ITT Nominates Christopher O’Shea for Election to Board of Directors

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ITT Inc. nominates Christopher O’Shea for election to its Board of Directors at the 2024 annual meeting. O’Shea, CEO of UK-based Centrica, brings vast global energy industry experience and strategic expertise. The move aims to align director capabilities with ITT's future growth and market expansion.

STAMFORD, Conn.--(BUSINESS WIRE)-- April 2, 2024-- ITT Inc. (NYSE: ITT) today announced the nomination of Christopher O’Shea for election to its Board of Directors at the company’s upcoming 2024 annual meeting of shareholders. Mr. O’Shea currently serves as Chief Executive Officer (CEO) of UK-based Centrica, a £30 billion energy company supplying gas, electricity and energy services and solutions with more than 20,000 employees worldwide.

“We are honored at the prospect of having Chris join the ITT Board of Directors. He has vast global experience across the entire energy value chain and deep financial and strategic expertise from previously serving as Centrica’s CFO. During our thoughtful and deliberate approach to Board refreshment over the past year, we have added seasoned executives to further align director capabilities with the future growth and market expansion of ITT and Chris’ election will mark an additional step in the board’s evolution,” said ITT’s Chairman of the Board Timothy H. Powers.

“We are all very excited to have Chris join the board of ITT. With his success leading teams in the U.S., Europe, Africa, the Middle East and Asia, he brings an important global perspective and diversity of thought about the geographies and end markets in which ITT operates today. His experience in similar markets to ITT’s, and his leadership in the energy transition, will be great assets to us as we expand our capabilities in decarbonization and sustainability. I am humbled to have a leader with Chris’ expertise join me on the ITT board,” said ITT’s Chief Executive Officer and President Luca Savi.

Mr. O’Shea’s election to the Board will be effective May 15, 2024 pending shareholder approval at the company’s 2024 annual meeting of shareholders. The Board intends to appoint Mr. O’Shea to the company’s Audit Committee, effective at the time of his election.

About Christopher O’Shea

Mr. O’Shea joined Centrica in 2018 as Chief Financial Officer (CFO) and was appointed as Group CEO in 2020. He is also Chair of the Disclosure Committee and Chair of the majority controlled subsidiary, Spirit Energy. He previously served as CFO of UK-listed Smiths Group plc and Vesuvius plc and held various senior finance roles with BG Group plc and Shell. Mr. O’Shea holds a bachelor’s degree in Accounting and Finance from the University of Glasgow and an MBA from Duke 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.

ITT-O

View source version on businesswire.com: https://www.businesswire.com/news/home/20240402466381/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 has ITT Inc. nominated for election to its Board of Directors at the 2024 annual meeting?

ITT Inc. has nominated Christopher O’Shea for election to its Board of Directors at the 2024 annual meeting.

What is Christopher O’Shea’s current role and background?

Christopher O’Shea currently serves as the Chief Executive Officer (CEO) of UK-based Centrica, a £30 billion energy company with over 20,000 employees worldwide. He has vast global experience in the energy industry and previously served as Centrica’s CFO.

Why is ITT Inc. excited about Chris joining the board?

ITT Inc. is excited about Chris joining the board due to his success leading teams across various regions globally, bringing valuable global perspective and diversity of thought to the company.