Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Fortive (FTV) has provided an announcement.
James A. Lico has announced his retirement as President and CEO of Fortive Corporation, coinciding with the spin-off of its Precision Technologies segment into a new public entity, NewCo, expected in late 2025. Charles E. McLaughlin also plans to retire as CFO by early 2025. Fortive’s Board has authorized the spin-off, with Olumide Soroye set to lead Fortive post-spin-off, and Tamara S. Newcombe to become CEO of NewCo. The company reaffirms its financial projections for 2024 and has outlined updated capital allocation strategies ahead of the spin-off, emphasizing a commitment to shareholder value and future growth prospects.
See more data about FTV stock on TipRanks’ Stock Analysis page.
