David Speer, longtime chairman and CEO of Illinois Tool Works Inc. and a member of the Deere & Co. board of directors, has died after a lengthy illness. He was 61.
Mr. Speer was elected to the Deere & Co. board in 2008. He had been on medical leave from ITW since October and was replaced by E. Scott Santi as CEO and Robert Morrison as nonexecutive board chairman, the company said in a statement on Sunday.
Mr. Speer joined the company in 1978 and held a number of sales, marketing and management positions. He was elected CEO in 2005 and became board chairman in 2006.
In addition to his positions with ITW and Deere & Co., Mr. Speer was a trustee of the Chicago Symphony Orchestra and on the board of the Northwestern University, Rush Medical Center, United Way of Chicago, the Chicago Council on Global Affairs, CEOs Against Cancer, Rockwell Automation, the Executives' Club of Chicago and Junior Achievement of Chicago. He is board chairman of the Museum of Science and Industry and the Economic Club of Chicago. He is also a member of The Commercial Club and the Business Council.
Mr. Speer is a graduate of Iowa State University and the Kellogg School of Business at Northwestern University. He has two grown children and one grandson and lived in Winnetka with his wife Barbara. He is survived by his mother and six siblings, including Debbie Ruthhart, of Rock Island.
Today is Friday, Aug. 1, the 213th day of 2014. There are 152 days left in the year.
1864 — 150 years ago: A mad dog was shot in Davenport after biting several other canines and snapping at several children. The police should abate this nuisance — there are about 500 dogs in this city that ought to be killed at once. 1889 — 125 years ago: Track laying operations on 2nd Avenue, stopped by the Moline-Rock Island company last spring for lack of rail, have been resumed. 1914 — 100 years ago: Bulletins allowed to come through the strong continental censorship of all war news indicated that Germany was advancing with a dash against both Russia and France. 1939 — 75 years ago: Emil J Klein, of Rock Island, was elected commander of Rock Island Post 200, American Legion. 1964 — 50 years ago: Members of the Davenport police department and their families are being invited to the department's family picnic to be held Aug. 27 at the Mississippi Valley Fairgrounds. 1989 — 25 years ago: Beginning this fall, Black Hawk College will offer a continuing education course in horseback riding at the Wright Way Equestrian Center, Moline, located just east of the Deere Administration Center.