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 Tuesday, Sept, 30, the 273rd day of 2014. There are 92 days left in the year.
1864 — 150 years ago: The ARGUS Boys are very anxious to attend the great Democratic mass meeting tomorrow and we shall therefore, print no paper on the day. 1889 — 125 years ago: H.J. Lowery resigned from his position as manager at the Harper House. 1914 — 100 years ago: Curtis & Simonson was the name of a new legal partnership formed by two younger members of the Rock Island County Bar. Hugh Cyrtis and Devore Simonson.. 1939 — 75 years ago: Harry Grell, deputy county clerk was named county recorder to fill the vacancy caused by a resignation. 1964 — 50 years ago: A new world wide reader insurance service program offering around the clock accident protection for Argus subscribers and their families is announced today. 1989 — 25 years ago: Tomato plant and other sensitive greenery may have had a hard time surviving overnight as temperatures neared the freezing point.