ITT Corporation

ITT Industries Names Townsend and Eason to Financial Posts

    3/11/1997

        WHITE PLAINS, N.Y., March 11 /PRNewswire/ -- ITT Industries (NYSE: IIN)
    announced today that it had named Richard J. Townsend as its new Controller
    and Robert J. Eason as General Auditor.  Both Townsend and Eason were also
    approved as Corporate Vice Presidents at today's meeting of the company's
    Board of Directors.
        Townsend joins ITT Industries from IBM Corporation where he was Vice
    President of Finance and Planning for Global Industries.  He has spent the
    last seventeen years with IBM in significant financial management positions
    both in the United States and Europe.  He holds a Bachelors Degree in
    Mechanical Engineering from the University of Michigan and a Masters Degree in
    Mechanical Engineering from the University of California at Berkeley.  He also
    has an MBA from Stanford University.
        Eason joins ITT Industries from NCR where he was Director of Auditing and
    Mergers & Acquisitions.  Eason worked for AT&T for 15 years, prior to joining
    NCR as part of its recent spin-off from AT&T.  He has held various financial
    leadership positions with AT&T in both international and domestic assignments.
    Eason is a CPA and holds an MBA and a Bachelors Degree in Accounting from
    Lehigh University.
        "Both Rich and Bob are valuable additions to ITT Industries," said Heidi
    Kunz, senior vice president and chief financial officer of ITT Industries, to
    whom both will report.  "Their accomplishments and experience will provide a
    great benefit to the company."
        ITT Industries is 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 Automotive is
    one of  the world's  largest independent suppliers of systems and components
    to automotive manufacturers.  ITT Defense & Electronics is a world leader in
    the design, manufacture and support of high technology electronic systems and
    components for defense and commercial markets.  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.
        For more information about ITT Industries visit ITT Industries' home page
    on the Web:  http://www.ittind.com.
    
    SOURCE  ITT Industries
    
    

    CONTACT: Tom Martin of ITT Industries, 914-641-2157

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.

Investors

Jason Moss
tel +1 914-641-2030
jason.moss@itt.com

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tel +1 914-304-1809
laurent.lawrence@itt.com

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