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Illinois Tool Works (ITW) appoints vice chairman E. Scott Santi to president and COO. In...

Illinois Tool Works (ITW) appoints vice chairman E. Scott Santi to president and COO. In addition, Santi has also been appointed acting CEO, effective immediately. Santi's appointment as acting CEO follows the decision by David Speer, chairman and CEO, to take a health related leave of absence. Additionally, Robert S. Morrison, the company's lead director, will serve as acting non-executive chairman of the board, effective immediately.
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