Fortive Appoints Former Expedia CEO Mark Okerstrom as New Chief Financial Officer

Fortive (NYSE: FTV) has appointed Mark Okerstrom as Chief Financial Officer, effective March 24, 2025. He will succeed Chuck E. McLaughlin, who will retire as CFO but continue in a non-executive role through year-end to ensure smooth transition.

Okerstrom brings extensive experience from his 13-year tenure at Expedia Group, where he served in various executive roles including CFO, EVP of Operations, and ultimately CEO. As Expedia’s CFO for 6 years, he managed finance, corporate strategy, and M&A. He was recognized among Top 3 CFOs in the Internet sector by Institutional Investor Magazine for three consecutive years (2016-2018).

The appointment follows a comprehensive search process. Okerstrom, who holds an MBA from Harvard Business School and a JD from the University of British Columbia, will be based at Fortive’s headquarters in Everett, Washington. The company expects his expertise in profitable growth, innovation, and capital…