Illinois Tool Works taps Michael Larsen as new CFO

Illinois Tool Works names former Gardner Denver CFO and CEO Larsen as its new finance chief

Associated Press

GLENVIEW, Ill. (AP) -- Illinois Tool Works Inc. on Monday named former Gardner Denver and General Electric executive Michael Larsen as its new chief financial officer.

Larsen worked for GE for about 15 years. He was CFO of Gardner Denver, a maker of industrial machinery and parts, from 2010 to 2012 and served as president and CEO for about nine months. He became CFO again after Gardner Denver was acquired by private equity firm Kohlberg Kravis Roberts.

Illinois Tool Works' former CFO, Ronald Kropp, stepped down in August.

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