Illinois Tool Works Inc. Form 8-K Filing

Illinois Tool Works Inc. (ITW) announced on May 19, 2026, that Randall J. Scheuneman, Vice President & Chief Accounting Officer, will retire effective March 1, 2027. He will step down from his current role on June 30, 2026, but will remain as an advisor until his retirement. Scheuneman's retirement is not related to any disagreements with the company. Matteo C. Pigozzo will succeed Scheuneman as Vice President & Chief Accounting Officer and Principal Accounting Officer, effective July 1, 2026. Pigozzo, who joined ITW in 2006, has held various senior accounting and finance positions, most recently serving as Vice President & Corporate Controller. His compensation arrangements remain unchanged, and there are no reportable transactions or familial relationships with other executives.