ITT Announces President of Motion Technologies Business

Carlo Ghirardo joins ITT from Eaton’s Vehicle Group

WHITE PLAINS, N.Y.–(BUSINESS WIRE)–$ITT–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. For more information,
visit www.itt.com.

Contacts

ITT Inc.
Investors:
Jessica
Kourakos, +1 914-641-2030
jessica.kourakos@itt.com
or
Media:
Kathleen
Bark, +1 914-641-2103
kathleen.bark@itt.com