Company Announcements

STAMFORD, Conn.--(BUSINESS WIRE)--Apr. 8, 2025-- April 8, 2025-- ITT Inc. (NYSE: ITT) today announced the nomination of Douglas DelGrosso for election to its Board of Directors at the company’s upcoming 2025 annual meeting of shareholders. Mr. DelGrosso served as president and chief executive officer of Adient plc (NYSE: ADNT), a global engineering and manufacturing company with operations in 29 countries, from October 2018 until his retirement in December 2023.

“Over the last several years, the ITT Board has deliberately pursued a refreshment strategy to add seasoned operations executives to our Board with advanced expertise and skills. We are honored at the prospect of having Doug join ITT’s Board of Directors and his election will mark another step in this ongoing evolution. He is an accomplished, results-driven leader with global experience in the markets in which ITT operates and his knowledge will be a powerful asset for us moving forward,” said ITT’s Chairman of the Board Timothy H. Powers.

“As ITT continues to differentiate through execution, innovation, M&A and people, we are pleased to add another experienced global operations leader to our Board. Throughout his career, Doug has shown an incredible understanding of value creation through operational excellence, from his beginnings as an engineer at Lear to three CEO roles across complex businesses. We are humbled to have Doug join the ITT board and know that we will benefit from his extensive experience in developing innovative technologies and executing strategic M&A,” said ITT’s Chief Executive Officer and President Luca Savi.

Mr. DelGrosso’s election to the Board will be effective May 21, 2025 pending shareholder approval at the company’s 2025 annual meeting of shareholders. The Board intends to appoint Mr. DelGrosso to the company’s Nominating and Governance Committee, effective at the time of his election.

About Douglas DelGrosso

Prior to joining Adient, Mr. DelGrosso was president and chief operating officer of Chassix Inc., a privately held automotive parts supplier, from 2016-2018, and president and chief executive officer of Henniges Automotive, a manufacturer of automotive sealing and anti-vibration systems, from 2012-2015.

Mr. DelGrosso serves on the Board of Directors of Cabot Corporation (NYSE: CBT), a global specialty chemicals and performance materials company, and sits on the compensation committee. He also serves on the Boards of two privately held companies: Pangea Corporation, a global leather supplier to the world’s leading automotive brands, and Accuride Corporation, a leading manufacturer and supplier of wheels and wheel-end components to the global commercial vehicle markets.

He holds a Bachelor of Science degree in mechanical engineering from Lawrence Technological University and a Master of Business Administration degree from the Eli Broad College of Business at Michigan State University.

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy 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 Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com.

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Media:
Phil Terrigno
+1 914-641-2143
phil.terrigno@itt.com

Investors:
Mark Macaluso
+1 914-641-2064
mark.macaluso@itt.com

Source: ITT Inc.