Fortive Corporation announced the appointments of Mark D. Morelli as President & Chief Executive Officer and David H. Naemura as Chief Financial Officer of NewCo, a global industrial company that Fortive previously announced it will form as part of its planned separation into two independent, publicly traded companies. Both Mr. Morelli and Mr. Naemura will assume their respective roles with NewCo in the first quarter of 2020. Fortive also announced its intention to appoint Karen C. Francis as the Chair of the Board of Directors of NewCo immediately prior to NewCo becoming a public company.

Fortive continues to expect to complete the separation in the second half of 2020. Mark Morelli brings nearly 30 years of experience in management positions across a variety of industrial technology markets. He joins NewCo from the Columbus McKinnon Corporation, where he serves as President & CEO.

Prior to his time at Columbus McKinnon, Morelli spent four years as President & COO of Brooks Automation. Dave Naemura brings nearly 25 years of financial leadership experience across a range of global industrial companies. He joins NewCo from Gates Industrial Corporation, where he has served as CFO for five years.