About ITTITT 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. 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 2016 revenues of $2.4 billion. For more information, visit www.itt.com.
ITT Inc. (NYSE:ITT) today announced that it has appointed David J. Malinas as President of its Industrial Process business, reporting to Luca Savi, ITT's Chief Operating Officer. In this role, Malinas will be responsible for delivering the strategic and operating plans of ITT's Industrial Process business, which employs about 2,500 people globally and had 2016 revenues of approximately $830 million. The business designs and manufactures an extensive array of highly engineered pumps and valves for the oil and gas, chemical, mining and industrial markets. Its long-standing brands include Goulds Pumps, Bornemann, Engineered Valves, PRO Services and C'treat. "David is a strong global leader with an impressive track record," said Denise Ramos, ITT CEO and President. "He has a strong operational background and deep experience in key areas such as strategy, marketing and new product development, process improvement and people leadership. These capabilities - along with his proven ability to transform business performance - will be a strong strategic fit for ITT and help IP drive operational excellence, strengthen customer intimacy and accelerate global growth." Malinas joins ITT from Thermo Fisher Scientific where he progressed through a number of roles of increasing responsibility. Most recently Vice President and General Manager of the Controlled Temperature Technologies Business Unit, he also served as Vice President Industrial Sector-Corporate, Vice President and General Manager of the company's Global Chemicals Business Unit and its commercial businesses in Japan, and Global Vice President, Commercial and Operational Excellence, for its Process Instruments Division. He also previously held business and manufacturing leadership positions at Danaher Corporation and Energizer Holdings. COO Luca Savi said, "We are very pleased to have David joining ITT and the IP team. Given his strong technical and operational background, experience with highly engineered products and environments, and broad perspective across multiple global end markets, he will complement the deep experience we have on our IP team and help us continue to drive performance improvement."