ITT Announces President of Motion Technologies Business

Thursday, 22 Mar 2018

Carlo Ghirardo joins ITT from Eaton's Vehicle Group

WHITE PLAINS, N.Y., March 22, 2018 – ITT Inc. (NYSE: ITT) today announced that it has appointed Carlo Ghirardo as President of its Motion Technologies business, reporting to Luca Savi, ITT's Chief Operating Officer.

In this role, Ghirardo will be responsible for delivering the strategic and operating plans of ITT's Motion Technologies business, which employs about 4,400 people globally and had 2017 revenues of approximately $1.2 billion. The business designs and manufactures innovative braking technologies and shock absorbers for global transportation markets, as well as specialized sealing solutions for the transportation and industrial markets.

"We are very pleased to have Carlo joining ITT and the MT team," said CEO and President Denise Ramos. "He is a strong global leader with an impressive track record, and his experience and capabilities will be a strong strategic fit for ITT. Carlo will complement the deep experience we have on our MT team and help the business continue to advance operational excellence and customer-driven innovation and growth."

Carlo most recently worked for Eaton, where he held a number of senior leadership roles. Most recently President of the Vehicle Group's EMEA (Europe, Middle East and Africa) region, he also served as Vice President and General Manager of the Engine Air Management Product Group as well as the Valvetrain Division. He also held global operational and manufacturing leadership roles at Eaton and at United Technologies Corporation.

"Carlo has delivered strong performance and results in areas such as strategy, lean manufacturing, customer intimacy, new product development and people leadership," Savi said. "The industries and customers with whom he has partnered are very relevant to MT, and his experience will help us deliver our execution, innovation and growth priorities and build for the future."

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 2017 revenues of $2.6 billion.

Investors:

Jessica Kourakos
+1 914-641-2030
jessica.kourakos@itt.com

Media:

Kathleen Bark
+1 914-641-2103
kathleen.bark@itt.com