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ITT unloads asbestos liability insurance arm InTelCo Management

The estimated impact of the divesture will be a one-time after-tax loss of approximately $27 million.

ITT names Richard P. Lavin as next board chairman

Lavin served as president and CEO of Commercial Vehicle Group Inc. from May 2013 to November 2015.

ITT completes acquisition of Rheinhütte Pumpen Group

Rheinhütte has been operating since 1857 and offers specialty applications for the chemical, mining, renewable energy and refinery processes.

ITT names Savi as chief operating officer

In his new role, Savi will focus on driving business performance by expanding and strengthening ITT’s comprehensive management system and processes, while continuing to grow its operational capabilities across the company.