Thursday, June 13, 2024

Hexagon Strengthens Leadership Across Enterprise Asset Management and Asset Performance Management Teams

HUNTSVILLE, AL, USA, May 10, 2024 – Hexagon’s Asset Lifecycle Intelligence division today announced the addition of Tom Kurtz and Joe Nichols to senior leadership roles, reinforcing its commitment to the expansion of the company’s enterprise asset management (EAM) and asset performance management (APM) solutions. Kurtz will serve as Vice President, Portfolio Strategy for EAM; and Nichols will serve as Vice President, Portfolio Strategy for APM.

Both executives will lead the continued growth and evolution of Hexagon’s EAM and APM solutions and further Hexagon’s vision of the Smart Digital Reality™ – where all data are digitally available, in one place, in real-time, with 360-degree context combining complete line-of-sight to every situation in an ever-changing world.

Their appointments come on the heels of Hexagon’s recent acquisition of Itus Digital, a leading APM provider that complements Hexagon’s HxGN EAM platform and its broader Hexagon portfolio of solutions. APM enhances the effectiveness of an Asset Lifecycle Intelligence strategy by providing real-time data, predictive insights and optimization opportunities, ensuring that assets are managed efficiently throughout their lifecycle.

“From the most complex facilities to the simplest tasks across a broad range of industries, customers rely on HxGN EAM, and now Itus Digital’s APM solutions, to provide valuable insights across the asset lifecycle,” said Mattias Stenberg, President, Hexagon’s Asset Lifecycle Intelligence division. “The addition of Tom and Joe will provide meaningful leadership to advance our EAM and APM solutions to drive greater value for our customers. Additionally, their leadership will be essential as Hexagon builds a Smart Digital Reality where data is leveraged to unlock more insights to provide transformational improvements in safety, quality, efficiency and productivity.”

Tom Kurtz served in several leadership positions at SAP. Most recently, Kurtz was vice president, Global Solution Lead, Asset and Service Management at SAP and managed SAP’s end-to-end portfolio for its EAM and field service management solutions. Prior to SAP, Kurtz held roles at Business Objects, Bravanta and Accenture. Kurtz holds a bachelor’s degree from Santa Clara (Calif.) University.

Joe Nichols was most recently co-founder and chief executive officer of Itus Digital until its acquisition by Hexagon in April 2024. Prior to founding Itus Digital, Nichols was chief operating officer and vice president of product strategy at GE following its acquisition of Meridium in 2016. Nichols started his career at Meridium, where he was responsible for driving the creation and go-to-market strategy for its market-creating asset performance management solutions. Nichols owns a degree in management of information systems from Radford (Va.) University.

HxGN EAM is an industry-leading asset management solution designed to extend asset lifecycles and improve productivity. With more than 30 years of experience and continuous innovation, HxGN EAM, and the addition of Itus Digital’s solutions, empowers organizations to evolve from EAM to Asset Performance Management (APM).

Its wide range of risk, condition, and reliability-based maintenance instruments, and applied technologies like AI and ML can deliver accurate, trusted data and strategic insights to drive better decision-making while ensuring policy compliance.

About Hexagon

Hexagon is the global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.

Our technologies are shaping production and people related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,500 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

Nitin Patil
Nitin Patil
Editor and Director of Content, DailyCADCAM.com. Nitin completed his Master's in Mass Communication & Journalism and having 13 years of work experience as an editor, content writer with renowned international technical magazines and media companies. He is associated with CAD,CAM industry since 2008.
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