James A. Lico is the President and Chief Executive Officer of Fortive Corporation, a company he has led since it was formed in July 2016. With a Bachelor’s degree in Electrical Engineering from the University of Virginia, Lico has a...
James A. Lico is the President and Chief Executive Officer of Fortive Corporation, a company he has led since it was formed in July 2016. With a Bachelor’s degree in Electrical Engineering from the University of Virginia, Lico has a strong background in engineering which he leverages to drive innovation and success at Fortive. He has been instrumental in the company’s strategic growth and financial performance, demonstrating a consistent focus on aligning shareholder interests with executive actions. In fact, his compensation is tied to performance metrics like adjusted earnings per share and core revenue growth, showcasing a commitment to delivering shareholder value. Interestingly, in 2021, Lico’s total compensation was nearly $16.6 million, including a record of substantial stock options and vested stock totaling millions of dollars over the years. He notably increased his annual salary significantly since 2016 while also adapting compensation structures in response to market conditions and company performance. Furthermore, Lico's commitment to long-term success is reflected in his performance metrics and the substantial holdings he has in Fortive's stock, which fluctuated significantly across the years, indicating both investment in the company and resulting wealth tied to its performance.