CD&R Announces Jim Lico, Former Fortive CEO, as Operating Advisor

CD&R (or the "Firm") today announced that Jim Lico, former President and Chief Executive Officer of Fortive Corporation (NYSE: FTV), a diversified industrial growth company, has been engaged as an Operating Advisor to CD&R funds. Jim will work with the Firm's industrials team to help source new investments and advise the funds' industrials businesses.

Jim served as founding President and CEO of Fortive from 2016 to 2025, leading the company's separation from Danaher Corporation (NYSE: DHR), growing its market capitalization from $16 billion to $25 billion and delivering safety and productivity solutions across the industrial and healthcare sectors. During his tenure, Fortive delivered strong financial results - generating annual revenues exceeding $6 billion - while executing a disciplined portfolio strategy that included the separation of Ralliant Corporation (NYSE: RAL) to sharpen the company's focus on its core markets.

"We are pleased to have Jim engaged as an Operating Advisor to CD&R funds. Jim has spent nearly three decades building and running leading global technology and industrial businesses and brings deep operational and strategic experience across key sectors that are important to our investment footprint and strategy," said CD&R CEO Nate Sleeper.

Prior to Fortive, Jim spent two decades at Danaher in senior leadership roles, most recently as Operational Executive Vice President. He held broad operating responsibility across multiple business units, led the Danaher Business System office and played an instrumental role in expanding the company's presence in Asia and the Middle East. Earlier in his career, Jim held senior positions at AlliedSignal and General Motors (NYSE: GM).

"CD&R has built a distinctive model, one that pairs rigorous investment discipline with genuine operating partnership," said Jim. "I believe that approach creates real value, and I look forward to contributing to the next phase of growth for the Firm's portfolio companies."

Jim currently sits on the boards of DuPont (NYSE: DD), Fred Hutch and PTC (NASDAQ: PTC). He holds a B.S. from the University of Michigan-Dearborn and an M.M. in General Management from Northwestern University - Kellogg School of Management.

About CD&R

Founded in 1978, CD&R is a leading private investment firm with a strategy of generating strong investment returns by building more robust and sustainable businesses through the combination of skilled investment experience and deep operating capabilities. In partnership with the management teams of its portfolio companies, CD&R takes a long-term view of value creation and emphasizes positive stewardship and impact. The firm invests in businesses that span a broad range of industries, including industrial, healthcare, consumer, technology and financial services end markets. CD&R is privately owned by its partners and has offices in New York and London. For more information, please visit www.cdr.com and follow the firm's activities through LinkedIn and @CDRBuilds on X/Twitter.

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• Industrials & Business Services