Fortive appoints Mark Okerstrom as CFO effective March 24, 2025; McLaughlin retires

Fortive Corp

Mark Okerstrom named SVP & CFO, effective March 24, 2025, succeeding Charles McLaughlin who retires but remains through Dec 2025.
Okerstrom previously at Bain & Company and Advent International; former Expedia CFO/CEO (2011–2019) and President/COO of Convoy.
Compensation: $800k base salary, 125% target bonus, $2.5M cash sign-on (two installments), $10M one-time equity, $6M annual equity.
One-time equity: 50% PSUs (3-year performance + 1-year hold), 25% stock options, 25% RSUs (both vest 50% at year 3 and 4).
Sign-on awards include a make-whole payment for forfeited compensation from previous position.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Mark D. Okerstrom

Senior Vice President and Chief Financial Officer

FTV · Fortive Corp

Effective: 2025-03-24
Filed: March 7, 2025, 6:59 PM ET

On March 4, 2025, the Board of Directors of Fortive Corporation (the “Company”) appointed Mark D. Okerstrom as Senior Vice President and Chief Financial Officer of the Company, effective March 24, 2025

Departed

Charles E. McLaughlin

Senior Vice President and Chief Financial Officer

FTV · Fortive Corp

Effective: 2025-03-24
Successor: Mark D. Okerstrom
Filed: March 7, 2025, 6:59 PM ET

Mr. Okerstrom will succeed Charles E. McLaughlin, who will retire from his role as Senior Vice President and Chief Financial Officer of the Company on the Effective Date and will continue to serve in a non-executive officer role with the Company through December 31, 2025 to assist with the transition.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark D. Okerstrom was appointed as Senior Vice President and Chief Financial Officer at Fortive Corp.

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On March 4, 2025, the Board of Directors of Fortive Corporation (the “Company”) appointed Mark D. Okerstrom as Senior Vice President and Chief Financial Officer of the Company, effective March 24, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Charles E. McLaughlin departed as Senior Vice President and Chief Financial Officer at Fortive Corp.

Action: retire
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

Mr. Okerstrom will succeed Charles E. McLaughlin, who will retire from his role as Senior Vice President and Chief Financial Officer of the Company on the Effective Date and will continue to serve in a non-executive officer role with the Company through December 31, 2025 to assist with the transition.

View on SEC.gov

Fortive Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-048954

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