Illinois Tool Works Inc. Announces Management Addition
07 August 2009 - 11:26PM
PR Newswire (US)
GLENVIEW, Ill., Aug. 7 /PRNewswire-FirstCall/ -- Illinois Tool
Works Inc. (NYSE:ITW) today announced that its Board of Directors
has appointed Randy Scheuneman as Principal Accounting Officer with
overall responsibility for all aspects of accounting and financial
reporting. Mr. Scheuneman joined the Company on August 3, 2009 as
Vice President & Chief Accounting Officer and will report to
Chief Financial Officer Ron Kropp. Scheuneman, 41, previously held
several financial leadership positions at W.W. Grainger, Inc.
including Vice President, Finance, for the Lab Safety Supply
business and Vice President of Internal Audit. He graduated from
the University of Illinois with a B.S. degree in accounting, and
received his master of business administration degree from
University of Chicago. "I am pleased to welcome Randy to ITW," said
Ron Kropp, Senior Vice President & Chief Financial Officer.
"His wide range of financial experience and expertise will serve
the Company well as we continue to enhance the effectiveness of
ITW's financial reporting." With $17.1 billion in 2008 revenues,
ITW is a multinational manufacturer of a diversified range of
value-adding and short lead-time industrial products and equipment.
The Company consists of 895 business units in 54 countries and
employs some 59,000 people. DATASOURCE: Illinois Tool Works Inc.
CONTACT: Alison Donnelly of Illinois Tool Works Inc.,
+1-847-657-4565, Web Site: http://www.itw.com/
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