Frank S. Ptak, 63, joined The Marmon Group, Inc. in January 2006 as President and Chief Executive Officer. The Marmon Group is an international association of more than 125 business units that operate independently within diverse business sectors. Member companies operate more than 250 production facilities, primarily in North America, the U.K. and China. Collective revenues approximated $7 billion in 2006. Since 2003, Mr. Ptak has served on the Board of Directors of Marmon Holdings, Inc., whose holdings include companies within The Marmon Group.
At the end of 2005, Mr. Ptak completed a 30-year career with Illinois Tool Works Inc., a $12.9 billion in revenues diversified manufacturer of highly engineered components and industrial systems and consumables, which he served as Vice Chairman. In addition to his staff duties, Mr. Ptak was responsible for nearly 60 percent of the businesses of ITW (about $8 billion in aggregate annualized sales) during his tenure. Mr. Ptak joined ITW in 1975 as Venture Project Manager of the Conex Division, which was involved in plastic packaging. He was named Marketing Manager of the Shakeproof Division in 1977. He became Shakeproof's General Manager in 1979 and was appointed President of the Shakeproof Group in 1985. Mr. Ptak became Executive Vice President-Automotive/Industrial Fasteners and Components in 1992. His staff duties were expanded when he was elected Vice Chairman of ITW in 1996. Before joining ITW, Mr. Ptak was employed by Sara Lee Corporation for five years in a variety of assignments, most notably Assistant Treasurer, Assistant to the Chairman, and Vice President-Analysis and Planning. He also worked at Kemper Financial Services, Inc. as a Venture Capital Manager and at Arthur Young & Co. as a Senior Auditor/Consultant.
Mr. Ptak graduated from DePaul University in 1965 with a Bachelor of Science in Commerce degree and received his Certified Public Accountant certificate in Illinois in 1966. Mr. Ptak is a member of the academic fraternities Beta Alpha Psi and Beta Gamma Sigma and received an award for Excellence in the Field of Finance from the Financial Executives Institute in 1965. He is a DePaul University College of Commerce Advisory Council member.
PROFESSIONAL & PERSONAL AFFILIATIONS
Board positions: Morningstar, Inc. Previous board positions: Snap-on Incorporated, General Growth Properties, Inc., Hon Industries, Heller Financial, Inc., Kemper Insurance. Other business affiliations: member, Economic Club of Chicago, Executives’ Club of Chicago, Commercial Club of Chicago, the Chicago Club; past member, General Motors Supplier Council; served on Board of Trustees of Manufacturers Alliance (formerly MAPI); elected into "Who's Who in America" (Marquis' Who's Who). Civic affiliations: Member, Board of Directors and Executive Committee, Junior Achievement of Chicago; past Chairman, ITW’s United Way Campaign.
Frank can be reached at (312) 372-9500.