Illinois Tool Works

Product Manager - Industrial Equipment & Automation

Illinois Tool Works • $90K — $130K *
Carol Stream, IL 60188In-Person
Manufacturing & Automotive
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree required; preferred fields include Marketing, Engineering, or Business.
  • 5+ years of experience in product management or related B2B roles.
  • Successful track record of leading cross-functional projects from inception to launch.
  • Technical background in industrial equipment, automation, welding, or software.
  • Ability to travel up to 25%.
  • Strong analytical and leadership skills.

Responsibilities

  • Own and execute product strategy, roadmap, and lifecycle plans.
  • Translate customer insights and market trends into portfolio priorities.
  • Maintain portfolio architecture focusing on customer value and profitability.
  • Collaborate with Segment Managers to evaluate emerging opportunities.
  • Lead product management activities from concept to market launch.
  • Ensure successful revenue and margin commitments through Customer Back Innovation.
  • Act as primary product contact for sales teams and key customers.

Benefits

  • Onsite role options in Carol Stream, IL or Appleton, WI.
  • Opportunity to work in a fast-paced, growth-oriented environment.
  • Engagement with cross-functional teams enhancing collaborative skills.
  • Exposure to technical discussions relevant to industrial automation.
  • Pathways for personal growth in product management and innovation.
Full Job Description
Job Description:

Are you a product leader energized by turning customer insight into product strategy and profitable growth?

As a Product Manager for the Industrial Equipment & Automation (IE&A) division of Miller Electric Mfg LLC (An ITW Company), you will serve as the business owner for an assigned product portfolio. You will own product strategy, roadmap direction, lifecycle management, pricing, margin performance, and commercialization outcomes while leading the marketing responsibilities within the Customer-Back Innovation (CBI) process.

This is an onsite role in either Carol Stream, IL or Appleton, WI.

Key Responsibilities
Portfolio Strategy & Lifecycle Ownership
  • Own and execute the strategy, roadmap, positioning, pricing, and lifecycle plan.
  • Translate customer needs, market trends, competitive intelligence, and business objectives into portfolio priorities and strategic choices.
  • Maintain a portfolio architecture that balances customer value, operational simplicity, and profitable growth.
  • Prioritize growth, defend, refresh, simplification, sustaining, and end-of-life initiatives.
Customer Insights & Commercialization Leadership
  • Partner with Segment Managers to evaluate opportunities emerging from Explore and determine portfolio fit and prioritization.
  • Lead Product Management and marketing activities from Discover through Deploy, including product-level VOC, value proposition definition, requirements, business case development, and go-to-market planning.
  • Ensure Customer Back Innovation projects deliver revenue, margin, adoption, and customer experience commitments.
  • Serve as the product contact for sales, product support, and key customers.
Portfolio Performance & Profitability
  • Own product revenue, variable margin, profitability, and overall portfolio performance.
  • Drive actions to improve portfolio performance through pricing, cost, quality, positioning, and product rationalization.
  • Balance customer value, growth opportunities, operational realities, technical constraints, and financial performance.


How to be successful in this role
  • Technical: Possess the aptitude to understand product capabilities and customer needs.
  • Analytical: Demonstrate the ability to analyze current business issues and end-user needs.
  • Leadership: Successfully lead high-level projects and cross-functional teams from start to completion.
  • Relationship-Building: Build strong relationships among cross functional teams, sales, and key end-users.
  • Presentation: Effectively present and facilitate in front of groups or varying technical knowledge.
  • Collaborative: Act as a team player with a positive attitude, high motivation, and sound decision-making skills.
  • Self-Driven: Well organized, aggressive self-starter with a willingness to learn and grow.
  • Independent: Establish plans independently with limited direction or supervision.
  • Adaptable: Thrive in a fast-paced environment that values an entrepreneurial spirit.
  • Communicative: Demonstrate excellent oral and written communication skills.


How You Show Up
  • Business Owner Mindset - Owns portfolio performance and business outcomes.
  • Data-Driven - Balances customer value, feasibility, and financial impact.
  • Technical Judgment - Engages confidently in technical discussions.
  • Disciplined Simplicity - Focuses resources on the highest-value opportunities.
  • Influential - Builds alignment and drives cross-functional execution.


Requirements
  • Bachelor's degree required; Marketing, Engineering, Business, or a related field preferred.
  • 5+ years of experience in product management, product development, or related roles in a B2B environment
  • Demonstrated success leading cross-functional initiatives from concept through launch.
  • Technical aptitude with industrial equipment, automation, welding, software, or related technologies preferred.
  • Travel up to 25%.


Compensation Information:

The compensation package offers a competitive annual salary of $90,000 to $130,000. This range is dependent on the geographic location, the candidate's qualification, and prior experience. We are committed to maintaining equitable and competitive salaries.

About Illinois Tool Works

ITW is an industrial manufacturing company that specializes in the fields of industrial machinery, engineering, operations, sales, marketing, finance, and accounting. It's in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which they live and work, the cars they drive, and the mobile devices they rely on. It was founded in 1912 and headquartered in Glenview Nas, Illinois.

Illinois Tool Works Careers

Join the dynamic team at Illinois Tool Works (ITW), a global leader in diversified manufacturing, where innovation and excellence drive us forward. ITW offers unparalleled job opportunities, fostering a culture of growth and leadership in the industry.

Work You’ll Do

At Illinois Tool Works, you will be part of a professional community that thrives on creativity and innovation. Our employees are equipped with the skills needed to succeed and are provided with endless opportunities for professional growth. Engage in work that matters, with projects that transform industries and enhance futures.

Explore Career Paths

Whether you're seeking an internship, a graduate opportunity, or a seasoned professional position, ITW offers a range of career paths across various departments. Our team benefits from a supportive and diverse working environment where every member’s contribution is valued.

Innovate and Lead

Join a team where innovation leads to revolutionary solutions in industries worldwide. At ITW, you will work alongside industry experts to develop new ideas and strategies that keep us at the forefront of technological advancements. Your career at ITW will be marked by a continuous journey of growth and leadership.

Develop Your Skills

With ITW’s commitment to professional development and diversity training, you will enhance your skills through targeted training programs and workshops. These opportunities not only boost your career but also ensure you stay competitive in the job market.

Be Part of Our Culture

ITW is dedicated to building a culture that respects and embraces diversity, encourages innovation, and fosters leadership. Our team is our greatest asset, and we believe in providing them with the benefits and resources they need to succeed both professionally and personally.

Networking and Professional Growth

Expand your professional network through ITW’s global presence and collaborative work environment. Engage with professionals across different sectors, gaining insights that can lead to significant career advancements. Our networking events and professional groups help you connect with key industry leaders and peers.

Join Our Team

Search for open positions that match your skills and interests on the ITW Careers page. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level.

Stay Connected

Keep up to date with the latest industry trends, company news, and career tips by following our careers blog. Personalize your experience by subscribing to job alert emails, tailored to your preferences and career goals. Explore the opportunities at Illinois Tool Works today and discover how your expertise can help shape the future of our company and the industries we serve. Join us in our mission to achieve excellence through innovation and leadership.
Learn more about Illinois Tool Works
Size
45,000 employees
Market Cap
$68.1 billion
Industry
Manufacturing & Automotive
Net Income
$2.1 billion
Founded
1912
5 Year Trend
+1.2%
Revenue
$12.5 billion
NASDAQ
ITW
* Ladders Estimates

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