ITT Nominates Douglas DelGrosso for Election to Board of Directors
April 08 2025 - 8:05AM
Business Wire
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.
ITT-O
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250408941426/en/
Media: Phil Terrigno +1
914-641-2143 phil.terrigno@itt.com
Investors: Mark Macaluso +1
914-641-2064 mark.macaluso@itt.com
ITT (NYSE:ITT)
Historical Stock Chart
From Jun 2025 to Jul 2025
ITT (NYSE:ITT)
Historical Stock Chart
From Jul 2024 to Jul 2025