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Fortive Corporation (NYSE: FTV) announced leadership transitions effective January 1, 2022. Pat Murphy will move from President & CEO, Precision Technologies to President & CEO, Advanced Healthcare Solutions, while Tami Newcombe will succeed him. Barbara Hulit will step down as President & CEO, AHS, transitioning to a part-time Executive Advisor. Jim Lico, Fortive’s CEO, expressed confidence in Murphy and Newcombe's leadership capabilities, emphasizing their roles in advancing healthcare and performance across business segments.
Positive
Pat Murphy's transition is expected to enhance leadership in Advanced Healthcare Solutions.
Tami Newcombe's promotion signifies confidence in her market leadership capabilities and customer-centric approach.
Negative
Barbara Hulit stepping down from her role may signal instability in AHS leadership.
EVERETT, Wash.--(BUSINESS WIRE)--
Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that on January 1, 2022, Pat Murphy, currently serving as President & CEO, Precision Technologies (PT), will transition to President & CEO, Advanced Healthcare Solutions (AHS). As part of this transition, Mr. Murphy will also assume High Growth Market leadership for the Europe, Middle East, and Africa (EMEA) regions, in addition to his current responsibility for China.
Fortive also announced that Tami Newcombe, currently serving as Group President at Fortive and President of Tektronix, will be promoted to President & CEO, PT, to succeed Mr. Murphy effective January 1, 2022.
Additionally, Fortive announced that effective December 31, 2021, Barbara Hulit will step down from her current role as President & CEO, AHS. At that time, Ms. Hulit will take on a part-time role as Executive Advisor, where she will continue to work with operating company leadership teams across AHS and Fortive to accelerate key aspects of strategy development and Fortive Business System implementation to support the next phases of growth.
Jim Lico, President and CEO of Fortive, stated: “We’re excited to have Pat assume the leadership role at AHS. He brings extensive senior management experience driving breakthrough technology innovation and enhancing performance across businesses in a range of different markets. Pat is looking forward to supporting the important mission of the AHS team as it raises the standard of care globally, improves safety in a variety of critical healthcare settings, and ensures that healthcare providers can focus on the best possible care for their patients.”
Mr. Lico continued: “Throughout her tenure at Tektronix, Tami has shown a passion for leading with FBS to take market share and deliver results, providing inspiration to her team and a benchmark to other leaders across Fortive. Tami brings the bold vision, rigorously customer-centric approach, and specialized expertise required for success in her expanded role as the leader of the Precision Technologies segment. I am looking forward to a seamless transition and expect Tami to drive significant progress across the segment in the coming years.”
Mr. Lico added: “I have had the distinct pleasure of working very closely with Barb over the past 16 years. From her time as President / Group Executive of Fluke, to more recent roles guiding the Fortive Business System Office, our High Growth Markets businesses, and the establishment of The Fort, Barb played an instrumental role in the launch of Fortive and the evolution of our portfolio since then. Her leadership and her commitment to FBS will have a lasting impact on Fortive as we move forward, and we’re grateful that she will continue to play a meaningful role on our team.”
ABOUT FORTIVE
Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. The company holds leading positions in intelligent operating solutions, precision technologies, and advanced healthcare solutions. Fortive is headquartered in Everett, Washington and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. With a culture rooted in continuous improvement, the core of our company’s operating model is the Fortive Business System. For more information please visit: www.fortive.com.
Who is the new CEO of Advanced Healthcare Solutions at Fortive?
Pat Murphy will be transitioning to President & CEO of Advanced Healthcare Solutions effective January 1, 2022.
What is the role of Tami Newcombe at Fortive post-transition?
Tami Newcombe will become President & CEO of Precision Technologies, succeeding Pat Murphy effective January 1, 2022.
What changes are happening in Fortive's leadership?
Effective January 1, 2022, Pat Murphy will transition to AHS, Tami Newcombe will lead Precision Technologies, and Barbara Hulit will step down to a part-time advisory role.
When will the leadership transitions at Fortive take place?
The leadership transitions at Fortive will take effect on January 1, 2022.
