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Illinois Tool Works Appoints Michael Larsen, Former CEO of Gardner Denver, As CFO

Mar 28, 2024over 1 year ago

Position

Chief Financial Officer

Company

ITW

Michael Larsen
IllinoisManufacturing

Description

Illinois Tool Works has appointed Michael Larsen as its new CFO. Larsen, who previously served as CEO at Gardner Denver, brings substantial financial, operational, and senior leadership experience to ITW.

Company Information

Company

ITW

Location

Illinois, United States

About

ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $15.9 billion in 2022. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW’s approximately 46,000 dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture.

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Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
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Vendor review timeline
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