Fortive appoints Neill Reynolds as CFO of spin-off Ralliant

EVERETT, Wash. - Fortive Corporation (NYSE: FTV) announced today the appointment of Neill Reynolds as Chief Financial Officer of its soon-to-be independent company, Ralliant Corporation, effective from June 2, 2025. Reynolds, with over 25 years in financial leadership roles, joins Ralliant from Wolfspeed, where he contributed to the company’s strategic shift towards becoming a prominent supplier in silicon carbide materials and semiconductors. The appointment comes as Fortive demonstrates strong financial performance, with impressive gross profit margins of nearly 60% and a market capitalization of $23 billion. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates.

Reynolds’ career includes significant roles at Freescale Semiconductor and 15 years at General Electric, where he gained experience in finance, mergers and acquisitions, and operational integration. His work has earned him recognition, including being named CFO of the Year for Mid-Cap Semiconductors by Institutional Investor in 2023. InvestingPro data reveals that Fortive’s management has been actively buying back shares, demonstrating confidence in the company’s future. Subscribers can access 6 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.

Tami Newcombe, President and CEO of Ralliant, praised Reynolds’ proven track record and financial and operational expertise, which she believes will be crucial in establishing Ralliant as a standalone public entity. Newcombe expressed anticipation for the partnership with Reynolds to foster growth and shareholder value.

Reynolds shared his enthusiasm for joining Ralliant, acknowledging the company’s history of innovation and financial performance as part of Fortive. He looks forward to capitalizing on opportunities for Ralliant’s future success.

In addition to appointing Reynolds, Fortive has filed a Form 10 registration statement with the SEC for the planned spin-off of its Precision Technologies segment into Ralliant, expected to be completed by the end of the second quarter of 2025. Newcombe highlighted the strength of Ralliant’s leadership team, which includes executives with diverse industry backgrounds and significant experience.

Fortive, a global provider of essential technologies, is structured into three strategic segments, with a presence in over 50 countries. The company is known for its commitment to continuous improvement and innovation across its product and service offerings.

This news is based on a press release statement and aims to provide investors with key information regarding Fortive’s corporate developments and leadership transitions.

In other recent news, Fortive Corporation announced its Q1 2025 financial results, revealing an adjusted earnings per share (EPS) of $0.85, which met analyst expectations. However, the company reported revenue of $1.47 billion, falling short of the anticipated $1.49 billion. Despite the earnings alignment, the revenue miss has raised concerns among investors. Fortive is preparing for a strategic separation by the end of Q2, which could impact its operational dynamics. The company has also outlined plans to mitigate a projected $200 million tariff impact, aiming to offset 80% by Q4 2025. Analysts from Melius Research and JPMorgan have shown interest in Fortive’s tariff strategies and market challenges, particularly in the Test and Measurement segment. Fortive continues to experience growth in its Intelligent Operating Solutions and Advanced Healthcare Solutions segments, with core revenues increasing by 2% and 2.5%, respectively. The company is also focused on maintaining a strong operational performance and disciplined capital deployment, as emphasized by its CEO and CFO during the earnings call.

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