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    ITT   US45073V1089

ITT INC.

(ITT)
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ITT : Names Bartek Makowiecki Senior Vice President of Strategy and Business Development, Will Lead All Merger & Acquisition Initiatives

09/14/2021 | 10:29am EDT

WHITE PLAINS, N.Y. - ITT Inc. (NYSE: ITT) 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.

Contact:

Investor

Mark Macaluso

T: +1 914-641-2064

E: mark.macaluso@itt.com

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.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 2 784 M - -
Net income 2021 295 M - -
Net cash 2021 328 M - -
P/E ratio 2021 27,6x
Yield 2021 0,94%
Capitalization 8 071 M 8 071 M -
EV / Sales 2021 2,78x
EV / Sales 2022 2,53x
Nbr of Employees 9 700
Free-Float 99,5%
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Mean consensus BUY
Number of Analysts 14
Last Close Price 93,74 $
Average target price 106,77 $
Spread / Average Target 13,9%
EPS Revisions
Managers and Directors
Luca Savi President, Chief Executive Officer & Director
Emmanuel Caprais Chief Financial Officer & Senior Vice President
Richard P. Lavin Chairman
Mary Elizabeth Gustafsson Secretary, Chief Compliance Officer & SVP
Orlando D. Ashford Independent Director
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