Shareholders and other parties interested in communicating directly with the Board or with individual directors or the non-management or independent directors as a group may do so by addressing communications to the Board, to the specified individual director or to the non-management or independent directors, as applicable, c/o Corporate Secretary, Fortive Corporation, 6920 Seaway Blvd, Everett, WA 98203.
Mr. Spoon serves as the Chairman of the Board. The responsibilities of the Chairman of the Board include setting the agenda for each board meeting, in consultation with the Chief Executive Officer; chairing the meetings of directors and meetings of independent directors; and facilitating and conducting, with the Nominating and Governance Committee, the annual self-assessments by the Board and each standing committee of the Board.
Alan G. Spoon
Alan G. Spoon has served as Fortive’s Chairman of the Board since 2016. In addition, Mr. Spoon served as a Partner of Polaris Partners, a company that invests in private technology and life science firms, from 2000 to 2018, including as Managing General Partner from 2000 to 2010 and as Partner Emeritus from 2015 to 2018. Mr. Spoon is also a member of the board of directors of each of Danaher Corporation, IAC/InterActiveCorp., Match Group, Inc. and Cable One, Inc. In addition to his prior leadership role at Polaris Partners, Mr. Spoon previously served as president, chief operating officer and chief financial officer of one of the country’s largest, publicly-traded education and media companies, and has served on the boards of numerous public and private companies. His public company leadership experience gives him insight into business strategy, leadership and executive compensation and his public company and private equity experience give him insight into technology trends, acquisition strategy and financing, each of which represents an area of key strategic opportunity for Fortive.
Nominating and Governance Committee
Israel Ruiz has served on Fortive’s Board of Directors since 2016. In addition, Mr. Ruiz has been the Executive Vice President and Treasurer at Massachusetts Institute of Technology (MIT), a private research university of science and technology, since 2011. In this role, Mr. Ruiz oversees all principal administrative and financial functions of MIT. Prior to his current role, Mr. Ruiz served as the Vice President for Finance for MIT from 2007 to 2011 and as a principal for MIT’s Office of Budget and Financial Planning from 2001 to 2007. Mr. Ruiz’s qualifications include, among other factors, his financial and accounting expertise and experience in the areas of business management and operations.
Nominating and Governance Committee
James A. Lico
As Fortive’s founding President and Chief Executive Officer, Mr. Lico drives Fortive’s overall vision, drawing on two decades of deep experience at Danaher.
Mr. Lico joined Danaher in 1996 as Vice President Operations of Veeder-Root in Altoona, Pennsylvania, and was tapped for roles of increasing responsibility before being appointed Danaher Executive Vice President and member of the Danaher Office of the Chief Executive. During his tenure, his multi-industry responsibilities focused on test and measurement, transportation technologies and industrial technologies.
Mr. Lico has also had corporate responsibility for Danaher Corporate Procurement, served as Danaher’s executive leader for the Emerging Market Regional Boards of China, Japan, India and Middle East, and ran the Danaher Business System Office from 2004 to 2005.
Prior to Danaher, Mr. Lico held positions of progressively broader scope at AlliedSignal and General Motors. He serves as a member of the Board of Directors of Netscout Systems, a publicly traded network technology company headquartered in Boston, Massachusetts. He holds a BS from the University of Michigan and a Masters in Management from Northwestern University. Jim lives in Seattle, Washington, with his wife Maureen and three children.
Feroz Dewan has served on Fortive’s Board of Directors since 2016. He is the CEO of Arena Holdings Management LLC, an investment holding company. In addition, Mr. Dewan has served in a series of positions with Tiger Global Management, an investment firm with approximately $20 billion under management across public and private equity funds, from 2003 to 2015, including most recently as Head of Public Equities. He also served as a Private Equity Associate at Silver Lake Partners, a firm focused on leveraged buyouts and growth capital investments in technology and related industries, from 2002 to 2003. Mr. Dewan’s experience is with technology and areas of financial matters, such as risk management and corporate governance. As of October 2016, Mr. Dewan serves as a director to The Kraft Heinz Company.
Kate D. Mitchell
Kate D. Mitchell has served on Fortive’s Board of Directors since 2016. In addition, Ms. Mitchell has served as a partner and co-founder of Scale Venture Partners, a Silicon Valley-based firm that invests in early-in-revenue technology companies, since 1997. Prior to her current role, Ms. Mitchell served with Bank of America, a multinational banking and financial services corporation, from 1988 to 1996, most recently as Senior Vice President for Bank of America Interactive Banking. Ms. Mitchell currently serves on the boards of directors of Silicon Valley Bank, Silicon Valley Community Foundation and other private company boards on behalf of Scale Venture Partners. Ms. Mitchell’s qualifications include, among other factors, extensive experience in the technology industry as well experience in the areas of business management and operations, finance and executive compensation.
Steven M. Rales
Steven M. Rales has served on Fortive’s Board of Directors since 2016. In addition, Mr. Rales is a co-founder of Danaher and has served on the board of directors of Danaher since 1983, serving as Danaher’s Chairman of the board of directors since 1984. He was also CEO of Danaher from 1984 to 1990. In addition, for more than the past five years he has been a principal in a private business entity in the area of film production. Mr. Rales is a brother of Mitchell P. Rales.
The strategic vision and leadership of Mr. Rales and his brother, Mitchell Rales, helped create the Danaher Business System and have guided Danaher down a path of consistent, profitable growth that continues today. In addition, as a result of the substantial ownership stake that Mr. Rales has in Fortive, he is well-positioned to understand, articulate and advocate for the rights and interests of Fortive’s shareholders.
Mitchell P. Rales
Mitchell P. Rales has served on Fortive’s Board of Directors since 2016. In addition, Mr. Rales is a co-founder of Danaher Corporation and has served on the board of directors of Danaher since 1983, serving as Chairman of the Executive Committee of Danaher since 1984. He was also President of Danaher from 1984 to 1990. In addition, for more than the past five years he has been a principal in private and public business entities in the manufacturing area. Mr. Rales is also a member of the board of directors of Colfax Corporation, and is a brother of Steven M. Rales.
The strategic vision and leadership of Mr. Rales and his brother, Steven Rales, helped create the Danaher Business System and have guided Danaher down a path of consistent, profitable growth that continues today. In addition, as a result of the substantial ownership stake that Mr. Rales has in Fortive, he is well-positioned to understand, articulate and advocate for the rights and interests of Fortive’s shareholders.