ITT Corporation

Pagano Named Finance Vice President and Controller at ITT Industries' Fluid Technology Business

    9/21/1998

        UPPER SADDLE RIVER, N.J., Sept. 21 /PRNewswire/ -- ITT Industries has
    named Robert J. Pagano Jr. as Vice President of Finance, and Controller of its
    Fluid Technology business.
        Mr. Pagano was previously Vice President, Finance, and Group Controller
    for the ITT business's Industrial Pump Group.  Prior to that he held a number
    of successively higher level positions at Goulds Pumps, which was acquired by
    ITT Industries in 1998. Before joining Goulds, Mr. Pagano spent approximately
    five years at KPMG Peat Marwick.
        Mr. Pagano is a Certified Public Accountant and a Certified Management
    Account.  He is active in a number of professional associations, including the
    Syracuse Institute of Management Accountants, where he is Vice President of
    Education & Professional Development.  He is also a member of the American
    Institute of Certified Public Accountants, the National Society of Tax
    Professionals, and the New York State Society of Certified Public Accountants.
        He succeeds Kjell Engstrom, who moves on to the position of Senior Vice
    President and Director, Business and Market Development, at ITT Industries'
    Flygt operation in Sweden.
        Mr. Pagano will be based at ITT Industries' Fluid Technology headquarters
    in Upper Saddle River, New Jersey.
        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 that are used in water and wastewater
    treatment plants and 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 total annualized sales of
    $2.1 billion and is represented in over 135 countries.  Its world-leading
    brands are: A-C Pump, Bell & Gossett, Flygt, Goulds Pumps, Jabsco, Lowara,
    McDonnell & Miller, Marlow, Neo-Dyn, Richter, Rule, Sherotec and Vogel.
    
    SOURCE  ITT Industries
    
    

    Web site: http://www.ittind.com
    Company News On-Call: http://www.prnewswire.com or fax,
    800-758-5804, ext. 110006
    CONTACT: Bjorn von Euler of ITT Industries, 201-760-5795, or fax,
    201-760-9692

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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