People: Illinois Tool Works Inc (ITW.N)
ITW.N on New York Stock Exchange
71.16USD
21 May 2013
71.16USD
21 May 2013
Price Change (% chg)
$0.16 (+0.23%)
$0.16 (+0.23%)
Prev Close
$71.00
$71.00
Open
$71.17
$71.17
Day's High
$71.60
$71.60
Day's Low
$70.86
$70.86
Volume
537,466
537,466
Avg. Vol
579,819
579,819
52-wk High
$71.60
$71.60
52-wk Low
$49.07
$49.07
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Robert Morrison |
70 | 2012 | Non-Executive Chairman of the Board |
Ernest Santi |
51 | 2012 | President, Chief Executive Officer, Director |
David Parry |
59 | 2010 | Vice Chairman |
Ronald Kropp |
47 | 2006 | Chief Financial Officer, Senior Vice President |
Timothy Gardner |
57 | 2009 | Executive Vice President |
John Hartnett |
52 | 2012 | Executive Vice President |
Craig Hindman |
58 | 2004 | Executive Vice President |
Roland Martel |
58 | 2006 | Executive Vice President |
Steven Martindale |
56 | 2008 | Executive Vice President |
Sundaram Nagarajan |
50 | 2010 | Executive Vice President |
Christopher O'Herlihy |
49 | 2010 | Executive Vice President |
Juan Valls |
51 | 2007 | Executive Vice President |
Jane Warner |
66 | 2007 | Executive Vice President |
Maria Green |
60 | 2012 | Senior Vice President, General Counsel, Secretary |
Sharon Brady |
62 | 2006 | Senior Vice President - Human Resources |
Randall Scheuneman |
45 | 2009 | Vice President, Chief Accounting Officer |
Daniel Brutto |
56 | 2012 | Independent Director |
Susan Crown |
54 | 1994 | Independent Director |
Don Davis |
73 | 2000 | Independent Director |
James Griffith |
59 | 2012 | Independent Director |
Robert McCormack |
73 | 1978 | Independent Director |
James Skinner |
2005 | Independent Director | |
David Smith |
46 | 2009 | Independent Director |
Pamela Strobel |
60 | 2008 | Independent Director |
Kevin Warren |
50 | 2010 | Independent Director |
Anre Williams |
47 | 2010 | Independent Director |
Biographies
| Name | Description |
|---|---|
Robert Morrison |
Mr. Robert S. Morrison is Non-Executive Chairman of the Board of Illinois Tool Works Inc. 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. Mr. Morrison was Chairman and CEO of Kraft, Inc. from 1994 to 1997. 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 3M Company and Aon Corporation and was formerly a director of The Tribune Co. Mr. Morrison has served as a director of ITW since 2003 and currently serves as lead director. |
Ernest Santi |
Mr. Ernest Scott Santi is President, Chief Executive Officer, Director of Illinois Tool Works Inc. He has been appointed as Chief Executive Officer and Director of the company, effective November 18, 2012. Mr. Santi joined ITW in 1983 and has spent his entire career with the Company. He was elected as Executive Vice President in 2004 and Vice Chairman in 2008. He also serves as a director of W.W. Grainger, Inc. Mr. Santi graduated from the University of Illinois in 1983 with a B.S. degree in accounting, and received a Masters in Business Administration from the JL Kellogg School of Business at Northwestern University in 1992. |
David Parry |
Mr. David C. Parry is Vice Chairman of Illinois Tool Works Inc. 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. |
Ronald Kropp |
Mr. Ronald D. Kropp is no longer Chief Financial Officer, Senior Vice President of Illinois Tool Works Inc., effective August 9, 2013. He joined the Company in 1993. He has held financial management positions and was appointed as Vice President and Controller, Financial Reporting in 2002 and was designated Principal Accounting Officer in 2005. |
Timothy Gardner |
Mr. Timothy J. Gardner is Executive Vice President of Illinois Tool Works Inc. He joined the Company in 1997 and has held sales and management positions in the consumer packaging businesses. He served as Group President of the consumer packaging businesses. He holds a Bachelor of Science in Accounting from Bucknell University and an Master of Business Administration from Farleigh Dickinson University. |
John Hartnett |
Mr. John R. Hartnett is Executive Vice President of Illinois Tool Works Inc. Mr. Hartnett has 32 years of experience in a variety of ITW businesses. Most recently, Mr. Hartnett served as Group President of the Automotive Aftermarket businesses. Prior to that, he held a series of management and engineering roles for numerous businesses in Industrial Packaging. He holds a B.S. in mechanical engineering from Marquette University and an MBA from Northwestern University. |
Craig Hindman |
Mr. Craig A. Hindman is Executive Vice President of Illinois Tool Works Inc. He joined the Company in 1976 and has held sales, marketing and general management positions with the construction products businesses. |
Roland Martel |
Mr. Roland M. Martel is 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 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 Executive Vice President of Illinois Tool Works Inc. He is responsibility for the Company's global welding businesses. He has been with ITW for 19 years and has held a series of engineering and management roles within the Company's welding businesses. He served as group president, welding international. He holds a B.S. from South Gujarat University, India, a M.S. and Ph.D. from Auburn University and an MBA from Wright State University. |
Christopher O'Herlihy |
Mr. Christopher O'Herlihy is Executive Vice President of Illinois Tool Works Inc. He has been with ITW for 21 years and has held a series of operational, management, and leadership roles of increasing responsibility. Most recently, he served as president, worldwide food equipment group. He holds an undergraduate degree from University College Cork in Ireland and a master's degree from the University of Massachusetts. |
Juan Valls |
Mr. Juan Valls is 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. |
Jane Warner |
Ms. Jane L. Warner is Executive Vice President of Illinois Tool Works Inc. Prior to joining the Company in 2005 as President of worldwide finishing businesses, she was President of Plexus Systems and a Vice President of EDS. |
Maria Green |
Ms. Maria C. Green is Senior Vice President, General Counsel, Secretary of Illinois Tool Works Inc. She served as deputy general counsel for ITW. In her 14-year tenure at the Company, Green has worked on numerous acquisitions and helped manage litigation. Prior to joining ITW, Green held several in-house counsel positions and practiced at a law firm in Washington, D.C. She earned a bachelor of arts from the University of Pennsylvania and a juris doctorate degree from Boston University. She joined the Company in 1997 as an Associate General Counsel and Assistant Secretary, became Deputy General Counsel and Assistant Secretary in 2008, and was elected Vice President, General Counsel & Secretary in August 2011. |
Sharon Brady |
Ms. Sharon M. Brady is Senior Vice President - Human Resources of Illinois Tool Works Inc. Prior to joining the Company in 2006, she was Vice President and Chief Human Resource Officer of Snap-On Inc. |
Randall Scheuneman |
Mr. Randall J. Scheuneman is 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. |
Daniel Brutto |
Mr. Daniel J. Brutto is an Independent Director of Illinois Tool Works Inc. He has served as Senior Vice President of United Parcel Service, Inc., a global package delivery, supply chain management and freight forwarding company, and President of UPS International since January 2008 and has announced his plan to retire from these positions at the end of April 2013. Previously he served as President, Global Freight Forwarding, for UPS from 2006 to 2007, and corporate controller from 2004 to 2006. Mr. Brutto has over 38 years of experience at UPS, serving over the years in various functional areas with increasing levels of responsibility, including operations, finance, information systems, mergers & acquisitions, marketing, business development and international. Mr. Brutto was elected as a director of ITW in February 2012 and has not served as a director of any other publicly traded company in the last five years. Mr. Brutto serves on the boards of various civic and not-for-profit organizations. In addition, he serves on the board of the US-China Business Council, and in the past he has served on the Guangdong Economic Council, the Turkish Economic Council and as a delegate to the World Economic Forum, Davos, Switzerland. |
Susan Crown |
Ms. Susan Crown is an Independent Director of Illinois Tool Works Inc. Ms. Crown has served as Vice President of Henry Crown and Company, a business with diversified investments, since 1984. Ms. Crown is 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. 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. She has experience with civic and not-for-profit organizations, having served on the boards of many such organizations and having received a number of awards for her distinguished civic service. |
Don Davis |
Mr. Don H. Davis, Jr., is an Independent Director of Illinois Tool Works Inc. Mr. Davis retired as Chairman of the Board of Rockwell Automation, Inc., a global provider of industrial automation power, control and information products and services, in February 2005, a position he had held since 1998. From 1997 to 2005, he served as Rockwell’s Chief Executive Officer. Mr. Davis is not a director of any publicly traded company other than ITW; however, he was formerly a director of Ciena Corporation, Journal Communications, Inc. and Rockwell Automation, Inc. Mr. Davis has served as a director of ITW since 2000. In addition to his experience as chief executive officer of a global industrial manufacturing company, Mr. Davis has an background in mechanical engineering. He has years of experience on public company boards, as well as on the boards of civic and other not-for-profit organizations. |
James Griffith |
Mr. James W. Griffith is an Independent Director of Illinois Tool Works Inc. He has served as President and Chief Executive Officer of The Timken Company, a manufacturer of bearings, alloy and specialty steels and components, since 2002, and served as President and Chief Operating Officer from 1999 to 2002. Mr. Griffith joined Timken in 1984, and has held positions in functional areas of Timken with 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 The Timken Company and Goodrich Corporation and was elected as a director of ITW in March 2012. He served as a director of Goodrich Corporation until July 2012. He also serves on the board of the US-China Business Council and a number of other industry and not-for-profit organizations. |
Robert McCormack |
Mr. Robert C. McCormack is an Independent Director of Illinois Tool Works Inc. Mr. McCormack is an Advisory Director of Trident Capital, Inc., a venture capital firm, and was a Partner of Trident from 1993 to 2004. From 1987 to 1993, Mr. McCormack served successively as Deputy Under Secretary of Defense and Assistant Secretary of the Navy (Finance and Comptroller). Within the past five years, Mr. McCormack was a director of MeadWestvaco Corporation, Northern Trust Corporation and its subsidiary, The Northern Trust Company, and DeVry Inc. Mr. McCormack has served as a director of ITW since 1993 and previously served as a director of ITW from 1978 through 1987. Mr. McCormack’s experience in the investment banking industry and private equity investment, in addition to his service in the Navy, where he was responsible for the operating financial systems throughout the United States Department of the Navy, has given him experience in managing complex financial systems. He also has experience as a director of other cap public companies, as well as financial institutions. |
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 McDonald’s 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 non-executive Chairman of Walgreen Co. and a director of McDonald’s Corporation. He has served as a director of ITW since 2005. He has not served as a director of any other publicly traded company in the last five years. |
David Smith |
Mr. David H. B. Smith 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 at the Securities and Exchange Commission serving as Associate Director, Division of Investment Management, from 2001 to 2005; Assistant General Counsel for Investment Management, Office of the General Counsel, from 1998 to 2001; and Attorney, Office of the General Counsel, from 1996 to 1998. 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 a director of Domtar Corporation and State Farm Mutual Automobile Insurance Company and was formerly a director of Sabre Holdings Corporation. 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 served as President of U.S. Client Operations for Xerox Corporation since June 2010. Since 1984, Mr. Warren has held several positions at Xerox with increasing levels of responsibility, including serving as 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. Mr. Warren was elected as a director of ITW in August 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 Services, of American Express Company since 2011. 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 was elected as a director of ITW in August 2010 and is not a director of any other publicly traded company; however, he was formerly a director of Ryerson Inc. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Robert Morrison |
-- |
Ernest Santi |
4,177,980 |
David Parry |
4,027,690 |
Ronald Kropp |
3,400,920 |
Timothy Gardner |
-- |
John Hartnett |
-- |
Craig Hindman |
2,766,190 |
Roland Martel |
2,608,480 |
Steven Martindale |
-- |
Sundaram Nagarajan |
-- |
Christopher O'Herlihy |
-- |
Juan Valls |
-- |
Jane Warner |
-- |
Maria Green |
-- |
Sharon Brady |
-- |
Randall Scheuneman |
-- |
Daniel Brutto |
-- |
Susan Crown |
-- |
Don Davis |
-- |
James Griffith |
-- |
Robert McCormack |
-- |
James Skinner |
-- |
David Smith |
-- |
Pamela Strobel |
-- |
Kevin Warren |
-- |
Anre Williams |
-- |
As Of 30 Dec 2012
Options Compensation
| Name | Options | Value |
|---|---|---|
Robert Morrison |
0 | 0 |
Ernest Santi |
140,000 | 1,367,620 |
David Parry |
15,000 | 379,314 |
Ronald Kropp |
69,933 | 731,203 |
Timothy Gardner |
0 | 0 |
John Hartnett |
0 | 0 |
Craig Hindman |
130,000 | 1,830,510 |
Roland Martel |
36,700 | 653,814 |
Steven Martindale |
0 | 0 |
Sundaram Nagarajan |
0 | 0 |
Christopher O'Herlihy |
0 | 0 |
Juan Valls |
0 | 0 |
Jane Warner |
0 | 0 |
Maria Green |
0 | 0 |
Sharon Brady |
0 | 0 |
Randall Scheuneman |
0 | 0 |
Daniel Brutto |
0 | 0 |
Susan Crown |
0 | 0 |
Don Davis |
0 | 0 |
James Griffith |
0 | 0 |
Robert McCormack |
0 | 0 |
James Skinner |
0 | 0 |
David Smith |
0 | 0 |
Pamela Strobel |
0 | 0 |
Kevin Warren |
0 | 0 |
Anre Williams |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
HINDMAN CRAIG A |
80,000 | $51.60 |
HINDMAN CRAIG A |
80,000 | $69.36 |
STROBEL PAMELA B |
1,597 | $65.71 |
MCCORMACK ROBERT C |
1,597 | $65.71 |
GRIFFITH JAMES W |
1,597 | $65.71 |
WARREN KEVIN M |
1,853 | $65.71 |
MORRISON ROBERT S |
4,050 | $65.71 |
DAVIS DON H JR |
2,110 | $65.71 |
WILLIAMS ANRE D |
2,110 | $65.71 |
BRUTTO DANIEL J |
1,853 | $65.71 |
SKINNER JAMES ALAN |
2,186 | $65.71 |
CROWN SUSAN |
1,597 | $65.71 |
SMITH DAVID H BYRON JR |
1,597 | $65.71 |
HINDMAN CRAIG A |
80,000 | $48.51 |
HINDMAN CRAIG A |
80,000 | $64.91 |
KROPP RONALD D |
1,268 | $65.36 |
KROPP RONALD D |
24,499 | $55.71 |
HARTNETT JOHN R |
6,000 | $65.70 |
HARTNETT JOHN R |
6,000 | $47.13 |
HINDMAN CRAIG A |
55,557 | $65.23 |
HINDMAN CRAIG A |
55,557 | $43.64 |
KROPP RONALD D |
24,499 | $65.70 |
HARTNETT JOHN R |
6,000 | $65.70 |
HARTNETT JOHN R |
6,000 | $42.08 |
KROPP RONALD D |
45,401 | $55.81 |

