Illinois Tool Works ITW

Mr. Larsen joined the Company and was elected Senior Vice President and Chief Financial Officer in September 2013. From October 2010 to August 2013, he served as Vice President and Chief Financial Officer of Gardner Denver, Inc., a global manufacturer of highly engineered compressors, blowers, pumps and other fluid transfer equipment. In addition, he served as interim CEO of Gardner Denver from July 2012 to November 2012, and as President, Chief Executive Officer and a director of that company from November 2012 to July 2013.

Ms. Lawler joined the Company and was elected Senior Vice President and Chief Human Resources Officer in October 2014. From June 2013 to October 2014, she served as Executive Vice President, Human Resources, at GATX Corporation, a rail car leasing company. Prior to that, she served as Senior Vice President, Human Resources, at GATX Corporation, from May 2008 to May 2013.

Axel Beck, Executive Vice President. Vice President/General Manager, food equipment businesses, 2011-2016, Group President, food equipment businesses, 2016-2020.

Kenneth Escoe, Vice President/General Manager, specialty products businesses, 2016-2019; Group President, specialty products businesses, 2019.

Mr. SantiDirector since: 2012 Independent: No Committees: Executive Other Public Directorships W.W. Grainger, Inc.: Member of the Audit Committee and Board Affairs and Nominating Committee. Professional Background Serves as Non-Executive Chairman of ITW since March 1, 2024. Served as Chairman of ITW since May 2015 and served as Chief Executive Officer from November 2012 to January 1, 2024. Served as President and Chief Executive Officer of ITW from November 2012 to May 2015 and as President and Chief Operating Officer from October to November 2012. Served as Vice Chairman of ITW from December 2008 to October 2012 and Executive Vice President from October 2004 to December 2008. Serves on the boards of numerous civic and not-for-profit organizations.

Ms. Strobel,Director since: 2008 Independent: Yes Committees: Compensation, Corporate Governance and Nominating (Chair), Executive Other Public Directorships None Professional Background Retired as Executive Vice President and Chief Administrative Officer of Exelon Corporation and President of Exelon Business Services Company, an electric and gas utility company, in October 2005, a position she had held since 2003. Served as Chairman and Chief Executive Officer of Exelon Energy Delivery from 2000 to 2003. Served as Executive Vice President of Unicom and its chief subsidiary, ComEd, having joined ComEd as General Counsel in 1993, where her experience included supervision and oversight of legal matters and risk management. Previously served as a director of State Farm Mutual Automobile Insurance Company and Domtar Corporation.

Director since: 1994 Independent: Yes Committees: Compensation, Corporate Governance and Nominating, Executive (Chair) Other Public Directorships Northern Trust Corporation: Member of the Corporate Governance and Human Capital and Compensation Committees. Professional Background Has served as Chairman and CEO of Owl Creek Partners, LLC, a private equity firm, since 2010. Founder of Susan Crown Exchange Inc., a social investment organization. Served two terms as a Fellow of the Yale Corporation, and serves as Chair Emeritus of Rush University Medical Center and the Rush System for Health, and a director of The Brookings Institution as well as several other civic and not-for-profit organizations. Served as Vice President of Henry Crown and Company, a business with diversified investments, from 1984 to 2015.

Mr. Irick,Director since: 2024 Independent: Yes Committees: Audit Other Public Directorships None Professional Background Served as Chief Executive Officer of The Pittsburgh Paints Company from December 2024 to February 2025. Served as Senior Vice President, Architectural Coatings, U.S. and Canada, and Traffic Solutions Business of PPG Industries, Inc., a global manufacturer and distributor of paints, coatings and specialty materials from May 2022 to December 2024. Served as Vice President, Architectural Coatings, U.S. and Canada of PPG Industries, Inc. from May 2019 to May 2022. Served as Vice President and President, Life Fitness, for Brunswick Corporation from January 2017 to December 2018. Served in various roles with increasing levels of responsibility for General Electric Company, including as a GE Company Officer. Served five years as an Officer in the U.S. Army, and currently serves as a director on multiple not-for-profit organizations.

Mr. Brutto Director since: 2012 Independent: Yes Committees: Audit, Finance Other Public Directorships Sysco Corporation: Chairman of the Sustainability Committee and member of the Corporate Governance and Nominating and Executive Committees. Professional Background Retired as President of UPS International and Senior Vice President of United Parcel Service, Inc. (UPS), a global package delivery, supply chain management and freight forwarding company, having served in these capacities from 2008 to 2013. Over 38 years of experience at UPS, serving in various areas with increasing levels of responsibility, including global operations, finance, accounting, information systems, mergers and acquisitions, marketing and business development. His service at UPS included President, Global Freight Forwarding and corporate controller. Served as Executive Chairman of Radial, Inc., a global fulfillment, customer care and omnichannel technology company from 2016 to 2017 and as Vice Chairman of eBay Enterprise/Innotrac, the predecessor business to Radial from 2015 to 2016. Has served on the board of the US China Business Council, the Guangdong Economic Council and the Turkey Economic Advisory Council and as a delegate to the World Economic Forum, Davos, Switzerland, from 2009 to 2013.

Mr. GriffithDirector since: 2012 Independent: Yes Committees: Compensation, Corporate Governance and Nominating, Executive Other Public Directorships None Professional Background Retired as President and Chief Executive Officer of The Timken Company, a manufacturer of bearings, alloy and specialty steels and components, having served in that capacity from 2002 to 2014. Served as Timken's President and Chief Operating Officer from 1999 to 2002. Joined Timken in 1984 and held positions in various functional areas of Timken with increasing levels of responsibility, including purchasing and logistics, manufacturing and international operations. Led Timken's automotive business in North America and Timken's bearing business activities in Asia and Latin America from 1996 to 1999. Previously served as a director of AB Volvo. Served as a director of the US China Business Council and a number of other industry and not-for-profit organization boards. Skills and Qualifications

In conjunction with this transition and consistent with our long-term succession planning, Matteo C. Pigozzo, age 55, will succeed as the Company's Vice President & Chief Accounting Officer and Principal Accounting Officer, effective July 1, 2026. Since joining the Company in 2006 as Director of Financial Reporting, Mr. Pigozzo has held progressively senior accounting and finance roles over the past 20 years, most recently serving as Vice President & Corporate Controller. Before joining the Company, Mr. Pigozzo began his career with Deloitte & Touche LLP and was an auditor in the assurance practice for 11 years.

Ms. Jennifer F. Scanlon, Other Public Directorships ; Director of UL Solutions Inc. Professional Background ; Has been President and Chief Executive Officer of UL Solutions Inc., a global safety science company since September 2019. ; Served as a director of Norfolk Southern Corporation from January 2018 to May 2024. ; Served as President and CEO of USG Corporation from November 2016 to April 2019. ; Served as a director of USG Corporation from September 2016 to April 2019. ; Serves as a director of numerous professional, civic and not-for-profit organizations.

Mr. Mark A. Thibeault, Vice President/General Manager, test & measurement and electronics businesses, 2019-2022; Group President, test & measurement and electronics businesses, 2022-2024.

Christopher P. Rauch, Senior Vice President, General Counsel & Secretary - 2025; Chief IP Counsel & Assistant Secretary, 2019 -2025.

Ms. Patricia A. Hartzell, Executive Vice President. Vice President/General Manager, test and measurement & electronics businesses, 2017-2020; Group President, test and measurement & electronics businesses, 2020-2021.

Sharon Szafranski, Executive Vice President. Vice President/General Manager, food equipment businesses, 2010-2016, Vice President/General Manager, test & measurement and electronics businesses, 2016-2019, Group President, test & measurement and electronics businesses, 2019-2020.

Mr. Javier Gracia Carbonell, Executive Vice President. Vice President/General Manager, construction businesses, 2017-2020; Group President, construction businesses, 2020-2021.

Mr. Guilherme de Figueiredo Silva, Executive Vice President. Group President, polymers & fluids businesses, 2020-2021; Group President, test & measurement and electronics businesses, 2021-2023.