Illinois Tool Works's CEO Salary
- 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.
- 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.
Illinois Tool Works's CEO salary and other executives compensation in 2025 was as follows:
Executive Compensation Summary Table
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Christopher A. O’Herlihy President & Chief Executive Officer | $15.21 M | $10.93 M | $6.90 M |
| Base Salary | $1.34 M | $1.30 M | $919.77 K |
| Incentive Plan Compensation | $2.70 M | $2.51 M | $2.40 M |
| All Other Compensation | $671.40 K | $556.10 K | $502.55 K |
| Stock Award | $5.25 M | $2.19 M | $1.02 M |
| Michael M. Larsen Senior Vice President and Chief Financial Officer | $7.36 M | $5.98 M | $6.22 M |
| Base Salary | $977.86 K | $942.23 K | $909.76 K |
| Incentive Plan Compensation | $1.99 M | $1.87 M | $2.26 M |
| All Other Compensation | $238.67 K | $235.93 K | $244.62 K |
| Stock Award | $2.07 M | $974.92 K | $937.37 K |
| Axel R.J. Beck Executive Vice President | $3.23 M | $2.59 M | $2.86 M |
| Base Salary | $665.77 K | $618.92 K | $597.88 K |
| Incentive Plan Compensation | $924.74 K | $706.56 K | $1.03 M |
| All Other Compensation | $85.98 K | $181.86 K | $180.26 K |
| Stock Award | $774.85 K | $362.40 K | $349.98 K |
| T. Kenneth Escoe Executive Vice President | $3.03 M | $2.69 M | - |
| Base Salary | $567.57 K | $551.66 K | - |
| Incentive Plan Compensation | $808.70 K | $1.02 M | - |
| All Other Compensation | $151.65 K | $175.93 K | - |
| Stock Award | $749.81 K | $312.27 K | - |
| Christopher A. O'Herlihy President & Chief Executive Officer | - | $10.93 M | $6.90 M |
| Base Salary | - | $1.30 M | $919.77 K |
| Incentive Plan Compensation | - | $2.51 M | $2.40 M |
| All Other Compensation | - | $556.10 K | $502.55 K |
| Stock Award | - | $2.19 M | $1.02 M |
| E. Scott Santi Former Executive Chairman and Current Non-Executive Chairman | - | $4.85 M | $22.51 M |
| Base Salary | - | $235.12 K | $1.40 M |
| Incentive Plan Compensation | - | $3.75 M | $7.57 M |
| All Other Compensation | - | $431.57 K | $2.77 M |
| Stock Award | - | $434.91 K | $3.59 M |
| Mary K. Lawler Senior Vice President and Chief Human Resources Officer | - | $2.88 M | $3.03 M |
| Base Salary | - | $647.21 K | $624.91 K |
| Incentive Plan Compensation | - | $844.10 K | $1.04 M |
| All Other Compensation | - | $148.02 K | $156.69 K |
| Stock Award | - | $412.27 K | $399.91 K |
| E. Scott Santi Chairman & Chief Executive Officer (Chairman, Effective January 1, 2024) | - | - | $22.51 M |
| Base Salary | - | - | $1.40 M |
| Incentive Plan Compensation | - | - | $7.57 M |
| All Other Compensation | - | - | $2.77 M |
| Stock Award | - | - | $3.59 M |
| Christopher A. O'Herlihy Vice Chairman (President and Chief Executive Officer, Effective January 1, 2024) | - | - | $6.90 M |
| Base Salary | - | - | $919.77 K |
| Incentive Plan Compensation | - | - | $2.40 M |
| All Other Compensation | - | - | $502.55 K |
| Stock Award | - | - | $1.02 M |
| Michael M. Larsen Senior Vice President & CFO | - | - | $6.22 M |
| Base Salary | - | - | $909.76 K |
| Incentive Plan Compensation | - | - | $2.26 M |
| All Other Compensation | - | - | $244.62 K |
| Stock Award | - | - | $937.37 K |
| Mary K. Lawler Senior Vice President, Human Resources | - | - | $3.03 M |
| Base Salary | - | - | $624.91 K |
| Incentive Plan Compensation | - | - | $1.04 M |
| All Other Compensation | - | - | $156.69 K |
| Stock Award | - | - | $399.91 K |
