ITT Corporation

ITT Industries Names Ayers President of its Industrial Pump Group

    9/21/1998

        UPPER SADDLE RIVER, N.J., Sept. 21 /PRNewswire/ -- ITT Industries
    (NYSE: IIN) has appointed Robert L. Ayers President of its Industrial Pump
    Group, effective October 1, 1998. The Industrial Pump Group is a $600 million
    unit within ITT Industries' Fluid Technology business serving industrial and
    process markets worldwide under globally recognized brand names such as Goulds
    Pumps, A-C Pump, Richter and Vogel.
        Mr. Ayers has been President of Sulzer-Bingham Pumps, Inc. since 1990, and
    he was also President of Sulzer Industrial USA. In addition, he is currently
    President of the Hydraulic Institute -- the North American association of pump
    producers.
        "Bob is a recognized leader in the worldwide pump industry, with extensive
    global experience. He will be a valuable addition to our senior management
    team and a force in advancing our global growth strategies," said Richard J.
    Labrecque, President and CEO of ITT Industries' Fluid Technology business.
        Before Sulzer, Mr. Ayers was Director of Marketing and New Business
    Development at FMC Corporation, and President and CEO of the US subsidiaries
    of Lanzagorta International.
        After Vietnam Service as a US Army Lieutenant, he began his business
    career with Armco Inc., where he was Product Manager in Venezuela, then
    General Manager of Armco Mexicana. He later became General Manager for
    Products, Sales and Engineering at Armco's National Supply Company and served
    as President of their Baylor Company subsidiary.
        Mr. Ayers holds an MBA degree from Old Dominion University and a BSEE from
    the Virginia Military Institute.
        He will be based at the ITT Industrial Pump Group headquarters, Seneca
    Falls, New York.
        ITT Industries' Fluid Technology business is the world's leading provider
    of pumps, systems and services to move, measure, and control liquids. The
    company provides a variety of sophisticated pumps, valves and systems used
    worldwide in residential, agricultural, commercial, municipal, and industrial
    and process applications. Included are large pumps that control urban storm
    water drainage, and submersible pumps used in water and wastewater treatment
    plants and to drain construction sites, tunnels and mines.  Other products and
    systems include valves for the aerospace, chemical and energy markets, and
    pumps for the leisure marine, hydrotherapy, pharmaceutical and biotechnology
    sectors.
        Following the 1998 integration of Goulds Pumps, the business is now
    generating significant synergy orders, has annualized sales of $2 billion and
    is represented in over 135 countries. Its world-leading brands include:  A-C
    Pump, Bell & Gossett, Flygt, Goulds Pumps, Jabsco, Lowara, McDonnell & Miller,
    Marlow, Neo-Dyn, Richter, Rule, Sherotec, ITT Standard and Vogel.
    
    SOURCE  ITT Industries
    
    

    Web site: http://www.ittind.com
    CONTACT: Bjorn von Euler of ITT Industries, 201-760-5795, or fax
    - 201-760-9692
    NOTE TO EDITORS: 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

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

Media

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

MEDIA