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    Christopher A. O'Herlihy

    President & CEO at Illinois Tool Works Inc
    Board
    Since January 1, 2024
    Age
    61 years
    Education
    Holds a bachelor's degree in science from University College Cork, Ireland and a master's degree in science from the University of Massachusetts.
    Tenure
    Joined ITW in 1989, held roles such as Group President for the Polymers & Fluids and Food Equipment segments, Executive Vice President, Vice Chairman from 2015 to 2023, and assumed the role of President & CEO on January 1, 2024.

    Also at Illinois Tool Works Inc

    ARB
    Axel R.J. Beck
    Executive Vice President
    GS
    Guilherme Silva
    Executive Vice President
    JGC
    Javier Gracia Carbonell
    Executive Vice President

    About

    Christopher A. O'Herlihy is 61 years old as of February 2025, with a solid academic background including a bachelor's degree in science from University College Cork, Ireland and a master's degree in science from the University of Massachusetts.

    He began his longstanding career at ITW in 1989 and has worked in various pivotal roles, such as Group President for the Polymers & Fluids and Food Equipment segments, followed by his tenure as Executive Vice President and Vice Chairman from 2015 to 2023.

    His appointment as President & CEO on 01-01-2024 marked a significant milestone, reinforcing his leadership in guiding ITW's strategic initiatives and organic growth.

    In addition to his contributions at ITW, he has also served on the Board of Directors of Masco Corporation and has been actively involved in civic and not-for-profit organizations, highlighting his dedication to both corporate excellence and community engagement.

    $ITW Performance Under Christopher A. O'Herlihy

    Past Roles

    OrganizationRoleDate RangeDetails
    ITWVice ChairmanAugust 2015 – December 2023 Ended with promotion to President & CEO on January 1, 2024
    ITWExecutive Vice President, Food Equipment segment2010 – 2015 N/A
    ITWGroup President, Food Equipment segmentPrior to 2010 N/A
    ITWWorldwide Group President, Polymers & Fluids segmentPrior to 2010 N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$919,770 AnnualFixed base salary
    Company Contributions to Retirement Plans$272,871 AnnualRetirement plan contributions
    Perquisites$16,492 AnnualIncludes financial planning & tax preparation services, executive physicals, and tickets for sporting events with no cost

    Performance Compensation

    Data from  FY 2023

    Performance Cash

    ComponentDetails
    Metrics & TargetsOperating Margin: Threshold 20%, Target 24%, Maximum 26% ; After-tax ROIC: Threshold 20%, Target 25%, Maximum 27% ; EPS Growth: Threshold 4%, Target 9%, Maximum 12%. Each metric is equally weighted.
    Payout Range50% to 200% of target award.
    Grant DateFebruary 10, 2023
    Grant Date Fair Value$1,025,000
    Performance Period2023–2025 (Three years)
    Vesting ScheduleCliff vesting at end of performance period
    Grant Date Stock Price$235.52
    ConditionsAwards subject to forfeiture for misconduct or conflicts.

    EIP Award

    ComponentDetails
    Metrics & TargetsOperating Income Growth: Threshold = 85% of prior year growth (50% payout), Target = 106% (100% payout), Maximum = 116% (200% payout) ; Organic Revenue Growth: Threshold = 1.0% (0% payout), Target = 3.0% (100% payout), Maximum = 5.0% (200% payout). Weights: 60% and 40% respectively.
    Award AmountsTarget Award: $1,849,114 , Threshold Payout: $924,557 , Maximum Payout: $3,698,228 .
    Actual Payout$813,425
    Award TypeCash-based; performance assessed on 2023 results.
    EvaluationBased on 2023 performance with a total payout percentage of 88.0% of the target award.