June 17, 2024

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Fortive Appoints Study Simmons as Senior Vice President–Approach and Jonathan Schwarz as Senior Vice President–Company Growth

EVERETT, Clean.–(Organization WIRE)–Fortive Company (“Fortive”) (NYSE: FTV) currently declared the appointment of Go through Simmons as Senior Vice President of Strategy and the promotion of Jonathan Schwarz to Senior Vice President of Corporate Enhancement, each successful February 1, 2021. Mr. Simmons will report instantly to Jim Lico, Fortive’s President and Chief Govt Officer, and will direct Fortive’s strategic development attempts, which include as they relate to mergers & acquisitions (M&A) and financial investment choices, as nicely as organic expansion techniques throughout all segments at Fortive. Mr. Schwarz will go on to guide Fortive’s Company Advancement function, together with oversight of Fortive’s capital allocation and M&A initiatives, and will also oversee Fortive’s tax and treasury teams.

Mr. Simmons joins Fortive from Vista Fairness Associates, a main private expense agency centered on computer software, knowledge, and technology-enabled organizations. At Vista, he served as President of Vista Consulting Team, leading the firm’s focused interior consulting business and producing tactics to speed up expansion, organizational capacity, and expertise enhancement all over Vista’s private fairness portfolio.

Mr. Lico said: “We’re extremely thrilled for Read to join the Fortive workforce. Following a interval of significant portfolio transformation at Fortive, we’re poised to accelerate growth in the several years ahead as we continue to scale our major positions offering significant application-enabled workflow answers to our shoppers. Read through has substantial experience leading strategy progress across a wide vary of know-how and software companies, supporting the dependable shipping and delivery of aggressive differentiation, innovation, and benefit-maximizing improvements. He will bring a unique set of expertise and views to our workforce and will additional increase our imagining not only all around natural advancement technique, but also the use of funds allocation to speed up that tactic in the decades ahead.”

Prior to becoming a member of Vista, Mr. Simmons was a Husband or wife at Bain & Organization, wherever he served as a Director in its Personal Equity Apply and led its Technological innovation, Media, and Telecommunications vertical and spearheaded Bain’s Electronic and Innovative Analytics Observe. Whilst at Bain, Mr. Simmons also led numerous internal expertise growth initiatives, like management of worldwide instruction programs and serving as the HR Companion for Bain’s Bay Place offices.

Mr. Schwarz will retain obligation for M&A-similar activity at Fortive and is taking on responsibility for Fortive’s tax and treasury functions. In this part, he will continue on to report to Chuck McLaughlin, Fortive’s Chief Financial Officer.

Mr. Lico continued: “Jon has played a crucial management job at Fortive from the starting, owning joined the team in 2015 as Vice President of Corporate Advancement. Jon and his crew have demonstrated an extraordinary ability to push portfolio advancement and transformation, encouraging Fortive close around $8.5 billion in strategic acquisitions such as considerable enhancements to our capabilities in computer software-enabled workflows. Jon has also worked intently with operating company leadership and cross-useful teams at Fortive to information the continual advancement of our M&A system.”

ABOUT FORTIVE

Fortive is a company of important technologies for linked workflow options across a assortment of beautiful end-markets. The business holds foremost positions in intelligent functioning remedies, precision systems, and superior healthcare alternatives. Fortive is headquartered in Everett, Washington and employs a workforce of much more than 17,000 study and enhancement, producing, sales, distribution, provider and administrative workforce in much more than 50 countries all around the entire world. With a society rooted in ongoing improvement, the main of our company’s functioning design is the Fortive Business Technique. For more information and facts you should stop by: www.fortive.com.

Forward Looking STATEMENTS

Statements in this release that are not strictly historical, like the statements about potential growth potential clients, industry prospects, and corporate progress prospects, and any other statements determined by their use of words and phrases like “expect,” or other text of comparable that means are “forward-looking” statements inside the this means of the federal securities rules. There are a amount of essential aspects that could lead to long run advancement, industry options, and company growth prospects to differ materially from these instructed or indicated by these ahead-wanting statements and you must not put undue reliance on any this sort of forward-looking statements. These factors include things like, amongst other factors: the duration and impression of the COVID-19 pandemic, deterioration of or instability in the economic system, the markets we provide, international trade policies and the monetary markets, trade relations with China, the period out of the London Interbank Offered Amount, contractions or reduce development premiums and cyclicality of markets we serve, competition, improvements in sector standards and governmental polices, our potential to effectively establish, consummate, combine and recognize the anticipated worth of ideal acquisitions and efficiently complete divestitures and other dispositions, our capacity to understand the supposed positive aspects of the separation of Vontier, our skill to acquire and effectively market place new merchandise, software, and providers and broaden into new marketplaces, the prospective for incorrect perform by our workforce, brokers or business enterprise partners, impact of divestitures, contingent liabilities relating to acquisitions and divestitures, effect of changes to tax laws, our compliance with applicable legal guidelines and laws and variations in applicable rules and polices, dangers relating to global financial, political, lawful, compliance and small business things, challenges relating to probable impairment of goodwill and other intangible assets, forex trade premiums, tax audits and alterations in our tax rate and earnings tax liabilities, the influence of our debt obligations on our functions, litigation and other contingent liabilities together with mental house and environmental, well being and protection issues, our means to sufficiently secure our intellectual home rights, threats relating to product, service or program problems, solution liability and recalls, hazards relating to item producing, our interactions with and the effectiveness of our channel partners, commodity fees and surcharges, our means to change purchases and producing ability to mirror market disorders, reliance on sole sources of offer, stability breaches or other disruptions of our information and facts technologies units, adverse effects of restructuring actions, chance linked to the tax procedure of our separation of Vontier, impression of our indemnification obligation to Vontier, effects of variations to U.S. GAAP, labor matters, and disruptions relating to guy-made and organic disasters. More info about the variables that may lead to real success to differ materially from these ahead-searching statements is available in our SEC filings, together with our Annual Report on Sort 10-K for the year ended December 31, 2019 and on Variety 10-Q for the quarters finished March 27, 2020, June 26, 2020 and September 25, 2020. These forward-seeking statements discuss only as of the day of this launch, and Fortive does not assume any obligation to update or revise any forward-searching assertion, regardless of whether as a consequence of new information and facts, foreseeable future functions and developments or otherwise.