ITT Corporation elects Colleen Ostrowski vice president and treasurer

Wednesday, 11 Aug 2010

WHITE PLAINS, N.Y., August 11, 2010 – The Board of Directors of ITT Corporation (NYSE: ITT) today announced it has elected Colleen Ostrowski vice president and treasurer of the company, reporting to Denise Ramos, ITT senior vice president and chief financial officer.

In this role, Ostrowski will have global operating responsibility for the treasury organization, including capital markets, pension, cash management, international treasury and risk management.

Ostrowski, 36, joined ITT as assistant treasurer in January 2010, and has led global cash management, cash forecasting and liquidity management. She has also served as a member of the company's pension fund trust and investment committee and the benefits administration committee.

Prior to joining ITT, Ostrowski had a ten-year career in finance and treasury with Pfizer, Inc., culminating in the role of senior director, treasury pension investments and finance. She holds a Bachelor of Science with an emphasis in international business from Juniata College in Huntingdon, Pa., and a Master of Business Administration degree in finance from Penn State University.

"Since joining ITT, Colleen has demonstrated strong leadership and communication skills that enhance her outstanding track record in finance," said Ramos. "I'm confident that her global experience over a decade in the corporate treasury arena will continue to be a tremendous asset to our team, and we look forward to her contributions in this new post."

Ostrowski assumes the treasurer position from Ramos, who has led the treasury function as acting treasurer since June.

About ITT Corporation

ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company reported 2009 revenue of $10.9 billion. www.itt.com.

Press Contact:

Jenny Schiavone
tel +1 914 641 2160
jennifer.schiavone@itt.com