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PROVIDENCE, R.I. - Textron Inc. (NYSE:TXT), a $14.67 billion industrial conglomerate with $14.06 billion in annual revenue, announced Wednesday that Lisa Atherton, current president and chief executive officer of its Bell segment, will succeed Scott C. Donnelly as the company’s president and CEO, effective January 4, 2026.
Atherton will join Textron’s Board of Directors upon assuming the CEO role. Donnelly, who has led the company for 17 years, will transition to Executive Chairman, where he will lead the Board and provide counsel to the CEO. According to InvestingPro data, Textron maintains strong financial health with healthy liquidity and moderate debt levels.
"As a member of Textron’s executive leadership team for over 8 years, we witnessed Lisa play a key role in driving growth across her businesses and winning critical programs," said R. Kerry Clark, Textron’s Lead Director, in a press release statement.
Atherton has worked at Textron for 18 years in various businesses and functions. "I have had the honor of working in a variety of businesses and functions during my eighteen-year tenure at Textron, gaining a deep understanding of our customers," said Atherton.
The appointment comes after what the company described as a comprehensive succession planning process. Donnelly will remain involved with the company in his new role as Executive Chairman after the transition.
Textron is a multi-industry company that operates in aircraft, defense, industrial and finance businesses through brands including Bell, Cessna, Beechcraft, Hawker, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO and Textron Systems. InvestingPro analysis indicates the company appears undervalued at current levels, with additional insights available in the comprehensive Pro Research Report covering this leading industrial player.
In other recent news, Textron Inc. reported stable monthly recurring revenue (MRR) over the past year and a half, even amid a challenging market environment, as discussed in their Q2 2025 earnings call. The company has also launched a new product, TextApp, as part of its innovation focus. Textron’s Board of Directors declared a quarterly dividend of $0.02 per share on the company’s common stock, payable on January 1, 2026. In other developments, Textron Aviation, a subsidiary of Textron Inc., announced that its Cessna Citation CJ3 Gen2 light jet and Cessna Citation M2 Gen2 light-entry jet have both received Federal Aviation Administration (FAA) certification. The CJ3 Gen2 completed 445 flight test hours, while the M2 Gen2 underwent nearly 300 flight test hours. Furthermore, Textron Aviation has integrated Sensos Smart Labels into its parts distribution process, allowing customers to track parts shipments in real-time. These recent developments highlight Textron’s continued focus on innovation and customer service improvements.
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