ITT Industries Board of Directors Names Robert L. Ayers Vice President
1 October 1998
ITT Industries Board of Directors Names Robert L. Ayers Vice PresidentWHITE PLAINS, N.Y., Oct. 1 -- ITT Industries, Inc. announced that its Board of Directors has elected Robert L. Ayers a Vice President of the company, effective today. Ayers was recently appointed President of the company's Industrial Pump Group, a $600 million unit serving industrial and process pump markets worldwide under brands such as Goulds(R) Pumps, A-C(R) Pump, Richter(R) and Vogel(R). ITT Industries is the world's largest pump producer. "Robert Ayers brings a wealth of international business experience and leadership skills that will serve this company well," said Travis Engen, chairman, president and chief executive of ITT Industries. Ayers joins ITT Industries from Sulzer-Bingham Pumps, Inc., where he has served as President since 1990. He is also President of the Hydraulic Institute, the North American association of pump producers. Prior to joining Sulzer-Bingham, Ayers was director of marketing and new business development at FMC Corporation, and President and CEO of the US subsidiaries of Lanzagorta International. Prior to that, he held several international management positions with Armco, Inc. A Vietnam veteran, Ayers received his BSEE from Virginia Military Institute and an MBA from Old Dominion University. About ITT Industries ITT Industries, Inc. (http://www.ittind.com) is a global industrial manufacturing company with leading positions in the markets that it serves. Following the divestiture of the company's automotive brakes and electrical systems businesses, which were completed in September 1998, the company expects to generate annual sales of $4.4 billion. ITT Industries is the world's largest producer of pumps, systems and services to move, measure and control water and other fluids. The company is also a leading supplier of sophisticated military defense systems, including night vision devices, secure communication systems and avionics, and provides advanced technical and operational services to a broad range of government agencies. ITT Industries is a leading provider of electrical interconnects for cellular telephones, aerospace, network communications, "smart cards" for personal data storage, and PC cards for laptop computers. Further, ITT Industries provides products for highly-focused automotive markets, such the Koni(R) brand shock absorbers serving high-end, specialized auto needs in addition to shock absorbers for trains and bridges, fluid handling products such as brake and fuel line tubing, and brake friction materials. Based in White Plains, NY, ITT Industries employs approximately 34,000 people around the world. In addition to the New York Stock Exchange, ITT Industries' stock is traded under the symbol ("IIN") on the Midwest, Pacific, London, Frankfurt and Paris exchanges. ITT Industries' and its subsidiaries' news releases are available at no charge via fax and the Internet. For ITT Industries news and information on the Internet, visit http://www.ittind.com. To receive releases by fax, call 800-758-5804, extension 110006.