ITT Corporation

Hamilton Named President of ITT Fluid Technology Corp.'s Commercial and Specialty Products Group

    1/21/1998

     

    MIDLAND PARK, N.J., Jan. 21 /PRNewswire/ — ITT Fluid Technology
    Corporation, one of ITT Industries' (NYSE: IIN) three core businesses, has
    named Richard J.M. Hamilton as President of its newly created Commercial and
    Specialty Products Group.
    
        This group, with approximately $800 million in sales, produces a full line
    of pumps and associated equipment for the residential, commercial, marine and
    light industrial water management markets, and valves, pumps and controls and
    instruments for other specialty niche markets.  The group markets its products
    under brand names which include Goulds, Bell & Gossett, McDonnell & Miller,
    ITT Standard, Lowara, Jabsco, ITT Pure-Flo, G&L, ITT Dia-Flo, ITT Aerospace
    Controls, Neodyn, Fabri Valve and others.
        "Richard's leadership will accelerate this group's success in providing
    cohesive fluid management solutions to our customers worldwide," said Richard
    J. Labrecque, Chairman and CEO of ITT Fluid Technology Corp.
        Hamilton, a Vice President of ITT Industries, was most recently President
    of ITT Fluid Technology's Specialty Products Division.  Prior to joining Fluid
    Technology in 1996, Richard Hamilton spent 25 years with ITT and ITT
    Industries in a variety of management positions, including corporate
    controller.  Hamilton holds a B.Sc. from the University of Aberdeen in
    Scotland and is a member of the Hydraulic Institute, the Financial Executives
    Institute and the Institute of Management Accountants.  He is based in Midland
    Park, N.J. and makes his home in Westport, Conn.
        "I am excited to be associated with this group of leading companies with
    powerful brands and the best people in the business.  Our mission is to
    achieve fast-paced growth while maintaining the strong earnings and cash flow
    that our shareholders expect from this business.  Our unparalleled engineering
    and marketing skills and ITT Fluid Technology's growing worldwide presence
    make this a very achievable target."
        ITT Industries ( http://www.ittind.com ) is a leading worldwide
    diversified manufacturing company, with 1996 sales of $8.4 billion in its
    three primary business segments:  Automotive, Defense and Electronics, and
    Fluid Technology.  ITT Fluid Technology is the world's leading manufacturer of
    pumps, systems and services for the movement, measurement and control of
    fluids.  ITT Automotive is one of the largest independent suppliers of systems
    and components to automotive manufacturers.  ITT Defense and Electronics is a
    leader in the design, manufacture and support of high technology electronic
    systems and components for defense and commercial markets.  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 Fluid Technology Corporation
    
    

    Web site: http://www.ittind.com
    NOTE TO EDITORS: This is ITT Industries, Inc. -- NYSE: IIN, not
    ITT Corporation -- NYSE: ITT. Any shorthand reference to ITT
    will be incorrect.
    CONTACT: Bjorn von Euler of ITT Fluid Technology, 201-670-3522,
    fax, 201-444-0742, or bvon_euler@fluids.ittind.com

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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