ITT Corporation

Gerry Gendron Named President, ITT Cannon

    5/15/1997

        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
    
    

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2016 revenues of $2.4 billion.

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