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AI brief of an SEC Form 8-K · Illinois Tool Works (ITW)

ITW's Chief Accounting Officer Scheuneman to retire; Matteo Pigozzo to succeed him July 1

Neutral Impact 2 of 5 leadership Written later

Illinois Tool Works said its Vice President and Chief Accounting Officer, Randall Scheuneman, will step down from that role June 30, 2026 and retire March 1, 2027, staying on as an advisor until then. Matteo Pigozzo, a company veteran since 2006, will take over as Chief Accounting Officer and Principal Accounting Officer effective July 1, 2026. The company said the planned retirement involves no disagreement on financial statements, internal controls, operations, policies or practices.

Key points

  • Randall Scheuneman steps down as CAO and principal accounting officer effective June 30, 2026; retires March 1, 2027
  • Matteo Pigozzo, age 55, succeeds him effective July 1, 2026
  • Pigozzo joined in 2006 as Director of Financial Reporting and most recently served as Vice President & Corporate Controller
  • The filing states no material changes to Pigozzo's compensation arrangements

The filing

CompanyIllinois Tool Works (ITW)
Form8-K, current report
Filed with the SECMay 22, 2026, 4:03 PM ET
Accession number0000049826-26-000033

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 22, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.