Tamara S. Newcombe is the CEO of Fortive Corporation, taking on expanded responsibilities as of July 2023, including leadership of two key segments: Precision Technologies and Advanced Healthcare Solutions. She holds a Bachelor's degree in Industrial Engineering from Purdue University,...

Number of Employees

18K

Year

2023

Total Compensation

$2.09M

Salary

$725.00K

Board Justification

The compensation philosophy emphasizes performance-based pay aligned with long-term value creation for shareholders, with a significant portion of total compensation being performance-based and equity-based.

Bonus

$1.26M

Board Justification

Annual incentive compensation based on performance metrics including Adjusted EPS, Free Cash Flow, and Core Revenue Growth, with a final payout based on a composite performance factor of 116.1%.

Other

$98.75K

Board Justification

Includes contributions to 401(k), EDIP contributions, and other perquisites such as financial services stipend.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the focus was on performance-based awards that are contingent on future performance.

Performance Metrics

Performance metrics for 2023 included Adjusted EPS, Free Cash Flow, and Core Revenue Growth.

SEC Filing

From April 22, 2024

Tamara S. Newcombe

CEO of Fortive

F

Education

Bachelor's degree in Industrial Engineering from Purdue University.

Field of Expertise

Technology & Engineering - Engineering

Born

August 12, 1974 - 50 years ago

Is Founder?

No

Current Tenure

1 year 6 months (Jul 2023 - Present)

Previous Experience

Previously served as President and CEO of the Precision Technologies segment.