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PROVIDENCE - Textron Inc. (NYSE:TXT) announced Monday that Jörg Rautenstrauch will become president and CEO of Textron Specialized Vehicles Inc. (TSV), effective January 4, 2026. Rautenstrauch will maintain his current position as president and CEO of Kautex and the Textron Industrial segment. The leadership change comes as the $14.3 billion market cap aerospace and defense company continues to position itself for growth, with shares trading at $81.54, up 6.4% year-to-date.
Rautenstrauch replaces Rob Scholl, who has been appointed chief commercial officer at Bell, Textron’s helicopter division. Scholl will take over from Danny Maldonado, who was previously announced as Bell’s incoming president and CEO, also effective January 4, 2026.
"Jörg has been an outstanding leader for Kautex and possesses a deep understanding of our TSV business," said Textron Chairman and CEO Scott C. Donnelly in a press release statement. "His leadership will allow us to effectively execute on our business plans and meet the demands of our customers." According to InvestingPro data, Textron appears undervalued based on its Fair Value assessment, with analysts setting price targets ranging from $86 to $107.
Rautenstrauch joined Textron in 2011 and was appointed president and CEO of Kautex in 2016. He later added responsibility for the entire Textron Industrial segment in 2020.
Scholl brings 19 years of experience across various Textron businesses to his new role at Bell. He has led Textron Specialized Vehicles since 2023 and previously served as president and CEO of Textron eAviation. His earlier career at Textron Aviation included senior roles in sales, marketing, and operations.
Lisa Atherton, current Bell president and CEO who will become Textron’s president and CEO on January 4, 2026, expressed confidence in Scholl’s appointment, noting his industry reputation and leadership experience.
Textron Inc. operates across multiple industries with brands including Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems.
In other recent news, Textron Inc. reported its third-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $1.55, which exceeded analyst projections of $1.46. However, the company’s revenue for the quarter was $3.6 billion, falling short of the expected $3.7 billion. Additionally, Textron has issued $500 million in principal amount of 4.950% notes due in 2036, with the transaction managed by Goldman Sachs, J.P. Morgan Securities, and Wells Fargo Securities. The issuance was conducted under Textron’s existing shelf registration statement. In another development, the Federal Aviation Administration has granted type certification to the Cessna Citation Ascend business jet, a part of Textron Aviation. This certification follows an extensive flight test program, and the aircraft is anticipated to enter service later this year. These developments reflect ongoing activities within Textron, impacting both its financial and operational landscape.
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