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 Thursday, Dec. 12, the 346th day of 2013. There are 19 days left in the year. 1863 -- 150 years ago: Two boys who haul coal from Coal Valley to Davenport were arrested yesterday for running their teams through the city street at a furious rate. 1888 -- 125 years ago: E.H. Barker dislocated his left wrist and suffered a compound fracture of the right wrist when he fell from the roof of his icehouse. 1913 -- 100 years ago: Lou Harris was elected county superintendent of schools to fill the unexpired term of the late S.J. Ferguson. 1938 -- 75 years ago: The U.S. Supreme Court ruled today that a state must give equality in educational privileges to white and Negro law students. 1963 -- 50 years ago: About 300 employees of the Augustana Book Concern, staff members of the Board of Publication of the Lutheran Church in America, as well as friends of the community and out-of-town guests honored Dr. Birger Swenson at the annual Christmas dinner of the Augustana Book Concern last night in Westerlin Hall on the Augustana College campus. 1988 -- 25 years ago: The Christmas shopping season began early this year and continues to bring out shoppers in record numbers, according to Quad-Cities retailers interviewed today.