Illinois Tool Works Inc. announced a succession plan that capitalizes on the strength and depth of the ITW leadership team. Christopher A. O?Herlihy, currently Vice Chairman of ITW, will become Chief Executive Officer of ITW, effective January 1, 2024. E. Scott Santi, ITW?s CEO since 2012, will step down as CEO.

Mr. O?Herlihy, 59, has been with ITW for over 34 years and will become the eighth CEO in ITW?s 112-year history. He was named Executive Vice President of the company?s Food Equipment Group in 2010 and elected Vice Chairman in 2015. He serves on the Board of Directors of Masco Corporation.

Mr. O?Herlihy has a bachelor?s degree in science from the University College Cork, Ireland, and a master?s degree in science from the University of Massachusetts.