Jun. 30 at 10:22 AM
$FTV $RAL
Fortive completes Ralliant separation, names Olumide Soroye as CEO
Fortive (FTV) announced that it has completed the separation of its Precision Technologies segment, through the 100% spin-off of Ralliant (RAL) to its shareholders on June 28, 2025. Fortive shares will continue to trade on the New York Stock Exchange under the symbol "FTV" and, effective June 30, Ralliant will begin "regular way" trading on the New York Stock Exchange under the symbol "RAL."
In connection with the separation, on June 28, 2025, Fortive shareholders received one share of common stock of Ralliant for every three shares of common stock of Fortive held at the close of business on June 16, 2025. Approximately 113 million shares of Ralliant common stock were distributed in the separation.
Concurrently with the separation, Olumide Soroye has assumed the role of President and CEO and joined Fortive Corporation's Board of Directors. His appointment was part of a planned transition, previously announced in conjunction with the separation of Fortive and Ralliant. Soroye succeeds James Lico who has retired as President, CEO and Director of Fortive Corporation. Lico will continue to serve as a non-executive senior advisor for Fortive until the end of the year.
