About

Mark Okerstrom has served as Senior Vice President, Chief Financial Officer of Fortive since March 2025. Prior to joining Fortive, he served as an advisor at Bain & Company from April 2024 to March 2025 and as an advisor at Advent International from November 2024 to March 2025.

He served as President and Chief Operating Officer of Convoy, Inc. from August 2020 to October 2023, and before that held various roles at Expedia Group, Inc. from 2006 to 2019, including as Chief Executive Officer, President, Chief Financial Officer, Executive Vice President of Operations, and Senior Vice President of Corporate Development.

Roles

Fortive Corp.
Senior Vice President, Chief Financial Officer · Current role
2025–present
Bain & Company
External Advisor · A leading management consulting firm; served from April 2024 to March 2025.
2024 – 2025
Advent International
External Advisor · A leading global private equity investment firm; served from November 2024 to March 2025.
2024 – 2025
Convoy, Inc.
President and Chief Operating Officer · A digital freight network solutions provider; served from August 2020 to October 2023.
2020 – 2023
Expedia Group, Inc.
Chief Executive Officer; President; Chief Financial Officer; EVP of Operations; SVP of Corporate Development · An online travel company. Served in various executive officer and director roles: President, Chief Executive Officer and director from August 2017 to December 2019; Chief Financial Officer from September 2011 to August 2017; Chief Financial Officer and Executive Officer of Operations from August 2014 to August 2017; and Vice President then Senior Vice President of Corporate Development from October 2006 to September 2011.
2006 – 2019

Fixed Compensation

FY 2025
Salary
$600,000
ComponentAnnual base salary
Bonus
$1,250,000
All other compensation
$163,000
Total compensation
$21,413,439

Performance Compensation

Data from FY 2025

Cash incentive

Annual cash incentive
$1,036,000
FormCash
Target Opportunity
PlanExecutive Incentive Compensation Plan
Evaluation periodFY2025

Stock awards

Stock awards
$13,664,653
FormPSUs and RSUs under 2016 Stock Incentive Plan
ValuationGrant date fair value (ASC 718)

Also at Fortive Corp.

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