Rick Magnuson
Strategic Advisor

Rick is a Strategic Advisor in the Profit Enhancement Solutions group, a division of Smith & Gesteland, LLP. Rick worked for 35 years with Illinois Tool Works (ITW). He worked in manufacturing, finance, sales and operations in many different ITW companies.

He has been instrumental in improving profitability and creating growth in over 130 individual business units with a wide range of products including electronics, food equipment, and manufacture of switches and screws. Rick directed businesses in many industries through a variety of sales channels.

Most recently, Rick was the group controller of the ITW Food Equipment Group where he worked with brands including Hobart and Vulcan. He has held management positions from Vice President to General Manager to International Controller for ITW companies such as Pancon, Shakeproof, ITW Switches and ITW Cortron.

ITW is a Fortune 200 company with $19 billion in revenues and over 59,000 employees headquartered in Glenview, Illinois with operations worldwide.

Rick received his B.A. in accounting from Metropolitan College.

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