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Illinois Tool Works Inc. (ITW)

NYSE - NYSE Delayed Price. Currency in USD
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183.51-3.73 (-1.99%)
At close: 04:00PM EDT
184.47 +0.96 (+0.52%)
After hours: 04:12PM EDT
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Illinois Tool Works Inc.

155 Harlem Avenue
Glenview, IL 60025-4075
United States
847 724 7500
https://www.itw.com

Sector(s)Industrials
IndustrySpecialty Industrial Machinery
Full Time Employees45,000

Key Executives

NameTitlePayExercisedYear Born
Mr. E. Scott SantiChairman & CEO8.96M28.06M1962
Mr. Michael M. LarsenSr. VP & CFO3.66MN/A1969
Ms. Mary Katherine LawlerSr. VP & Chief HR Officer1.79M2.62M1966
Mr. Christopher A. O'HerlihyVice Chairman3.79MN/A1964
Mr. Randall J. ScheunemanVP & Chief Accounting OfficerN/AN/A1968
Ms. Karen A. FletcherVP of Investor RelationsN/AN/A1960
Ms. Jennifer Kaplan SchottSr. VP, Gen. Counsel & Sec.N/AN/A1974
Dr. Lei Zhang SchlitzExec. VP of Automotive OEMN/AN/A1967
Mr. Michael R. ZimmermanExec. VP of Polymers & FluidsN/AN/A1961
Mr. Kenneth T. EscoeExec. VP of Specialty ProductsN/AN/A1976
Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.

Corporate Governance

Illinois Tool Works Inc.’s ISS Governance QualityScore as of September 1, 2022 is 3. The pillar scores are Audit: 2; Board: 7; Shareholder Rights: 3; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.
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