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
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
. "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
in 2012, with more than half of the revenues generated outside of
the United States
SOURCE Illinois Tool Works Inc.