Illinois Tool Works's CEO Salary

Illinois Tool Works's CEO salary and other executives compensation in 2025 was as follows:

Christopher A. O’Herlihy President & Chief Executive Officer at Illinois Tool Works, received a total compensation of $15.21 M in 2025.
Michael M. Larsen Senior Vice President and Chief Financial Officer at Illinois Tool Works, received a total compensation of $7.36 M in 2025.
Mary K. Lawler Senior Vice President and Chief Human Resources Officer at Illinois Tool Works, received a total compensation of $3.51 M in 2025.
Axel R.J. Beck Executive Vice President at Illinois Tool Works, received a total compensation of $3.23 M in 2025.
T. Kenneth Escoe Executive Vice President at Illinois Tool Works, received a total compensation of $3.03 M in 2025.

CEO/ Executive salary tells one part of the story. Explore Employee Count Trend, Revenue per Employee, and Profit per Employee to understand workforce scale, and employee productivity.

Christopher A. O’Herlihy President & Chief Executive Officer

Per Year
Per Month
Per Week
Per Day

Christopher A. O’Herlihy President & Chief Executive Officer, at Illinois Tool Works, received $1.34 M in base salary, $5.25 M in stock award, and $671.40 K in other compensation, making $15.21 M in total compensation in 2025.

The total compensation was +39.13% up from the previous year, 2024.

Michael M. Larsen Senior Vice President and Chief Financial Officer

Per Year
Per Month
Per Week
Per Day

Michael M. Larsen Senior Vice President and Chief Financial Officer, at Illinois Tool Works, received $977.86 K in base salary, $2.07 M in stock award, and $238.67 K in other compensation, making $7.36 M in total compensation in 2025.

The total compensation was +23.19% up from the previous year, 2024.

Mary K. Lawler Senior Vice President and Chief Human Resources Officer

Per Year
Per Month
Per Week
Per Day

Mary K. Lawler Senior Vice President and Chief Human Resources Officer, at Illinois Tool Works, received $671.69 K in base salary, $899.77 K in stock award, and $146.94 K in other compensation, making $3.51 M in total compensation in 2025.

The total compensation was +22.08% up from the previous year, 2024.

Axel R.J. Beck Executive Vice President

Per Year
Per Month
Per Week
Per Day

Axel R.J. Beck Executive Vice President, at Illinois Tool Works, received $665.77 K in base salary, $774.85 K in stock award, and $85.98 K in other compensation, making $3.23 M in total compensation in 2025.

The total compensation was +24.34% up from the previous year, 2024.

T. Kenneth Escoe Executive Vice President

Per Year
Per Month
Per Week
Per Day

T. Kenneth Escoe Executive Vice President, at Illinois Tool Works, received $567.57 K in base salary, $749.81 K in stock award, and $151.65 K in other compensation, making $3.03 M in total compensation in 2025.

The total compensation was +12.59% up from the previous year, 2024.

Executive	2025	2024	2023
Christopher A. O’Herlihy President & Chief Executive Officer	$15.21 M	••••••••	••••••••
Base Salary	$1.34 M	••••••••	••••••••
Incentive Plan Compensation	$2.70 M	••••••••	••••••••
All Other Compensation	$671.40 K	••••••••	••••••••
Stock Award	$5.25 M	••••••••	••••••••
Michael M. Larsen Senior Vice President and Chief Financial Officer	$7.36 M	••••••••	••••••••
Base Salary	$977.86 K	••••••••	••••••••
Incentive Plan Compensation	$1.99 M	••••••••	••••••••
All Other Compensation	$238.67 K	••••••••	••••••••
Stock Award	$2.07 M	••••••••	••••••••
Mary K. Lawler Senior Vice President and Chief Human Resources Officer	$3.51 M	••••••••	••••••••
Base Salary	$671.69 K	••••••••	••••••••
Incentive Plan Compensation	$893.37 K	••••••••	••••••••
All Other Compensation	$146.94 K	••••••••	••••••••
Stock Award	$899.77 K	••••••••	••••••••
Axel R.J. Beck Executive Vice President	$3.23 M	••••••••	••••••••
Base Salary	$665.77 K	••••••••	••••••••
Incentive Plan Compensation	$924.74 K	••••••••	••••••••
All Other Compensation	$85.98 K	••••••••	••••••••
Stock Award	$774.85 K	••••••••	••••••••
T. Kenneth Escoe Executive Vice President	$3.03 M	••••••••	••••••••
Base Salary	$567.57 K	••••••••	••••••••
Incentive Plan Compensation	$808.70 K	••••••••	••••••••
All Other Compensation	$151.65 K	••••••••	••••••••
Stock Award	$749.81 K	••••••••	••••••••
Christopher A. O'Herlihy President & Chief Executive Officer	-	••••••••	••••••••
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E. Scott Santi Former Executive Chairman and Current Non-Executive Chairman	-	••••••••	••••••••
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Stock Award	-	••••••••	••••••••
E. Scott Santi Chairman & Chief Executive Officer (Chairman, Effective January 1, 2024)	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Christopher A. O'Herlihy Vice Chairman (President and Chief Executive Officer, Effective January 1, 2024)	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Michael M. Larsen Senior Vice President & CFO	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••
Mary K. Lawler Senior Vice President, Human Resources	-	••••••••	••••••••
Base Salary	-	••••••••	••••••••
Incentive Plan Compensation	-	••••••••	••••••••
All Other Compensation	-	••••••••	••••••••
Stock Award	-	••••••••	••••••••

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Illinois Tool Works's CEO Salary

Christopher A. O’Herlihy President & Chief Executive Officer

Michael M. Larsen Senior Vice President and Chief Financial Officer

Mary K. Lawler Senior Vice President and Chief Human Resources Officer

Axel R.J. Beck Executive Vice President

T. Kenneth Escoe Executive Vice President

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