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Illinois Tool Works Inc (ITW.N)

ITW.N on New York Stock Exchange

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11 Dec 2018
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Summary

Name Age Since Current Position

Ernest Santi

56 2015 Chairman of the Board, Chief Executive Officer

Christopher O'Herlihy

54 2015 Vice Chairman

Michael Larsen

49 2013 Senior Vice President, Chief Financial Officer

Mary Lawler

52 2014 Senior Vice President, Chief Human Resource Officer

John Hartnett

57 2012 Executive Vice President

Roland Martel

63 2006 Executive Vice President

Steven Martindale

61 2008 Executive Vice President

Sundaram Nagarajan

55 2010 Executive Vice President

Lei Schlitz

51 2015 Executive Vice President

Juan Valls

56 2007 Executive Vice President

Michael Zimmerman

57 2015 Executive Vice President

Norman Finch

53 2017 Senior Vice President, General Counsel, Secretary

Randall Scheuneman

50 2009 Vice President, Chief Accounting Officer

James Skinner

73 2017 Lead Independent Director

Daniel Brutto

61 2012 Independent Director

Susan Crown

59 1994 Independent Director

James Griffith

64 2012 Independent Director

Jay Henderson

62 2016 Independent Director

Richard Lenny

66 2014 Independent Director

David Smith

51 2009 Independent Director

Pamela Strobel

65 2008 Independent Director

Kevin Warren

55 2010 Independent Director

Anre Williams

52 2010 Independent Director

Biographies

Name Description

Ernest Santi

Mr. Ernest Scott Santi serves as Chairman of the Board, Chief Executive Officer of Illinois Tool Works Inc. Mr. Santi has served as Chairman of ITW since May 2015 and as Chief Executive Officer since November 2012. He served as President and Chief Executive Officer of ITW from November 2012 to May 2015 and as President and Chief Operating Officer from October to November 2012. Prior thereto, Mr. Santi served as Vice Chairman from December 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.

Christopher O'Herlihy

Mr. Christopher A. O'Herlihy is Vice Chairman of Illinois Tool Works Inc. He 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.

Michael Larsen

Mr. Michael M. Larsen is Senior Vice President, Chief Financial Officer of Illinois Tool Works Inc. Mr. Larsen joined the Company and was elected Senior Vice President and Chief Financial Officer in September 2013. 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.

Mary Lawler

Ms. Mary Katherine Lawler is Senior Vice President, Chief Human Resource Officer of Illinois Tool Works Inc. Ms. Lawler joined the Company and was elected Senior Vice President and Chief Human Resources Officer in October 2014. 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 Executive Vice President of Illinois Tool Works Inc. Mr. Hartnett was elected Executive Vice President in 2012. Prior to that, he 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 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. Mr. Martel has served in his present position since 2006.

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. Mr. Martindale has served in his present position since 2008.

Sundaram Nagarajan

Mr. Sundaram Nagarajan is Executive Vice President of Illinois Tool Works Inc. Mr. Nagarajan has served in his present position since 2010.

Lei Schlitz

Dr. Lei Zhang Schlitz is Executive Vice President of the Company. She was elected Executive Vice President in 2015. Prior to that, she held various management positions of increasing responsibility. Most recently, she served as Group President of the food equipment businesses since 2011.

Juan Valls

Mr. Juan Valls is Executive Vice President of Illinois Tool Works Inc. Mr. Valls has served in his present position since 2007.

Michael Zimmerman

Mr. Michael R. Zimmerman is Executive Vice President of Illinois Tool Works Inc. Mr. Zimmerman was elected Executive Vice President in 2015. Prior to that, he held various management positions of increasing responsibility. Most recently, he served as Group President of the welding businesses since 2010.

Norman Finch

Mr. Norman D. Finch Jr. serves as Senior Vice President, General Counsel, Secretary of the Company. He joined the Company in January 2017 and was elected Senior Vice President, General Counsel and Secretary in February 2017. From 2013 to January 2017 he served as Vice President, General Counsel and Secretary of Sealed Air Corporation, a global manufacturer of products related to food safety and security, facility hygiene and product protection. Prior thereto, he served as Vice President, Associate General Counsel and Chief Compliance Officer of Zimmer Holdings, Inc. (now Zimmer Biomet Holdings), a global medical device company.

Randall Scheuneman

Mr. Randall J. Scheuneman is Vice President, Chief Accounting Officer of Illinois Tool Works Inc. 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. Mr. Scheuneman has served in his present position since 2009.

James Skinner

Mr. James A. Skinner serves as Lead Independent Director of the Company. Mr. Skinner 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 the Board of Walgreens Boots Alliance, Inc., and previously served as a director of Hewlett-Packard Company and McDonald’s Corporation. He has served as a director of ITW since 2005 and currently serves as our Lead Director. He has not served as a director of any other publicly traded company in the last five years.

Daniel Brutto

Mr. Daniel J. Brutto serves as Independent Director of Illinois Tool Works Inc. Mr. Brutto 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, in 2013, having served in these capacities for six years. From 2016 to 2017, he served as Executive Chairman of Radial, Inc., a global fulfillment, customer care and omnichannel technology company, from 2015 to 2016 he served as Vice Chairman of eBay Enterprise/Innotrac, the predecessor business to Radial, and prior to 2015 he served as a director of Innotrac. Prior to his retirement from UPS, 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 in various areas with increasing levels of responsibility, including operations, finance, information systems, mergers & acquisitions, marketing, business development and international. He has served as a director of ITW since 2012 and currently serves as a director of Sysco Corporation. 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 serves as Independent Director of Illinois Tool Works Inc. She has served as Chairman and CEO of Owl Creek Partners, LLC, a private equity firm, since 2008. She is also the founder of Susan Crown Exchange Inc., a social investment organization. She served two terms as a Fellow of the Yale Corporation, and is currently a Vice Chair of Rush University Medical Center and a director of CARE USA. From 1984 to 2015, Ms. Crown served as Vice President of Henry Crown and Company, a business with diversified investments. She has served as a director of ITW since 1994 and currently serves as a director of Northern Trust Corporation. She has not served as a director of any other publicly traded company in the last five years. Ms. Crown’s experience includes executive experience in diversified manufacturing, cellular phone, home furnishings and real estate businesses.

James Griffith

Mr. James W. Griffith serves as Independent Director of Illinois Tool Works Inc. Mr. Griffith 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, 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. He has not served as a director of any other publicly traded company in the last five years. He also previously served as a director of the US-China Business Council and a number of other industry and not-for-profit organizations.

Jay Henderson

Mr. Jay L. Henderson serves as Independent Director of the Company. Mr. Henderson retired as Vice Chairman, Client Service of PricewaterhouseCoopers LLP (“PwC”), a global professional services firm, 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. During his career at PwC, Mr. Henderson gained significant experience working with the boards and audit committees of Fortune 500 companies and has managed major client relationships across multiple markets and industry sectors. Mr. Henderson has been a Certified Public Accountant since 1977. He was elected to the Board of ITW in August 2016 and currently serves as a director of The J.M. Smucker Company, where he serves as the Chairman of the Audit Committee, and Northern Trust Corporation. He has not served as a director of any other publicly traded company in the last five years. Mr. Henderson also has significant expertise as a participating board member of a number of professional, civic and not-for-profit organizations.

Richard Lenny

Mr. Richard H. Lenny serves as Independent Director of Illinois Tool Works Inc. He 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 until July 2016. 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 has served as a director of ITW since 2014 and currently serves as a director of Discover Financial Services, ConAgra Brands, Inc. and McDonald’s Corporation. He has not served as a director of any other publicly traded company in the last five years.

David Smith

Mr. David Byron Smith, Jr., serves as Independent Director of Illinois Tool Works Inc. Mr. Smith 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. He has served as a director of ITW since 2009 and currently serves as a director of Northern Trust Corporation. He has not served as a director of any other publicly traded company in the last five years. Mr. Smith is a nephew of Mr. Harold B. Smith, an emeritus director of ITW.

Pamela Strobel

Ms. Pamela B. Strobel serves as 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 thereto, she served as Executive Vice President of Unicom and its chief subsidiary, ComEd, having joined ComEd as General Counsel in 1993. Ms. Strobel has served as a director of ITW since 2008 and is currently a director of Domtar Corporation and State Farm Mutual Automobile Insurance Company. She has not served as a director of a publicly-traded company other than Domtar and ITW in the last five years.

Kevin Warren

Mr. Kevin M. Warren is Independent Director of Illinois Tool Works Inc. Mr. Warren has been the Chief Commercial Officer of Xerox Corporation, a global business services, technology and document management company, since January 2017. Previously, he served in a number of executive positions at Xerox Corporation, including as President, Commercial Business Group, from 2016 to 2017; President, Industrial, Retail and Hospitality Business Group from 2015 to 2016; President of Strategic Growth Initiatives from 2014 to 2015; and President, U.S. Client Operations from 2010 to 2014. Since 1984, Mr. Warren held a number of positions at Xerox with increasing levels of responsibility, including 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, for the 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 Independent Director of Illinois Tool Works Inc. He has been President, Global Merchant Service & Loyalty Group, of American Express Company, a global financial services company, since October 2015. From 2011 to 2015, Mr. Williams was President, Global Merchant Services, and from 2007 to 2011, he was President, Global Commercial Card. 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.