CEO Today USA Awards

CEO Today USA Awards 2019 www.ceotodaymagazine.com - I L L I N O I S - 49 ILLINOIS TOOL WORKS Since our founding more than 100 years ago, ITW has become one of the world’s leading diversified manufacturers of specialized industrial equipment, consumables, and related service businesses. ITW businesses serve local customers and markets around the globe, with a significant presence in developed as well as emerging markets. The company has operations in 55 countries that employ more than 48,000 women and men who adhere to the highest ethical standards. These talented individuals, many of whom have specialized engineering or scientific expertise, contribute to our global leadership in innovation. We are proud of our broad portfolio of more than 17,000 granted and pending patents. ITW’s products and solutions are at work all over the world, in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which we live and work, the cars we drive, and the mobile devices we rely on. We are never, whether we know it or not, more than a few steps from an innovative ITW solution. You’ll find ITW’s solutions around the world. ITWs innovative fasteners, snap-in door handles, powertrain, refueling systems and other components make your vehicle more road-worthy, convenient and affordable. And at the mechanic’s shop, our maintenance products help keep those cars on the road longer. Thanks to ITW’s food equipment businesses, the restaurants where you dine hum with state-of-the-art ovens, dishwashers, refrigerators and more. ITW packaging ideas are what help you grab a six-pack off a store shelf or keep your food fresh at home. And our quality testing machines ensure the safety of everything from suspension bridges and aircraft to tiny heart valves. And the smartphone that’s always in hand? It’s built with ITW’s semiconductor solutions and innovations like an electromechanical gyroscope. ITW welding systems help deep-sea oil rigs deliver critical resources and enable safe, durable construction of your city’s offices and homes. ITW is committed to operational excellence and innovation that helps our customers create the products and services that make our lives better. The foundation of our company is the ITW Business Model, a unique and differentiated set of core capabilities and business practices that comprises three key elements: ITW’s 80/20 Front to Back Process, customer- back innovation and a decentralized entrepreneurial culture. The ability to invent, envision, and create something new is central to ITW’s longevity and profitable growth. Our innovation is “80/20 enabled,” meaning that we draw deep insights from our key customer relationships, and then focus our efforts on designing and patenting new products and components that solve their specific challenges. Encouraging new ideas—whether they come from engineers, chemists, or other members of the ITW team—and providing a supportive, entrepreneurial framework, has produced ITW’s strong culture of sustainable differentiation through innovation. E. SCOTT SANTI E. Scott Santi is Chairman and Chief Executive Officer of Illinois Tool Works Inc. Mr. Santi joined ITW in 1983 and has spent his entire career with the company. He was elected Executive Vice President in 2004 and named Vice Chairman in 2008. He became the Company’s Chief Executive Officer in 2012 and was elected Chairman of the Board of Directors in 2015. Mr. Santi is a member of the Board of Directors of W.W. Grainger (NYSE: GWW) Mr. Santi graduated from the University of Illinois with a bachelor’s degree in Accounting and received a master’s in Business Administration from the JL Kellogg School of Business at Northwestern University. These talented individuals, many of whom have specialized engineering or scientific expertise, contribute to our global leadership in innovation.