ITT Announces New General Counsel

Mary Beth Gustafsson, former general counsel for First Solar, joins ITT

Business Wire

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--

ITT Corporation (ITT) announced today it has appointed Mary Beth Gustafsson as general counsel, reporting to Denise Ramos, ITT’s chief executive officer and president.

In this role, Gustafsson will serve as legal advisor for the company and will be a member of the ITT leadership team. She will lead ITT’s legal function globally, providing oversight of all legal and litigation matters, corporate governance, compliance and corporate responsibility.

Gustafsson, 54, formerly was general counsel and secretary and chief compliance officer for First Solar, a renewable energy company. She previously held senior legal leadership positions at Trane Inc. (formerly American Standard Companies Inc.), including general counsel and secretary, as well as at Honeywell International Inc.

“Mary Beth is a strong leader who has broad experience with diverse, global manufacturing environments,” Ramos said. “Her demonstrated expertise in overseeing strategic business transactions, leading global compliance programs and managing both business unit and corporate legal teams will bring meaningful benefits to ITT as we continue to enhance our capabilities and grow our business globally.”

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. Founded in 1920, 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 2012 revenues of $2.2 billion. For more information, visit www.itt.com.

Contact:
ITT Corporation
Investors:
Melissa Trombetta, +1 914-641-2030
melissa.trombetta@itt.com
or
Media:
Kathleen Bark, +1 914-641-2103
kathleen.bark@itt.com
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