ITW CEO Speer Dies at 61 PDF Print E-mail
Written by Mike Buetow   
Monday, 19 November 2012 11:39

GLENVIEW, IL – ITW chairman and CEO David B. Speer has passed away from cancer. He was 61.

Speer joined ITW in 1978 and served in a number of selling, marketing, and management positions. In 2005, he was elected chief executive and in 2006 assumed the additional responsibilities as chairman of the board of directors. Speer had been on medical leave since October.

Effective immediately, E. Scott Santi, 51, has been elected chief executive to succeed Speer. He was elected president and chief operating officer in October, and had been acting chief executive officer since that time.

Robert S. Morrison, 70, has been elected non-executive chairman of the board of directors. He was named acting non-executive chairman in October and has been an independent director since 2003.

Santi joined ITW in 1983 and has spent his entire career with the company. He was elected executive vice president in 2004 and vice chairman in 2008.  He also serves as a director of W.W. Grainger. Santi graduated from the University of Illinois in 1983 with a bachelor's in accounting, and received a masters in business administration from Northwestern in 1992.




Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.



Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.





CB Login



English French German Italian Portuguese Russian Spanish


Panasonic Debuts PanaCIM Maintenance with Augmented Reality
PanaCIM Maintenance with Augmented Reality software provides instant communication and information to factory technicians -- when and where it is needed -- so they can respond to factory needs more...