ITT Names Aris Chicles President of Industrial Process Business
Chicles brings strong track record in highly engineered industrial
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
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
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.
Safe Harbor Statement
This press release contains “forward-looking statements” intended to qualify
for the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995 (the “Act”). No forward-looking statement can be
guaranteed, and actual results may differ materially from those projected. All
forward-looking statements included in this presentation are based on
information available to us on the date hereof, and we undertake no obligation
to publicly update any forward-looking statement, whether as a result of new
information, future events or otherwise. The forward-looking statements are
not historical facts, but rather are based on current expectations, estimates,
assumptions and projections about the business and future financial results of
the industry in which we operate, and other legal, regulatory and economic
developments. These forward-looking statements include, but are not limited
to, future strategic plans and other statements that describe the company’s
business strategy, outlook, objectives, plans, intentions or goals, and any
discussion of future operating or financial performance.
We use words such as "anticipate," "estimate," "expect," "project," "intend,"
"plan," "believe," "target,“ “future,” “may,” “will,” “could,” “should,”
“potential,” “continue,” “guidance” and other similar expressions to identify
such forward-looking statements. Forward-looking statements are uncertain and
to some extent unpredictable, and involve known and unknown risks,
uncertainties and other important factors that could cause actual results to
differ materially from those expressed or implied in, or reasonably inferred
from, such forward-looking statements.
Forward-looking statements in this press release should be evaluated together
with the risks and uncertainties that affect our business, particularly those
mentioned in the Risk Factors section of the Company's Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and other documents filed from time to
time with the Securities and Exchange Commission.
Press spacebar to pause and continue. Press esc to stop.