ITT names new president for its Industrial Process business

Malinas has held a number of roles at Thermo Fisher, most recently as vice president and general manager of the Controlled Temperature Technologies Business Unit. He has served as vice president Industrial Sector – Corporate, vice president and general manager of Thermo Fisher’s Global Chemicals Business Unit and its commercial businesses in Japan, and global vice president, Commercial and Operational Excellence, for its Process Instruments Division. He has also worked at Danaher Corp and Energizer Holdings.

Reporting to ITT chief operating officer Luca Savi, Malinas will be responsible for delivering Industrial Process’s strategic and operating plans.

The Industrial Process business designs and manufactures highly engineered pumps and valves for the oil and gas, chemical, mining and industrial markets. Brands include Goulds Pumps, Bornemann, Engineered Valves, PRO Services and C’treat. Industrial Process employs around 2500 people worldwide and had 2016 revenues of approximately US$830 million.

“David is a strong global leader with an impressive track record,” said Denise Ramos, ITT CEO and president. “He has a strong operational background and deep experience in key areas such as strategy, marketing and new product development, process improvement and people leadership. These capabilities – along with his proven ability to transform business performance – will be a strong strategic fit for ITT and help IP drive operational excellence, strengthen customer intimacy and accelerate global growth.”

ITT’s Savi said: “We are very pleased to have David joining ITT and the IP team. Given his strong technical and operational background, experience with highly engineered products and environments, and broad perspective across multiple global end markets, he will complement the deep experience we have on our IP team and help us continue to drive performance improvement.”