Illinois Tool Works (NYSE:ITW) has drafted its new CFO from the ranks of veteran industrial sector executives.
The company today announced its finance chief and senior vice president is now Michael Larsen. Prior to his hiring, Larsen was CFO and later CEO at Gardner Denver. He stepped down from the latter position to become CFO again following the completion of the firm's acquisition by KKR, announced this past July.
Previous to his time at Gardner Denver, Larsen spent 15 years at General Electric working in a variety of finance jobs.
In the press release announcing the hiring, Illinois Tool Works quoted its CEO Scott Santi describing Larsen as "a proven leader who brings considerable financial, operational, and senior leadership experience to ITW."
Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends Illinois Tool Works. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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