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United States

Illinois Tool Works Inc (ITW)

ITW on New York Consolidated

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23 Sep 2016
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Summary

Name Age Since Current Position

Ernest Santi

54 2015 Chairman of the Board, Chief Executive Officer

Christopher O'Herlihy

52 2015 Vice Chairman of the Board

David Parry

62 2010 Vice Chairman

Michael Larsen

47 2013 Senior Vice President, Chief Financial Officer

Mary Lawler

50 2014 Senior Vice President, Chief Human Resource Officer

John Hartnett

56 2012 Executive Vice President

Roland Martel

61 2006 Executive Vice President

Steven Martindale

59 2008 Executive Vice President

Sundaram Nagarajan

53 2010 Executive Vice President

Lei Schlitz

49 2015 Executive Vice President

Juan Valls

54 2007 Executive Vice President

Michael Zimmerman

55 2015 Executive Vice President

Randall Scheuneman

48 2009 Vice President, Chief Accounting Officer

Robert Morrison

74 2015 Lead Independent Director

Jay Henderson

60 2016 Director

Daniel Brutto

59 2012 Independent Director

Susan Crown

57 1994 Independent Director

James Griffith

62 2012 Independent Director

Richard Lenny

64 2014 Independent Director

James Skinner

71 2005 Independent Director

David Smith

49 2009 Independent Director

Pamela Strobel

63 2008 Independent Director

Kevin Warren

53 2010 Independent Director

Anre Williams

50 2010 Independent Director

Aaron Hoffman

Vice President - Investor

Biographies

Name Description

Ernest Santi

Mr. Ernest Scott Santi is the Chairman of the Board, Chief Executive Officer of Illinois Tool Works Inc. He was elected Chairman of the Board in 2015 after having served as President and Chief Executive Officer, as well as a director, since November 2012. In October 2012, he was elected President and Chief Operating Officer. Mr. Santi served as Vice Chairman from 2008 to October 2012 and Executive Vice President from October 2004 to December 2008. He has served as a director of ITW since November 2012 and currently serves as a director of W.W. Grainger, Inc. He has not served as a director of any other publicly traded company in the last five years. Mr. Santi also has significant experience as a participating board member of a number of professional and not-for-profit organizations.

Christopher O'Herlihy

Mr. Christopher A. O'Herlihy is the Vice Chairman of the Board of Illinois Tool Works Inc. Mr. O’Herlihy was elected Vice Chairman in 2015. Prior to that, he served as Executive Vice President from 2010 to 2015. He joined the Company in 1989 and has held various operational, management and leadership positions of increasing responsibility. Most recently, he served as Group President within the food equipment businesses.

David Parry

Mr. David C. Parry is no longer Vice Chairman of Illinois Tool Works Inc., effective April 2017. He joined the Company in 1994 and has held management positions in the performance polymers businesses. Mr. Parry joined ITW in 1994 as general manager of ITW Devcon following a 17-year career with a U.K. chemical company. After several roles, including group president of performance polymers, he was named executive vice president in 2006 with responsibility for the global polymers & fluids businesses. He holds a series of advanced degrees in chemistry from Manchester University.

Michael Larsen

Mr. Michael M. Larsen is the Senior Vice President, Chief Financial Officer of Illinois Tool Works Inc. From October 2010 to August 2013, he served as Vice President and Chief Financial Officer of Gardner Denver, Inc., a global manufacturer of highly engineered compressors, blowers, pumps and other fluid transfer equipment. In addition, he served as interim CEO of Gardner Denver from July 2012 to November 2012, and as President, Chief Executive Officer and a director of that company from November 2012 to July 2013. Prior to joining Gardner Denver, he was Chief Financial Officer at General Electric Water & Process Technologies, a global provider of water treatment and process solutions. His previous experience includes more than 15 years with General Electric, where he held a number of global finance leadership roles with increasing responsibility.

Mary Lawler

Ms. Mary Katherine Lawler is the Senior Vice President, Chief Human Resource Officer of Illinois Tool Works Inc. From June 2013 to October 2014, she served as Executive Vice President, Human Resources, at GATX Corporation, a rail car leasing company. Prior to that, she served as Senior Vice President, Human Resources, at GATX Corporation, from May 2008 to May 2013.

John Hartnett

Mr. John R. Hartnett is the Executive Vice President of Illinois Tool Works Inc. Mr. Hartnett joined Signode in 1980, which was acquired by ITW in 1986, and has held various management positions of increasing responsibility. Most recently, he served as Group President of the Automotive Aftermarket businesses.

Roland Martel

Mr. Roland M. Martel is the Executive Vice President of Illinois Tool Works Inc. He joined the Company in 1994 and has held management positions in the automotive and metal components businesses.

Steven Martindale

Mr. Steven L. Martindale is the Executive Vice President of Illinois Tool Works Inc. Prior to joining the Company in 2005 as President of the test and measurement businesses, he was Chief Financial Officer and Chief Operating Officer of Instron.

Sundaram Nagarajan

Mr. Sundaram Nagarajan is the Executive Vice President of Illinois Tool Works Inc. He joined the Company in 1991 and has held various engineering and management positions in the welding businesses. Most recently, he served as Group President within the welding businesses.

Lei Schlitz

Dr. Lei Zhang Schlitz is Executive Vice President of the company. Dr. Schlitz was elected Executive Vice President in 2015. She joined the Company in 2008 and has held various operational, management and leadership positions of increasing responsibility. Most recently, she served as Group President of the food equipment businesses since 2011.

Juan Valls

Mr. Juan Valls is the Executive Vice President of Illinois Tool Works Inc. Prior to this, he was Vice President and General Manager of ITW Delfast International. He joined the Company in 1989 and has held management positions in the European automotive businesses.

Michael Zimmerman

Mr. Michael R. Zimmerman is the Executive Vice President of Illinois Tool Works Inc. He joined Permatex in 1999, which was acquired by ITW in 2005, and has held various management positions of increasing responsibility. Most recently, he served as Group President within the welding businesses.

Randall Scheuneman

Mr. Randall J. Scheuneman is the Vice President, Chief Accounting Officer of Illinois Tool Works Inc. Prior to joining the Company in 2009, he held several financial leadership positions at W.W. Grainger, Inc., including Vice President, Finance, for the Lab Safety Supply business from 2006 to 2009, and Vice President, Internal Audit, from 2002 to 2006. He was appointed Principal Accounting Officer in 2009.

Robert Morrison

Mr. Robert S. Morrison is Lead Independent Director of the company. He served as Non-Executive Chairman of the Board of Illinois Tool Works Inc., between 2012 to 2015. He retired as Vice Chairman of PepsiCo, Inc., a beverage and food products company, having served in that position from 2001 to 2003. From 1997 to 2001, prior to its merger with PepsiCo, he was Chairman, President and Chief Executive Officer of The Quaker Oats Company. He also served as interim Chairman and Chief Executive Officer of 3M Company from June to December 2005. Mr. Morrison is currently a director of Aon Corporation, and was formerly a director of 3M Company and The Tribune Co. He has served as a director of ITW since 2003 and currently serves as ITW’s non-executive Chairman.

Jay Henderson

Mr. Jay L. Henderson is Director of the Company. He retired as Vice Chairman, Client Service of PricewaterhouseCoopers LLP (“PwC”) in June 2016, having served in that capacity since 2007. Previously, he served as PwC’s Greater Chicago Market Managing Partner from 2003 to 2013 and Managing Partner of the Cleveland Office from 1993 to 2002. He is also a director of Northern Trust Corporation and has been nominated to stand for election as a director of The J.M. Smucker Company at the company’s annual meeting of shareholders on August 17, 2016. Mr. Henderson has been appointed to the Audit and Corporate Governance & Nominating Committees of the Company.

Daniel Brutto

Mr. Daniel J. Brutto is an Independent Director of Illinois Tool Works Inc. He retired as President of UPS International and Senior Vice President of United Parcel Service, Inc., a global package delivery, supply chain management and freight forwarding company, having served in these capacities from January 2008 to June 2013. Previously, he served as President, Global Freight Forwarding, for UPS from 2006 to 2007, and corporate controller from 2004 to 2006. Mr. Brutto had over 38 years of experience at UPS, serving over the years in various areas with increasing levels of responsibility, including operations, finance, information systems, mergers & acquisitions, marketing, business development and international. Mr. Brutto is currently a Director of Innotrac Corporation, a privately held global fulfillment, customer care and technology company, and has served as a director of ITW since 2012. He has not served as a director of any other publicly-traded company in the last five years. In the past, Mr. Brutto served on the board of the US-China Business Council, the Guangdong Economic Council, and the Turkey Economic Advisory Council. He was also a delegate to the World Economic Forum, Davos, Switzerland, from 2009 to 2013.

Susan Crown

Ms. Susan Crown is an Independent Director of Illinois Tool Works Inc. Ms. Crown is the Chairman and CEO of Owl Creek Partners, LLC, a private equity firm, and Founder of Susan Crown Exchange Inc., a social investment organization. She served two terms as a Fellow of the Yale Corporation, is currently a Vice Chair of Rush University Medical Center, a director of CARE USA and Chicago’s Navy Pier. From 1984 to 2015, Ms. Crown served as Vice President of Henry Crown and Company, a business with diversified investments. Ms. Crown is currently a director of Northern Trust Corporation and its subsidiary, The Northern Trust Company. Ms. Crown has served as a director of ITW since 1994. Ms. Crown’s experience includes executive experience in diversified manufacturing, cellular phone, home furnishings and real estate businesses.

James Griffith

Mr. James W. Griffith is an Independent Director of Illinois Tool Works Inc. He retired as President and Chief Executive Officer of The Timken Company, a manufacturer of bearings, alloy and specialty steels and components, having served in that capacity from 2002 to 2014. Previously, he served as President and Chief Operating Officer from 1999 to 2002. Mr. Griffith joined Timken in 1984, and held positions in various functional areas of Timken with increasing levels of responsibility, including purchasing and logistics, manufacturing and international operations. From 1996 to 1999, he led Timken’s automotive business in North America and Timken’s bearing business activities in Asia and Latin America. Prior to joining Timken, he held production and engineering positions at Martin Marietta, Bunker Hill Company and Homestake Mining Company. Mr. Griffith is currently a director of AB Volvo Sweden, a commercial transport solutions company, and has served as a director of ITW since 2012. He previously served as a director of The Timken Company and Goodrich Corporation, as well as a director of the US-China Business Council and a number of other industry and not-for-profit organizations.

Richard Lenny

Mr. Richard H. Lenny is an Independent Director of Illinois Tool Works Inc. Mr. Lenny has served as non-executive Chairman of Information Resources, Inc., a privately held producer of market and shopper information, since 2013. He served as an operating partner with Friedman Fleischer & Lowe LLC, a private equity firm, from 2011 to August 2014, at which time he became a senior advisor. From 2001 through 2007 he served as Chairman, President and Chief Executive Officer of The Hershey Company, a manufacturer, distributor and marketer of candy, snacks and candy-related grocery products. From 1998 to 2000 he served as President, Nabisco Biscuit Company, and prior thereto he was President of Pillsbury, North America. He is also a director of Discover Financial Services, ConAgra Foods, Inc. and McDonald’s Corporation. Mr. Lenny has served as a director of ITW since 2014.

James Skinner

Mr. James A. Skinner is an Independent Director of Illinois Tool Works Inc. He retired as Vice Chairman and Chief Executive Officer of McDonald’s Corporation, a global restaurant chain, having served in those positions from 2004 to June 2012. Previously, Mr. Skinner served as Vice Chairman from 2003 to 2004; as President and Chief Operating Officer of McDonalds’ Restaurant Group from February 2002 to December 2002; as President and Chief Operating Officer of McDonald’s-Europe, Asia/Pacific, Middle East and Africa from 2001 to 2002; and as President of McDonald’s-Europe from 1997 to 2001. Mr. Skinner is currently the Executive Chairman of Walgreens Boots Alliance, and previously served as a director of Hewlett-Packard Company and McDonald’s Corporation. He has served as a director of ITW since 2005.

David Smith

Mr. David B. Smith, Jr., is an Independent Director of Illinois Tool Works Inc. He has served as Executive Vice President for Policy & Legal Affairs and General Counsel of Mutual Fund Directors Forum, a not-for-profit membership organization for independent investment company directors and an advocate on important policy matters, since 2005. From 1996 to 2005, Mr. Smith held several positions with increasing levels of responsibility at the Securities and Exchange Commission, serving as Associate Director, Division of Investment Management, from 2001 to 2005. Mr. Smith is currently a director of Northern Trust Corporation and its subsidiary, The Northern Trust Company, and has not served as a director of any other publicly-traded company in the last five years. Mr. Smith has served as a director of ITW since 2009.

Pamela Strobel

Ms. Pamela B. Strobel is an Independent Director of Illinois Tool Works Inc. Ms. Strobel retired as Executive Vice President and Chief Administrative Officer of Exelon Corporation and President of Exelon Business Services Company, an electric and gas utility company, in October 2005, a position she had held since 2003, previously serving as Chairman and Chief Executive Officer of Exelon Energy Delivery from 2000 to 2003. Prior to that, she served as Executive Vice President of Unicom and its chief subsidiary, ComEd, having joined ComEd as General Counsel in 1993. Ms. Strobel is currently a director of Domtar Corporation and State Farm Mutual Automobile Insurance Company. Ms. Strobel has served as a director of ITW since 2008.

Kevin Warren

Mr. Kevin M. Warren is an Independent Director of Illinois Tool Works Inc. Mr. Warren has been the President, Industrial, Retail and Hospitality Business Group for Xerox Corporation, a global business services, technology and document management company, since January 2015. Since 1984, Mr. Warren has held a number of positions at Xerox with increasing levels of responsibility, including serving as President of Strategic Growth Initiatives for Xerox Corporation from January 2014 to January 2015; President of U.S. Client Operations for Xerox Corporation from June 2010 to December 2013; Chairman, President and Chief Executive Officer of Xerox Canada from 2007 to 2010; Senior Vice President, Acquisition Transition Office in 2007; and Senior Vice President, U.S. Eastern Sales, U.S. Solutions Group from 2004 to 2007. He also serves as a director of a number of professional, civic and not-for-profit organizations. Mr. Warren has served as a director of ITW since 2010 and has not served as a director of any other publicly-traded company in the last five years.

Anre Williams

Mr. Anre D. Williams is an Independent Director of Illinois Tool Works Inc. He has been President, Global Merchant Service & Loyalty Group, of American Express Company, a global services company, since October 2015. From 2011 to 2015, Mr. Williams was President, Global Merchant Services. From 2007 to 2011, Mr. Williams was President, Global Commercial Card, of American Express. From 1989 to 2007, Mr. Williams held several positions at American Express, serving as Executive Vice President, U.S. Commercial Card, from 2003 to 2007; Senior Vice President, U.S. Middle Market, from 2000 to 2003; Vice President and General Manager, Western Region, Corporate Services, from 1999 to 2000; and Vice President, Acquisition and Advertising, from 1996 to 1999. Mr. Williams has served as a director of ITW since 2010 and is a former director of Ryerson Inc. Mr. Williams has not served as a director of any other publicly-traded company in the last five years.

Aaron Hoffman