E. Scott Santi has been at the helm of Illinois Tool Works (ITW) since November 2012, and before that, he held several key roles in the company. He joined ITW back in 1983 and steadily climbed the ranks, serving as...
E. Scott Santi has been at the helm of Illinois Tool Works (ITW) since November 2012, and before that, he held several key roles in the company. He joined ITW back in 1983 and steadily climbed the ranks, serving as Vice Chairman and overseeing significant parts of the business, including Power Systems and Food Equipment. In September 2023, Santi announced his retirement as CEO, but he will continue to serve as Non-Executive Chairman until March 2024. Under his leadership, ITW focused on sustainable growth, aiming to reduce greenhouse gas emissions by 50% by 2030 from a 2021 baseline. Notably, in 2021, his compensation soared to over $20 million, largely due to stock options, but in 2022 it dropped to about $2.2 million, reflecting a shift in focus towards long-term performance. Santi's approach balances company profits with responsible environmental practices, emphasizing both financial and social responsibility.