ITT Names Bartek Makowiecki Senior Vice President of Strategy and Business Development; Will Lead All Merger & Acquisition Initiatives

Rhea-AI Summary

ITT Inc. has appointed Bartek Makowiecki as Senior Vice President of Strategy and Business Development, effective immediately. Reporting to CEO Luca Savi, Makowiecki will oversee the company's strategy and M&A activities. He joins from Ingredion, where he led global strategy and M&A efforts. Savi emphasized Makowiecki's experience as pivotal for accelerating ITT's capital deployment and enhancing shareholder value. Makowiecki holds an MBA from the Chinese University of Hong Kong and a degree in international business and finance from Regents University, U.K.

Positive

• Appointment of Bartek Makowiecki expected to enhance strategic direction.
• Proven track record in M&A may lead to successful capital deployment and portfolio management.

Negative

• None.

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- September 13, 2021-- ITT Inc. (NYSE: ITT) today named Bartek Makowiecki Senior Vice President of Strategy and Business Development, reporting to Luca Savi, President and CEO, ITT Inc. In this role, Makowiecki will drive all strategy and merger and acquisition (M&A) activities across ITT.

Makowiecki joins ITT from Ingredion, where he most recently held the position of Global Head of Strategy, M&A and Venturing. While at Ingredion, he built a world-class strategy function, expanded the company’s growth platforms, and established a new corporate venture capital program to deploy capital to early-stage investments. Prior to Ingredion, Makowiecki held increasingly responsible, global strategy, and M&A roles, including international assignments, at Owens Corning Corporation and Parker-Hannifin Corporation.

"Bartek is an accomplished executive with a proven track record in mergers and acquisitions and portfolio management. His experience greatly benefits ITT, as we look to accelerate our capital deployment strategy,” said Luca Savi, CEO and President of ITT. "Bartek is a unique talent and the right leader to drive our long-term strategy and to continue to generate superior shareholder value."

Makowiecki holds a Master of Business Administration from the Chinese University of Hong Kong and a Bachelor of Arts in international business and finance from Regents University in the U.K. He will be based at ITT’s global headquarters in White Plains, N.Y.

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. 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 2020 revenues of $2.5 billion. For more information, visit www.itt.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210913005008/en/

Investor Contact

Mark Macaluso

+1 914-641-2064

mark.macaluso@itt.com

Source: ITT Inc.

FAQ

What is the significance of Bartek Makowiecki's appointment for ITT?

Bartek Makowiecki's appointment is significant as he will oversee ITT's strategy and M&A activities, potentially leading to enhanced capital deployment and improved shareholder value.

What experience does Bartek Makowiecki bring to ITT?

Makowiecki brings significant experience from his previous role at Ingredion, where he led global strategy and M&A, along with prior roles at Owens Corning and Parker-Hannifin.

Who does Bartek Makowiecki report to at ITT?

Bartek Makowiecki reports to Luca Savi, the President and CEO of ITT.

Where is ITT Inc. headquartered?

ITT Inc. is headquartered in White Plains, New York.

What recent financial performance did ITT achieve?

In 2020, ITT generated revenues of approximately $2.5 billion.