Michael M. Larsen Elected Chief Financial Officer of ITW

Sep 09, 2013, 11:00 ET from Illinois Tool Works Inc.

GLENVIEW, Ill., Sept. 9, 2013 /PRNewswire/ -- Illinois Tool Works Inc. (NYSE: ITW) today announced that Michael M. Larsen has been elected senior vice president and chief financial officer by ITW's board of directors.

Mr. Larsen recently served as president and chief executive officer of Gardner Denver, Inc., a worldwide manufacturer of highly engineered products for a variety of industries. He also served as chief financial officer of Gardner Denver, and prior to that held a number of key finance roles throughout a 15-year tenure at General Electric Company. Mr. Larsen received a Bachelor of Arts degree from the American University of Paris and holds a Masters of Business Administration from Columbia University and London Business School.

"We are pleased to welcome Michael to the ITW team. Michael is a proven leader who brings considerable financial, operational, and senior leadership experience to ITW," said ITW President and Chief Executive Officer Scott Santi. "I am confident that he will be an excellent addition to ITW's executive leadership team as our CFO."   

ITW is a Fortune 200 global diversified industrial manufacturer of value added consumables and specialty equipment with related services businesses. The Company focuses on solid growth and strong returns across its worldwide platforms and businesses. The businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. ITW's adjusted revenues totaled $16.3 billion in 2012, with more than half of the revenues generated outside of the United States.

SOURCE Illinois Tool Works Inc.