ITT names senior post spin-off management

Speetzen is currently vice president of finance for ITT’s Fluid and Motion Control business. While Jimenez is vice president and general counsel for ITT Corp.

 As previously announced, Gretchen McClain, currently president of ITT Fluid and Motion Control, will serve as the water technology business’s future CEO. Steve Loranger, currently chairman, president and CEO of ITT Corp, will be the water business’s executive chairman of the board.

“Our ability to make these decisions early in the separation planning process is truly a testament to the strength of our existing management bench and legacy of leadership development at ITT, and we are pleased to mark this milestone in the process of establishing three attractive new companies by the end of the year,” said Loranger.