SANTA ANA, Calif., May 15 /PRNewswire/ -- Gerry Gendron has been
named President of ITT Cannon reporting to Lou Giuliano, President and CEO of
ITT Defense and Electronics. Gendron will have responsibility for ITT Cannon
operations located throughout North America, Europe and the Far East. Prior
to his new position, Gendron was Vice President and General Manager of ITT
Cannon Commercial Connectors. He succeeds Iain Duffin who resigned.
During the past 17 years, Gendron has gathered a breadth of senior
management experience. He joined the New York headquarters staff of ITT
Corporation in 1981 and held various financial management positions. In 1991,
Gendron was named Controller of ITT Electronic Components and was appointed
Vice President and Controller of ITT Cannon Worldwide in 1992. He assumed his
most recent position as Vice President and General Manager in 1995.
"I am pleased to appoint Gerry to President as he was a key contributor to
the development and implementation of ITT Cannon's profitable growth
strategy," said Giuliano. "He thoroughly understands our business, as well as
the requirements of our customers and is in the best possible position to
ensure continuity of the company's growth strategy."
"During the last five years, ITT Cannon achieved significant improvements
in profitability, operating performance, market penetration and new product
development. Sales to all of the company's target markets increased
significantly which includes a 25% increase in new product sales. At the same
time, ITT Cannon achieved double digit growth in operating income," Giuliano
continued. "ITT Cannon has been a significant contributor to the
profitability and shareholder value of ITT Industries and we are confident of
the company's continued progress under Gerry's leadership."
ITT Cannon is an international supplier of electronic components,
interconnect systems, switches, test accessories, information card technology
and high speed structured cabling systems and services.
ITT Cannon is a division of ITT Industries (http://www.ittind.com) a
leading worldwide diversified manufacturing company with 1996 sales of $8.4
Billion from its three primary business segments: Automotive, Defense &
Electronics and Fluid Technology.
ITT Defense & Electronics, of which ITT Cannon is a part, is a leader in
the design, manufacture and support of high technology electronic systems and
components for defense and commercial markets. ITT Automotive is one of the
largest independent suppliers of systems and components to automotive
manufacturers. ITT Fluid Technology is one of the world's leading
manufacturers of products, systems and services for the movement, measurement
and control of fluids.
In addition to the New York Stock Exchange, ITT Industries' stock
is traded under the symbol ("IIN") on the Midwest, Pacific, London, Frankfurt
and Paris exchanges.
ITT Industries and its subsidiaries' press releases are available at no
charge via fax and the Internet. To receive releases by fax, call 800-758-
5804, extension 110006. For ITT Industries' news on the Internet, visit
http://www.ittind.com or http://www.prnewswire.com
SOURCE ITT Cannon