Nationality American, Canadian Name David Speer | Role Businessman Education Iowa State University | |
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Born April 6th, 1951 Sault Ste. Marie, Ontario, Canada Occupation CEO of Illinois Tool Works (2005-2012) Died November 17, 2012, Chicago, Illinois, United States | ||
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David Blakeney Speer (April 6, 1951 – November 17, 2012) was an American businessman, best known as the CEO of Illinois Tool Works from 2005-2012.
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Early life
Speer was born in Sault Ste. Marie, Ontario, the third of seven children. His father, Richard N. Speer Sr. was a metallurgical engineer educated at Queens University, Canada who held various management positions with Chromium Mining & Smelting, Calumet & Hecla Corp. eventually became an Executive Vice President with Universal Oil Products (UOP). The family moved around frequently spending several years living in Memphis, Spokane, Homewood, Ill. and Selma, Alabama before settling in Barrington, Illinois in 1967.
Education
Speer attended Vanderbilt University after graduating high school in Barrington and transferred to Iowa State University after two years where he earned a degree in industrial engineering in 1973. In 1977, he earned a master's degree in management from Northwestern University.
Career
Speer began his career working for Precision Paper Tube in Wheeling, Illinois and was hired in 1978 by Illinois Tool Works as a marketing manager. He held a variety of different positions during his 34-year career with the company, and was named CEO in 2005, and chairman of the board in 2006, succeeding Jim Farrell.