ITT Names Fernando Roland President of Industrial Process Business

Rhea-AI Summary

ITT Inc. announces the appointment of Fernando Roland as president of its Industrial Process business. Roland will be responsible for guiding IP through green energy projects and growing its core pumps and valves business.

Positive

• Fernando Roland appointed as president of ITT's Industrial Process business
• Roland has two decades of senior leadership experience in multinational manufacturing conglomerates
• He will be based at IP's headquarters in Seneca Falls, New York
• Roland's appointment is expected to drive growth and execution for IP

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- August 1, 2023-- ITT Inc. (NYSE: ITT) today announced the appointment of Fernando Roland as president of its Industrial Process (IP) business, reporting to Chief Executive Officer Luca Savi. Roland succeeds David Steblein, who retired earlier this year after more than 30 years with the company. IP, one of ITT’s three segments, is a global leader in centrifugal and twin-screw pumps for chemical, energy, mining and industrial markets.

Roland joins ITT after two decades in various senior leadership roles at multinational manufacturing conglomerates, including Continental AG, Hyosung Corporation and DuPont. He most recently served as Senior Vice President of Continental AG’s Customer Engineered Solutions Americas segment, where he drove strategy and execution for its industrial products business area.

Roland holds an MBA from the University of Manchester (UK) and an MS in Strategic and Economic Business Management from Fundação Getulio Vargas (Brazil). He will be based at IP’s headquarters in Seneca Falls, New York and will be part of the ITT executive leadership team.

“I’d like to welcome Fernando and express our enthusiasm for his appointment. With broad leadership and manufacturing experience, he’s well equipped to guide IP through the execution of complex, large-scale green energy projects while growing its core pumps and valves business,” said ITT’s CEO and President Luca Savi. “I am confident that IP will continue to grow and execute under Fernando’s leadership.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230801618705/en/

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.

FAQ

Who is the new president of ITT's Industrial Process business?

The new president of ITT's Industrial Process business is Fernando Roland.

What is the role of ITT's Industrial Process business?

ITT's Industrial Process business is a global leader in centrifugal and twin-screw pumps for chemical, energy, mining, and industrial markets.

Where will Fernando Roland be based?

Fernando Roland will be based at IP's headquarters in Seneca Falls, New York.

What is expected from Fernando Roland's appointment?

Fernando Roland's appointment is expected to drive growth and execution for IP.