PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: ITT Night Vision and Imaging

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ITT Announces Future Chairman for Xylem - ITT Corporation (NYSE: ITT) has announced, in connection with filing amended Form 10 registration statements later today for its two company spinoffs, Xylem and ITT Exelis
ITT Announces Future Chairman for Xylem

 

NewswireToday - /newswire/ - White Plains, NY, United States, 2011/08/22 - ITT Corporation (NYSE: ITT) has announced, in connection with filing amended Form 10 registration statements later today for its two company spinoffs, Xylem and ITT Exelis. NYSE: ITT

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

ITT Corporation has announced, in connection with filing amended Form 10 registration statements later today for its two company spinoffs, Xylem and ITT Exelis, that Markos Tambakeras will serve as non-executive chairman of the board of Xylem, the future independent water technology business. Mr. Tambakeras will assume this post when the spinoffs are completed.

Mr. Tambakeras, 60, has been a member of ITT’s board of directors since 2001. He is former chairman, president and chief executive officer of Kennametal, Inc. He currently serves on the board of Parker Hannifin and is a member of the boards of trustees of Arizona State University and Loyola Marymount University.

Upon completion of the transaction, Steve Loranger, chairman, president and chief executive officer of ITT, 59, will serve as a member of the Xylem board of directors in the role of chairman emeritus, a position created to enable Xylem to capitalize on Mr. Loranger’s years of experience and industry insights. Mr. Loranger will also take a seat, as previously announced, on the new ITT Exelis board.

ITT’s Presiding Director Ralph Hake said,“While the board of directors wanted Steve to serve as executive chairman of Xylem, he recently decided that he would prefer a different role. We are particularly pleased that he’s agreed to serve as chairman emeritus for Xylem, a post that will maximize his ability to continue to provide leadership, strategic contribution and continuity throughout the critical first years of the company, while freeing him from the board administration and governance aspects of the executive chairman role. We’re extremely grateful to Steve for his leadership throughout his seven years at the helm of ITT and through this very critical time of its transformation into three new companies. We look forward to his continued contributions and leadership through the transitions once the spinoffs are completed.”

Mr. Hake continued,“In addition, we are pleased that Markos will take on the role of non-executive chairman. Markos has been a long-standing member of our board helping to shape ITT strategy over the years. He will be a strong partner to Gretchen McClain, the future CEO of Xylem, and with his significant public company experience and industry insight, he will complement and support Gretchen and her senior leadership team as they launch the new company.”

Mr. Loranger said,“I’m looking forward to the next phase of my life, which will balance my desire to serve and contribute to both Xylem and ITT Exelis, while affording me the opportunity to pursue other interests as well. I thank the people of ITT who have accomplished so much in the years that I have been privileged to lead them. I am confident that each of these three new companies will be successful because of our outstanding workforce and their drive for results.”

Mr. Loranger will continue in his current capacity as chairman, president and CEO of ITT until the transaction to create three standalone companies is completed, which is expected to occur later this year.

About ITT Corporation
ITT Corporation (itt.com) 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 2010 revenue of $11 billion.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: ITT Night Vision and Imaging

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


ITT Announces Future Chairman for Xylem

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

ITT Corporation |
Publisher Contact: Jenny Schiavone / Thomas Scalera - ITT.com 
914-641-2160 / 914-641-2030 jennifer.schiavone[.]itt.com / thomas.scalera[.]itt.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ITT Night Vision and Imaging securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From ITT Night Vision and Imaging / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

LANXESS Virkon S Proven to Kill Highly Pathogenic Avian Influenza Strains
BASF to Offer Tailor-made Product Innovation At European Coatings Show
Nexans to Drive Sustainable Transportation At its Annual Technical Conference
Tripp Lite Introduces A New Series of Pre-assembled 40 Gb to 10 Gb Breakout Fiber Patch Panels
Borealis and Asmidal Sign Memorandum of Understanding to Jointly Evaluate Opportunities for Melamine Production in Algeria
SCHOTT’s New Ultra-Thin Glass is the Thinnest, Toughest, Most Eco-Friendly Glass for Consumer Electronics
Hexagon Manufacturing Intelligence Supplies PTB with Leitz PMM-G
Atlas Copco Completes Acquisition of Chinese Self-pierce Riveting Solutions Business
SCHOTT Introduces Superior X-ray Imaging with SCHOTT’s Fiber Optic Faceplates and BOROFLOAT® Glass
PPG Wins Big At 2016 SEMA Show PPG-painted Cars, Trucks Capture Major Awards
Tripp Lite’s Breakthrough 3-Phase Rack ATS PDUs Granted U.S. Patent
Nexans Launches PVC-free MOTIONLINE® HALEX Automation Cables
Volkswagen and BASF Present 'Science Award Electrochemistry' to Dr. William Chueh from Stanford University, California
ITT's Cannon Brand to Introduce Versatile Modular Connector Interface for Heavy Equipment At Bauma China 2016
BASF to Divest Inorganic Specialties Business

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)