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Textron (NYSE: TXT) adds Otis CFO Cristina Méndez to its board and audit panel

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Textron Inc. announced that its Board of Directors elected Cristina Méndez as a new director, effective February 15, 2026. She currently serves as Executive Vice President and Chief Financial Officer of Otis Worldwide Corporation, a global elevator and escalator leader with $14 billion in 2024 net sales.

At Textron, Ms. Méndez will serve on the Audit Committee and the Nominating and Corporate Governance Committee. The Board has determined she is independent under New York Stock Exchange standards and that she qualifies as an “audit committee financial expert” under Securities and Exchange Commission rules.

Ms. Méndez will participate in Textron’s standard Director Compensation Program and will enter into Textron’s standard Directors Indemnity Agreement, which provides indemnification and expense advancement for claims related to her service as a director, subject to specified limitations.

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0000217346FALSE00002173462026-01-302026-01-30


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 30, 2026
TEXTRON INC.
(Exact name of Registrant as specified in its charter)
Delaware1-548005-0315468
(State of
Incorporation)
(Commission File Number)
(IRS Employer
Identification Number)
40 Westminster Street, Providence, Rhode Island  02903
(Address of principal executive offices)
Registrant’s telephone number, including area code: (401) 421-2800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of exchange on which registered
Common Stock – par value $0.125TXTNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company  
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On January 30, 2026, the Board of Directors of Textron Inc. (“Textron”) elected Cristina Méndez as a member of the Board effective February 15, 2026. Ms. Méndez is Executive Vice President and Chief Financial Officer of Otis Worldwide Corporation where she oversees a wide range of functions, including Investor Relations, Financial Planning and Analysis, Internal Audit, Tax, Treasury and Corporate Real Estate. Otis is the world’s leading elevator and escalator manufacturing, installation and service company, with $14 billion in net sales in 2024 and customers in over 200 countries.

Prior to her role as CFO, to which she was appointed in 2024, Ms. Méndez served as Senior Vice President, Finance & Transformation for Otis’ EMEA (Europe, the Middle East and Africa) region, which is comprised of more than 40 countries, a role she began in 2022. Before joining Otis, she served as a senior finance executive in the global telecommunications industry for over 15 years, most recently from 2017 to 2022 as Senior Vice President, Director FPA of Telefónica Deutschland, a publicly listed subsidiary of Telefónica Group, one of the world’s largest telecommunications companies, where she oversaw financial operations and strategic initiatives. From 2007 to 2017, she held various senior finance roles at Telefónica Group, with a focus on strategic and financial planning across the international operating business.

Ms. Méndez will participate in Textron’s Director Compensation Program as described in Exhibit 10.16 to Textron’s Annual Report on Form 10-K for the fiscal year ended December 28, 2024, which is incorporated by reference herein, as such Program may be revised from time to time. Textron and Ms. Méndez will also enter into Textron’s standard Directors Indemnity Agreement, pursuant to which Textron will, subject to certain limitations, indemnify Ms. Méndez in connection with any claim arising in connection with her service as a Textron Director and will advance and pay her expenses incurred in connection with such claims.

Ms. Mendez will serve on the Board’s Audit Committee and Nominating and Corporate Governance Committee. Textron’s Board has determined that Ms. Méndez is independent under the New York Stock Exchange’s listing standards, and qualifies as an “audit committee financial expert” as defined by Securities and Exchange Commission rules.




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TEXTRON INC.
(Registrant)
By:/s /E. Robert Lupone
E. Robert Lupone
Executive Vice President, General Counsel and Secretary

Date: January 30, 2026

FAQ

What board change did Textron (TXT) disclose in this 8-K filing?

Textron disclosed that its Board of Directors elected Cristina Méndez as a new director, effective February 15, 2026. She will join the Audit Committee and the Nominating and Corporate Governance Committee, bringing senior financial leadership experience from Otis Worldwide and Telefónica Group.

Who is Cristina Méndez, the new Textron (TXT) board member?

Cristina Méndez is Executive Vice President and Chief Financial Officer of Otis Worldwide Corporation. She oversees Investor Relations, Financial Planning and Analysis, Internal Audit, Tax, Treasury and Corporate Real Estate, after prior senior finance roles in Otis’s EMEA region and more than 15 years with Telefónica Group.

What committees will Cristina Méndez serve on at Textron (TXT)?

Cristina Méndez will serve on Textron’s Audit Committee and its Nominating and Corporate Governance Committee. These assignments align with her background as a chief financial officer and senior finance executive, focusing on financial oversight, audit matters, and board composition and governance responsibilities at Textron.

Is Textron’s new director Cristina Méndez considered independent?

Yes, Textron’s Board determined that Cristina Méndez is independent under New York Stock Exchange listing standards. The Board also concluded that she qualifies as an “audit committee financial expert” under Securities and Exchange Commission rules, supporting strong financial oversight on Textron’s Audit Committee.

How will Textron (TXT) compensate new director Cristina Méndez?

Cristina Méndez will participate in Textron’s Director Compensation Program described in Exhibit 10.16 of its Form 10-K for the year ended December 28, 2024. This program, which may be revised over time, governs cash and equity compensation for non-employee directors serving on Textron’s Board.

What indemnification protections will Textron provide to Cristina Méndez?

Textron will enter into its standard Directors Indemnity Agreement with Cristina Méndez. Under this agreement, Textron agrees, subject to certain limitations, to indemnify her for claims arising from her service as a director and to advance and pay related expenses incurred defending such claims.

What relevant experience does Cristina Méndez bring to Textron’s board?

Cristina Méndez brings extensive global finance experience, including serving as CFO of Otis Worldwide, a $14 billion net sales company in 2024. She previously led finance and transformation in Otis’s EMEA region and held senior strategic and financial planning roles at Telefónica Deutschland and Telefónica Group.
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