ITW VP & CAO Randall Scheuneman to retire; Matteo Pigozzo named successor

ILLINOIS TOOL WORKS INC

Randall J. Scheuneman to retire as VP & CAO effective March 1, 2027; steps down from role June 30, 2026.
Matteo C. Pigozzo, current VP & Corporate Controller, to succeed as VP & CAO effective July 1, 2026.
Scheuneman will remain as advisor through March 1, 2027; retirement not due to any disagreement.
Pigozzo joined ITW in 2006, previously at Deloitte; no material change in compensation.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Randall J. Scheuneman

Vice President & Chief Accounting Officer and Principal Accounting Officer

ITW · ILLINOIS TOOL WORKS INC

Effective: 2026-06-30
Successor: Matteo C. Pigozzo
Filed: May 22, 2026, 4:03 PM ET

Randall J. Scheuneman, Vice President & Chief Accounting Officer and Principal Accounting Officer of Illinois Tool Works Inc. (the “Company”) notified the Company that he will retire from the Company effective March 1, 2027 and that he will be stepping down from his current role effective June 30, 2026.

Appointed

Matteo C. Pigozzo

Vice President & Chief Accounting Officer and Principal Accounting Officer

ITW · ILLINOIS TOOL WORKS INC

Effective: 2026-07-01
Filed: May 22, 2026, 4:03 PM ET

Matteo C. Pigozzo, age 55, will succeed Mr. Scheuneman as the Company’s Vice President & Chief Accounting Officer and Principal Accounting Officer, effective July 1, 2026.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Randall J. Scheuneman departed as Vice President & Chief Accounting Officer and Principal Accounting Officer at ILLINOIS TOOL WORKS INC.

Action: retire
Role: Vice President & Chief Accounting Officer and Principal Accounting Officer

Exact text from the filing

Randall J. Scheuneman, Vice President & Chief Accounting Officer and Principal Accounting Officer of Illinois Tool Works Inc. (the “Company”) notified the Company that he will retire from the Company effective March 1, 2027 and that he will be stepping down from his current role effective June 30, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Matteo C. Pigozzo was appointed as Vice President & Chief Accounting Officer and Principal Accounting Officer at ILLINOIS TOOL WORKS INC.

Action: succeed
Role: Vice President & Chief Accounting Officer and Principal Accounting Officer

Exact text from the filing

Matteo C. Pigozzo, age 55, will succeed Mr. Scheuneman as the Company’s Vice President & Chief Accounting Officer and Principal Accounting Officer, effective July 1, 2026.

View on SEC.gov

ILLINOIS TOOL WORKS INC filing history →

Source: SEC EDGAR

accession 0000049826-26-000033

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