ITT Announces New President of Interconnect Solutions Business

  ITT Announces New President of Interconnect Solutions Business

                   Neil Yeargin joins ITT from Invensys PLC

Business Wire

WHITE PLAINS, N.Y. -- January 28, 2013

ITT Corporation (NYSE: ITT) announced today it has appointed Neil Yeargin as
president of its Interconnect Solutions business, reporting to Denise Ramos,
ITT’s chief executive officer and president.

In this role, Yeargin will be responsible for delivering the strategic and
operating plans of ITT’s Interconnect Solutions business, which employs
approximately 2,200 people globally and had 2011 revenues of approximately
$418 million. The business designs and manufactures a broad range of highly
engineered connectors and cable assemblies designed for critical applications
in harsh environments such as the global energy, transportation and industrial
end markets.

Yeargin, 47, joins ITT from Invensys PLC where he progressed through a number
of increasingly responsible positions in its Invensys Controls division, a
global designer and manufacturer of mechanical, electronic and electrical
controls products, systems and solutions. Most recently senior vice president
of its global commercial business, he also served as vice president and
general manager of Americas commercial and aftermarket business, vice
president of operations, and vice president of manufacturing, strategy and
continuous improvement. He previously was vice president of global operations
at Cooper Industries and held a number of leadership positions in operations,
supply chain and process improvement with Honeywell Inc. / Allied Signal.

“Neil is a strong global leader who brings to ITT’s Interconnect Solutions
business a unique set of capabilities that have driven an impressive track
record,” Ramos said. “His expertise in the areas of customer focus,
operational process improvement, new product development and people leadership
will bring meaningful benefits to ITT as we continue to enhance our
capabilities, grow this business globally and create additional value for
customers and shareowners.”

In this role, Yeargin will also serve as a member of the ITT Corporation
Leadership Team, and he is expected to be made an officer of ITT at the
company’s February Board of Directors meeting.

About ITT

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 2011 revenues of
$2.1 billion. For more information, visit www.itt.com.

Contact:

ITT Corporation
Investors:
Melissa Trombetta, 914-641-2030
melissa.trombetta@itt.com
or
Media:
Kathleen Bark, 914-641-2103
kathleen.bark@itt.com