Chicles brings strong track record in highly engineered industrial manufacturing
WHITE PLAINS, N.Y., May 21, 2014 – ITT Corporation (NYSE: ITT) announced today that it has named Executive Vice President Aris Chicles as president of its Industrial Process business. Chicles will report to CEO and President Denise Ramos.
In this role, Chicles will be responsible for executing the strategic and operating plans of ITT’s Industrial Process business, a global manufacturer of industrial pumps and valves for the oil and gas, chemical, mining and industrial markets. The business employs approximately 3,500 people globally and had 2013 revenues of more than $1.1 billion.
“Aris brings a unique set of capabilities to this role that will help us continue to enhance our capabilities and grow this business globally,” Ramos said. “He is a proven business and people leader with a strong executional track record in highly engineered industrial manufacturing, and he has been deeply involved in the development of our successful strategy for Industrial Process. This combination of operational savvy and strategic know-how and flexibility will enable him to successfully lead Industrial Process and drive the creation of additional value for customers and shareowners.”
Chicles, 52, joined ITT in 2006 from American Standard Inc., where he was vice president of Corporate Business Development. Prior to this position, he had a 17-year career with Owens Corning in a series of progressively responsible operational positions, rising to head of Corporate Development and Strategy.
He has a Bachelor of Science in business administration from Miami University of Ohio, and received his M.B.A. from the Wharton School of the University of Pennsylvania.
ITT's Industrial Process business is a global manufacturer of industrial pumps, valves, monitoring and control systems, and aftermarket services for the biopharmaceutical, food and beverage, chemical, oil and gas, mining, pulp and paper, power and general industrial markets through leading brands including Goulds Pumps, Bornemann, PRO Services, Engineered Valves, C'treat and ProCast.
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial 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. Founded in 1920, 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 2013 revenues of $2.5 billion. For more information, visit www.itt.com
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