holds a bachelor’s degree in accounting from the University of Michigan and a master’s degree in management from Kettering University in Michigan. Foster will be based at Eaton’s world headquarters in Cleveland, Ohio.